Microchip Technology Inc. (MCHP) traded to the upside until noon Monday and rose further going into the close. The stock finished higher by 0.74 at $31.52.
Microchip Technology Inc. has been gaining ground for the last 2 1/2 weeks and closed Monday at a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.