Feb. 8, 2023 /SemiMedia/ -- According to the supply chain, Microchip plans to raise prices by about 5% in March this year.

The source revealed that due to the impact of the prices of raw material suppliers and foundries, Microchip's production costs continued to increase, and the company had to pass some of the costs on to customers, and will increase the prices of multiple product lines by about 5% from March 1, 2023.

The source further pointed out that Microchip did not issue a price increase notice letter for the price increase as before, and did not disclose the specific product price, but the price increase will be open to all customers.