May 8, 2018 / 12:26 PM / 20 days ago

Microchip fourth-quarter revenue rises 11 percent

(Reuters) - Microchip Technology Inc (MCHP.O), which is in the process of buying peer Microsemi Corp (MSCC.O), reported a 11 percent rise in fourth-quarter revenue, helped by higher demand for analog chips from carmakers and industrials.

Net income rose to $146.7 million, or 58 cents per share, in the quarter ended March 31, from $136.9 million, 57 cents per share, a year earlier.

    Revenue rose to $1 billion from $902.7 million.

    Reporting by Sonam Rai in Bengaluru; Editing by Shailesh Kuber

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