Intel, Mobileye, Microchip see slowdown in automotive chip orders

Key PointsMobileye issued disappointing revenue guidance, citing excess inventory and customer stockpiling.Microchip Technology cited auto manufacturing slowdowns as a factor in its revenue declines.Intel said the current situation of sluggish auto chip sales should normalize this year. 5 stocks we like better than General MotorsWhen autonomous driving tech specialist Mobileye Global Inc. NASDAQ: MBLY got smacked down on January 4 on a surprise cut in its revenue forecast, it was signaling trouble throughou ...