Welcome to our dedicated page for Microchip Technology news (Ticker: MCHP), a resource for investors and traders seeking the latest updates and insights on Microchip Technology stock.
Microchip Technology Inc. (NASDAQ: MCHP) is a renowned provider of microcontroller, mixed-signal, analog, and Flash-IP solutions. Founded in 1989 and headquartered in Chandler, Arizona, Microchip offers innovative products that facilitate low-risk product development, minimize total system costs, and accelerate time-to-market for a wide range of applications. The company serves over 70,000 customers across industries such as consumer electronics, automotive, office automation, communications, and industrial control in more than 65 countries.
Microchip’s extensive product portfolio includes microcontrollers (MCUs) which account for a significant portion of its revenue. These MCUs are integral to a variety of devices ranging from remote controls and garage door openers to automotive power windows. While the company has a strong foothold in lower-end 8-bit MCUs, it has also expanded into high-end MCUs and analog chip markets.
In recent developments, Microchip introduced the ATMXT2952TD 2.0 family of touch controllers. These are designed to offer cryptographic authentication and data encryption to enhance the security of touch-enabled human-machine interface (HMI) and radio frequency identification (RFID) systems. These controllers are particularly beneficial for outdoor payment terminals like EV chargers and parking meters, providing secure and resilient solutions resistant to harsh weather conditions and vandalism.
Another noteworthy innovation is the PolarFire SoC FPGAs, which cater to the aerospace and defense sectors. These FPGAs combine the flexibility of real-time operating systems with the robustness required for space applications, ensuring reliable performance in harsh radiation environments.
Financially, Microchip reported net sales of $1.326 billion for Q4 of fiscal 2024, reflecting a 40.6% decrease from the previous year. Despite challenges, the company maintained a non-GAAP operating margin of 43.9% and returned $1.89 billion to shareholders through dividends and buybacks. Microchip anticipates a demand stabilization and a return to sequential revenue growth in the second half of 2024, driven by ongoing innovation and strategic initiatives.
Microchip continues to host its renowned MASTERs Conference, an annual event that offers advanced technical training for engineers. This year’s conference featured sessions on embedded control, development tools, and security solutions, highlighting Microchip’s commitment to technological advancement and community engagement.
For more information, visit Microchip Technology Inc.
Microchip Technology Inc. has introduced a new line of 28V-input, 50-watt radiation-tolerant DC-DC power converters, addressing the challenges posed by traditional hybrid converters in space systems. This series offers design flexibility, reduced complexity, and cost-efficiency, featuring a unique discrete-component-based construction. The SA50-28 family encompasses a 20V-40V input range with multiple output options, efficiency capabilities, and operational resilience from -55°C to +85°C. These products facilitate rapid customization and integration in space applications while maintaining proven reliability.
Microchip Technology, a leader in smart, connected embedded control solutions, will present at the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 12:30 p.m. ET. Key executives, including President Ganesh Moorthy and CFO Eric Bjornholt, will represent the company. A live webcast of their presentation will be accessible on the Microchip website. The company's extensive portfolio supports over 120,500 customers across various sectors, offering solutions that minimize risk and costs while optimizing design efficiency.
Microchip Technology has launched the MPLAB® ICE 4 In-Circuit Emulator, a state-of-the-art debugging and programming tool for its PIC, AVR, dsPIC microcontrollers, and SAM microprocessors. Priced at $1,799, it features wireless connectivity, advanced power debugging, and real-time code profiling, enhancing developer productivity. With support for Ethernet and Wi-Fi connectivity, it allows for remote debugging and power-efficient design optimization. MPLAB ICE 4 integrates seamlessly with the latest MPLAB X IDE v6.00, making it a vital tool for engineers aiming for rapid development.
Microchip Technology Inc. (Nasdaq: MCHP) has announced a collaboration with Mersen to launch a 150 kVA three-phase silicon carbide Power Stack Reference Design. This solution aims to enhance performance and cost efficiency in e-mobility and renewable energy systems. By integrating Microchip’s silicon carbide power modules and Mersen’s components, the design offers a rapid development cycle, reducing time to market by up to six months. It features a peak efficiency of 98% and a power density of 16 kW/l, promising improved reliability and reduced downtime for customers.
Microchip Technology announced it will present at the UBS Global TMT Conference on December 7, 2021, at 2:00 p.m. ET. Executives Ganesh Moorthy and Eric Bjornholt will represent the company. A live webcast will be available on Microchip's website. The company emphasizes its leadership in embedded control solutions for various markets, serving over 120,500 customers globally. Interested parties can find additional information in the company's SEC filings or on their website.
Microchip Technology (NASDAQ:MCHP) announced its participation in the Raymond James Annual Technology Conference on December 7, 2021, at 1:20 p.m. ET. The presentation will be led by Eric Bjornholt, Senior Vice President and CFO. Investors can access a live webcast on Microchip's website. The company provides smart, connected, and secure embedded control solutions, serving over 120,500 customers across various sectors including industrial and automotive. For additional information, visit www.microchip.com.
Microchip Technology Inc. (Nasdaq: MCHP) has expanded its Gallium Nitride (GaN) RF power device portfolio with new MMICs and discrete transistors operating up to 20 GHz. These devices deliver high power-added efficiency (PAE) and linearity for applications in 5G, satellite communications, and defense. Key features include RF output power up to 100W with efficiency rates reaching 70%. The portfolio supports various frequency ranges and includes over 50 devices designed for advanced modulation techniques. These products are now available for volume production.
Microchip Technology will present at the 5th Annual Virtual Wells Fargo TMT Summit on December 1, 2021, at 2:40 p.m. Eastern Time. The presentation will be led by Eric Bjornholt, the Senior Vice President and CFO. Investors can access a live webcast on Microchip's website. Any forward-looking statements made during the event are accompanied by risk discussions in SEC filings, which can be accessed for free. Microchip Technology, headquartered in Chandler, Arizona, offers smart, connected embedded control solutions to over 120,500 customers across multiple sectors.
Microchip Technology has introduced the maXTouch MXT1296M1T, a touchscreen controller tailored for the automotive sector. This product features flexible RF emission control and supports ISO 26262 functional safety. It allows up to 5:1 aspect ratio reconfiguration, minimizing the need for costly controllers. The dual communication capabilities reduce latency and enhance user experience. With embedded safety features, it simplifies compliance with ASIL-B standards. The product is in volume production, with safety manuals expected in Q1 2022.
Microchip Technology announced its participation in the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 1:20 p.m. (MT). The presentation will be delivered by Mr. Ganesh Moorthy, President and CEO. A live webcast will be accessible via the company’s website. Microchip, headquartered in Chandler, Arizona, is a key provider of embedded control solutions and serves over 120,000 customers across various sectors, including industrial and automotive. For further details, visit www.microchip.com.
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