Microchip Technology Inc - MCHP STOCK NEWS

Microchip Technology has announced the launch of its SuperFlash memBrain™ neuromorphic memory solution, designed to enhance the WITINMEM neural processing System on Chip (SoC). This collaboration aims to address the challenges in AI speech processing at the edge by combining computation and storage capabilities. The SoC is optimized for low power consumption, enabling real-time speech recognition and noise reduction. The technology promises 10-20 times lower power consumption than traditional approaches, with potential market launch of related products throughout 2022.

Microchip Technology has launched the Switchtec™ Gen 4 PCIe switches, specifically designed for Advanced Driver-Assistance Systems (ADAS). These switches offer low-latency, low-power, and high-performance connectivity, making them crucial for next-generation autonomous driving applications. The new product is automotive-qualified and supports real-time safety-critical data processing. The solutions are now available in production, reflecting years of collaboration with key partners like NVIDIA.

Microchip Technology reported record net sales of $1.758 billion for Q3 FY2022, a 30% year-over-year increase. The company achieved a gross margin of 65.6% and operating income of $515 million. Non-GAAP EPS reached $1.20, outperforming guidance. Cash flow from operations was $853.4 million, with $362.7 million in debt paid down this quarter. A quarterly dividend of 25.3 cents per share was declared, a 9.1% sequential increase. Guidance for Q4 anticipates a 2% to 5% net sales growth sequentially, driven by strong backlog despite supply challenges.

Microchip Technology Incorporated (NASDAQ: MCHP) announced a quarterly cash dividend of 25.3 cents per share, payable on March 8, 2022, to stockholders of record by February 22, 2022. This marks a 9.1% increase from the previous dividend of 23.2 cents. The company has raised its dividend 69 times since initiating payments in the third quarter of fiscal year 2003, reflecting confidence in its cash generation and commitment to returning capital to shareholders.

Microchip Technology has launched the LAN9668x family of Ethernet switches, enhancing industrial network communication by enabling a single network architecture. These devices, together with the new LAN8814 PHY, offer reduced system costs and risks for designers while accelerating time to market. Designed for Time Sensitive Networking (TSN), the LAN9668 and LAN8814 support key IEEE standards, improving latency and clock accuracy. They are available in volume with starting prices of $16.14 and $6.43, respectively.

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.