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 has introduced the MCP47/48FxBx8 family of octal 12-bit Digital-to-Analog Converters (DACs), designed to enhance efficiency in portable systems. These DACs integrate nonvolatile memory and a Voltage Reference, allowing for pre-configuration and eliminating processor overhead during power-up. They operate within a voltage range of 1.8V to 5.5V, achieving low power consumption and improved thermal performance. Available now, pricing starts at $2.47 per unit for bulk orders.
Microchip Technology Inc. (Nasdaq: MCHP) has acquired Tekron International Limited, enhancing its synchronization and timing portfolio. Tekron is recognized for its high-precision GPS and atomic clock solutions utilized in power utilities globally. The strategic takeover aims to facilitate Microchip's expansion into the smart energy and industrial markets, bringing advanced time synchronization technology critical for infrastructures. The acquisition is expected to leverage Tekron's established customer base while enhancing operational efficiencies.
Microchip Technology has launched a new Ensemble Graphics Toolkit, an open-source C++ GUI development suite for its 32-bit microprocessors (MPUs) running Linux. This toolkit aims to streamline the creation of graphical user interfaces across various sectors, including industrial, medical, and automotive. With a focus on reducing development costs and time-to-market, the toolkit is optimized for low and mid-range displays, offering benefits like faster boot times and a smaller memory footprint. The toolkit is available royalty-free to all developers.
Microchip Technology Inc. has launched the Icicle Kit for its PolarFire SoC FPGA, marking the first RISC-V-based System-on-Chip (SoC) FPGA development kit. Priced at $489, this kit targets the growing need for affordable RISC-V development platforms. The Icicle Kit enables developers to utilize a variety of tools from the Mi-V RISC-V Partner Ecosystem, enhancing design deployment across multiple industries. The PolarFire SoC FPGA provides up to 50% lower power consumption compared to competitors, optimizing customization and integration for applications in IoT, industrial automation, and more.
Microchip Technology (NASDAQ: MCHP) has revised its fiscal Q2 2021 guidance, projecting consolidated net sales to decrease between 2% and 6% sequentially, maintaining a midpoint of down 4%. GAAP EPS is expected to range from $0.23 to $0.31, while non-GAAP EPS is forecasted between $1.36 and $1.46. This reflects a strengthening in bookings activity during July and August, although the data center and computing markets show signs of weakness. Conversely, automotive and industrial sectors are starting to recover. No conference call will follow this press release.
Microchip Technology announced its presentation at the Citi 2020 Global Technology Conference on September 9, 2020, at 5:10 p.m. ET. CEO Steve Sanghi and CFO Eric Bjornholt will represent the company. A live webcast will be available on the Microchip website. The company specializes in smart, connected, and secure embedded control solutions, serving over 120,000 customers across various sectors, including industrial, automotive, and aerospace. Microchip is headquartered in Chandler, Arizona, and provides comprehensive development tools and technical support.
Microchip Technology has unveiled the AgileSwitch digital programmable gate driver and SP6LI SiC power module kit, designed to streamline the adoption of Silicon Carbide (SiC) power devices in various applications. This integrated solution allows developers to save significant time by eliminating the need for separate procurement of gate drivers and power modules. The kit enhances design efficiency and optimizes performance through features like Augmented Switching technology. The pricing for the kit starts at $999.95, available for volume production and limited sampling.
Microchip Technology has launched the 25CSM04, the highest-density 4 Mbit EEPROM memory device, doubling the previous limit of 2 Mbit. Targeted at applications in consumer and industrial devices, this EEPROM offers nonvolatility, low power consumption, and byte-level control.
Performance advantages include a lower standby current of 2 µA, faster sector erasure at 5ms, and more rewrite cycles (1M). Aimed at enhancing product innovation, the 25CSM04 is priced from $2.32 in 10,000-unit quantities, bolstering Microchip’s extensive memory portfolio.
Microchip Technology announces its participation in the BMO Capital Markets Virtual Technology Summit on August 26, 2020, at 4:00 p.m. Eastern Time. CEO Steve Sanghi and CFO Eric Bjornholt will present during the event. A live webcast will be available on Microchip's website. The company emphasizes that forward-looking statements are subject to risks disclosed in SEC filings, accessible via the SEC's website. Microchip serves over 120,000 customers across various industries, providing smart, connected, and secure embedded control solutions.
Microchip Technology announced a webcast for its Annual Shareholders’ Meeting on August 18, 2020, at 9:00 a.m. PT. The meeting will be available on www.microchip.com, with a replay accessible for 14 days post-event. The company, a leader in smart embedded control solutions, serves over 120,000 customers across various sectors including industrial and automotive. It's headquartered in Chandler, Arizona, offering extensive support and a broad product portfolio. For more SEC filings, visit www.sec.gov.
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