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 (Nasdaq: MCHP) has announced its AEC-Q101-qualified 700 and 1200V SiC Schottky Barrier Diode power devices aimed at enhancing the reliability of electric vehicles. As the demand for vehicle electrification grows, Microchip's innovative solutions provide significant advantages, including lower system costs and improved performance under extreme conditions. The company highlights its long-standing automotive industry experience and robust testing metrics that demonstrate superior reliability. The new devices are currently available for volume production.
Microchip Technology Inc. has launched the LX7720 radiation-hardened mixed signal motor controller, a pioneering device aimed at enhancing the reliability and efficiency of space systems by minimizing weight and board space. This advanced integrated circuit consolidates over 20 functions, reducing component count and potential failure points in satellite applications. It delivers significant radiation tolerance, and is already being utilized in various space robotics and human-rated programs. The LX7720 complements Microchip's existing product line, particularly its radiation tolerant FPGA and MCU solutions.
Microchip Technology Inc. announced the acquisition of LegUp Computing Inc., based in Toronto, enhancing its PolarFire FPGA product line with a high-level synthesis (HLS) tool. This acquisition aims to simplify programming for software engineers by allowing C/C++ applications to be directly mapped onto FPGAs, thus improving design productivity and performance. The LegUp HLS tool will be available to early access customers immediately, with a fully integrated design flow expected in the first half of 2021. This strategic move positions Microchip to better serve developers in edge compute applications.
Microchip Technology has announced the release of two new microcontroller (MCU) families, PIC18-Q41 and AVR DB, aimed at enhancing IoT applications with advanced analog capability. These MCUs integrate operational amplifiers and analog-to-digital converters, designed for cost-effective solutions in space-constrained environments. The pricing starts at $0.65 for PIC18-Q41 and $0.95 for AVR DB in 10,000-unit quantities. Supported by a unified development environment, they cater to applications in industrial, automotive, and medical devices.
Microchip Technology has launched the WFI32E01PC Trust&GO solution, an innovative Wi-Fi microcontroller module designed for secure Industrial IoT (IIoT) applications. This module features a unique verifiable identity and is pre-provisioned for cloud connectivity, enhancing security against cyber threats. It complies with various regulatory standards and integrates a powerful PIC32 MCU core. With a price starting at $8.14 for 10,000-unit quantities, the WFI32E01PC aims to simplify the development of secure IoT systems.
Microchip Technology has enhanced its motor control offering by introducing new digital signal controllers (DSCs) and microcontrollers (MCUs). This expansion aims to simplify design processes, reduce costs, and improve efficiency across various industries including automotive and medical. Key products include the dsPIC33CK64MC10x DSCs, offering advanced functionality and support for Field Oriented Control (FOC). Pricing starts at $1.13 for 10,000 units. The motorBench development suite has also been upgraded to expedite motor control design.
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.
FAQ
What is the current stock price of Microchip Technology (MCHP)?
What is the market cap of Microchip Technology (MCHP)?
What products does Microchip Technology provide?
When was Microchip Technology founded?
What industries does Microchip Technology serve?
What are some recent innovations by Microchip Technology?
Where is Microchip Technology headquartered?
How did Microchip Technology perform financially in FY2024?
What is the MASTERs Conference?
How does Microchip support outdoor payment terminals?
What is the significance of the PolarFire SoC FPGAs?
How can investors obtain more information about Microchip Technology?
