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 announced its participation in the KeyBanc Capital Markets Future of Technology Virtual Conference on August 11, 2020, at 1:20 p.m. ET. CEO Steve Sanghi and CFO Eric Bjornholt will present, with a live webcast available on Microchip's website. The company emphasizes its role as a leader in smart, connected, and secure embedded control solutions, serving over 120,000 customers in various sectors, including industrial and automotive.
For more details, visit www.microchip.com.
Microchip Technology Incorporated will present at the J.P. Morgan Virtual Auto Conference on August 12, 2020, at 3:00 p.m. ET. The presentation will feature Mr. Ganesh Moorthy, President and COO, and Mr. Eric Bjornholt, CFO. A live webcast is accessible on the Microchip website. The company, based in Chandler, Arizona, specializes in smart, connected and secure embedded control solutions, serving over 120,000 customers across various sectors.
Microchip Technology has introduced the Flashtec NVMe 3108 PCIe Gen 4 SSD controller, designed to support modern data center needs for AI and ML workloads. This 8-channel controller complements existing solutions, offering over one million IOPS and 6 GB/s sequential bandwidth, enhancing data integrity and security with features like secure boot. The controller's programmability allows for tailored SSD applications, making it suitable for a range of data center operations. Availability for sampling is now open to qualified customers.
Microchip Technology has announced that its SyncServer S650 M-Code time server has received approval from the U.S. Air Force GPS Directorate for military use. This server supports critical Department of Defense applications by providing secure, encrypted GPS signals in hostile environments, a requirement mandated by Congress. Features include enhanced anti-jamming capabilities and multiple output signal configurations, making it suitable for synchronization in military communications and networks. The SyncServer S650 is available for orders now.
Microchip Technology announced the LAN8770, an automotive Ethernet PHY meeting the OPEN Alliance TC10 sleep standard, with the lowest sleep current of under 15 µA. This transceiver, ideal for space-constrained applications, supports 100 Mbps over a single Unshielded Twisted Pair (UTP) and meets stringent automotive requirements. It is AEC-Q100 qualified, ensuring reliability in harsh environments. Additional features include EtherGREEN technology for energy efficiency, integrated diagnostics, and support for various interfaces, catering to the increasing demand for efficient automotive networking.
Microchip Technology has launched the MXT288UD touch controller family, designed to enhance automotive user experience with advanced touch functionality in vehicles, motorcycles, and e-bikes. These controllers are the industry’s smallest automotive-grade options, featuring low power modes, weatherproof design, and glove touch detection. The compact 7x7 mm size allows a 75% reduction in board space and significant cost savings. The devices are AEC-Q100 qualified and support multi-finger detection through various overlay materials, making them suitable for diverse environments and applications.
Microchip Technology Inc. (Nasdaq: MCHP) announced a significant software update for its BlueSky GNSS Firewall, enhancing resilience against GPS vulnerabilities for critical infrastructure systems. The BlueSky GNSS Firewall Software Release 2.0 features real-time analysis capabilities to detect jamming and spoofing, improving GPS signal reception security. Developed following participation in DHS-hosted testing events, this update addresses evolving needs and integrates with the TimePictra management software for monitoring GNSS signals globally. This release is part of a subscription service, vital for maintaining uninterrupted service in key sectors.
Microchip Technology Inc. has launched the Adaptec SmartRAID 3100E series RAID adapters aimed at providing entry-level hardware RAID solutions with enhanced performance. These adapters increase performance by over 60% compared to previous models while offering 40% lower power consumption. The SmartRAID 3100E is designed for enterprise applications and supports a built-in DRAM cache for faster processing. The new devices, 3102E-8i and 3101E-4i, are now available for purchase, catering to data reliability and performance needs.
Microchip Technology has announced an expansion of its Transient Voltage Suppressor (TVS) diode family, launching the MDA3KP series, which includes over 25 products with diverse features tailored for critical systems in aviation, space, and data centers. This new family, compliant with MIL-PRF-19500 JANTX standards, offers high reliability and protection against electrical overstress. The MDA3KP series simplifies design needs by integrating multiple diodes into a compact format, enhancing board space efficiency and supporting higher power densities in harsh environments.
Microchip Technology (NASDAQ: MCHP) will present at the B of A Securities 2020 Global Technology Virtual Conference on June 3, 2020, at 1:45 p.m. Pacific Time. CEO Steve Sanghi and CFO Eric Bjornholt will speak during the session. The presentation will be accessible via a live webcast on the Microchip website. The Company emphasizes its commitment to innovation in embedded control solutions, servicing over 120,000 customers across various sectors.
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