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) delivers embedded control solutions powering industries from automotive systems to industrial automation. This dedicated news hub provides investors with verified updates directly from the semiconductor leader.
Access official press releases, financial disclosures, and strategic announcements in one centralized location. Stay informed about quarterly earnings, product innovations, and partnership developments shaping MCHP's position in the $600B semiconductor market.
Our curated feed includes updates on microcontroller advancements, analog solutions, and secure connectivity technologies. Monitor critical milestones like R&D breakthroughs, manufacturing expansions, and industry certifications that demonstrate technical leadership.
Bookmark this page for streamlined tracking of Microchip Technology's operational and financial trajectory. Combine real-time updates with historical context to analyze MCHP's market performance and strategic direction.
Microchip Technology (NASDAQ: MCHP) announced its financial results for the first quarter of Fiscal Year 2025, showing net sales of $1.241 billion, a 6.4% sequential decline and 45.8% drop from the previous year.
On a GAAP basis, the company reported a gross profit margin of 59.4%, operating income of $219.1 million, net income of $129.3 million, and EPS of $0.24. Non-GAAP figures included a gross profit margin of 59.9%, operating income of $390.5 million, net income of $289.9 million, and EPS of $0.53.
Microchip returned $315.3 million to shareholders through dividends and stock repurchases and declared a record quarterly dividend of 45.4 cents per share, a 10.7% increase year-over-year. Despite macroeconomic challenges and inventory corrections, the company remains optimistic about long-term growth driven by its diverse portfolio and strategic cost management.
Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). These DSCs feature a 32-bit CPU architecture with a 200 MHz operating speed, a Double-Precision Floating-Point Unit (DP FPU), and DSP instructions for complex control algorithms. Key features include:
- Improved math and data processing
- Higher code efficiency
- Faster context switching and reduced latency
- Enhanced peripherals for motor control and digital power conversion
- Integrated analog peripherals and Core Independent Peripherals (CIPs)
- Flash security capabilities
The first family, dsPIC33AK128MC1xx, includes 128 KB Flash and various package options. Pricing starts at less than $1 USD in high volumes.
Microchip Technology has launched the PIC64 High-Performance Spaceflight Computing (PIC64-HPSC) microprocessors, targeting NASA and the defense and commercial aerospace sectors. The new MPUs, featuring RISC-V CPUs with vector-processing extensions, cater to AI/ML applications and boast a range of unprecedented capabilities for space applications, including 64-bit architecture, high-speed network connectivity, low-latency data transfers, and platform-level security.
Microchip is also building a partner ecosystem to speed up system development, including Single-Board Computers and software partnerships. The PIC64-HPSC family supports various autonomous space missions, addressing the unique needs of both deep-space and Low Earth Orbit (LEO) operations with radiation and fault tolerance capabilities.
The space hardware and services market, estimated by the World Economic Forum to grow at a 7% CAGR, is forecast to reach $755 billion by 2035, underlining the significance of Microchip's new offerings in this expanding sector.
Microchip Technology (Nasdaq: MCHP) has launched its new PIC64 portfolio, starting with the PIC64GX MPU, a 64-bit RISC-V quad-core processor. This processor is designed for real-time, compute-intensive applications such as smart embedded vision and Machine Learning (ML).
The PIC64GX targets a wide range of markets including industrial, automotive, communications, IoT, aerospace, and defense. It features Asymmetric Multiprocessing (AMP) and deterministic latencies, aimed at enhancing intelligent edge designs. Additionally, the portfolio includes the PIC64 High-Performance Spaceflight Computing (HPSC) family, which promises over 100 times the compute performance for aerospace and defense applications.
Microchip's comprehensive ecosystem of tools and software supports these new products, facilitating quicker design, development, and validation processes. The PIC64GX Curiosity Evaluation Kit is now available for designers to start evaluations.
Microchip Technology (Nasdaq: MCHP) has published its 2023 Sustainability Report, highlighting its commitment to environmental stewardship and social responsibility. The report outlines Microchip's efforts in five key areas: Our Company, Our Planet, Our Supply Chain, Our Products, and Our People.
Key achievements include a pledge to reduce Scope 1 and 2 GHG emissions by 50% by 2030 and achieve Net Zero by 2040, the completion of a 3.8 MW floating solar farm in Thailand, and initiatives to foster a diverse and inclusive workplace. Additionally, the company has been recognized by Newsweek and Forbes/Statista for its responsible and female-friendly practices.
Microchip's sustainability efforts are driven by its Sustainability Megatrend team, which focuses on innovative solutions to reduce power consumption, increase efficiency, and minimize waste. The full report is available on Microchip's Corporate Responsibility website.
Microchip Technology has launched an early access version of MPLAB Extensions for VS Code, allowing embedded designers to use their development tools within the popular IDE. This initiative aims to integrate MPLAB X IDE's capabilities with VS Code's flexibility, enabling smoother project imports and debugging. The early access release includes functionalities such as project import, compilation, programming, and basic debugging. Future updates will enhance features, including the introduction of MPLAB Code Configurator and a Machine Learning Development Suite extension. The extensions are free, with some advanced features requiring a subscription license.
Microchip has announced the qualification of its small-signal bipolar junction transistors to Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) requirements, including MIL-STD-750, Test Method 1019. This ensures they meet high-reliability standards for critical applications in military and aerospace sectors. The transistors, part of the Joint Army Navy (JAN) designation system, can withstand radiation exposure from 30 Krad to 100 Krad. Microchip's facilities in Ennis, Ireland, and Lawrence, Massachusetts, conduct rigorous testing to certify these components. The company's extensive 60-year legacy in aerospace and defense includes a broad portfolio of high-reliability solutions, serving approximately 123,000 customers.
Microchip Technology announces a comprehensive On-Board Charger (OBC) solution for electric vehicles, integrating advanced digital, analog, connectivity, and power devices. Key components include the dsPIC33C Digital Signal Controller (DSC), MCP14C1 isolated SiC gate driver, and mSiC MOSFETs, designed to enhance efficiency and reliability. The solution simplifies the supply chain and accelerates system development with ready-to-use software modules and flexibility for customization. Additionally, Microchip offers a suite of supportive technologies, including communication interfaces, sensors, memory, and timing solutions. The components are now available, supported by the MPLAB development ecosystem.
Microchip Technology (NASDAQ:MCHP), a leader in embedded control solutions, will present at the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, at 9:45 a.m. ET.
CEO Ganesh Moorthy and Head of Investor Relations Sajid Daudi will represent the company. The presentation will be webcast live and accessible via Microchip's website.
Microchip Technology (NASDAQ:MCHP), a major provider of smart, connected, and secure embedded control solutions, will present at the Bank of America Global Technology Conference on June 5, 2024, at 2:40 p.m. (Pacific Time). Senior Vice President and CFO Eric Bjornholt will lead the presentation. The event will be webcast live on the Microchip website.
