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.
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Microchip Technology introduces a new family of Radiation-Tolerant LE50-28 isolated DC-DC 50W power converters to meet the growing demand in the Low-Earth Orbit market. These power converters offer high reliability, flexibility, and easy scalability for space applications.
Microchip Technology, a leading provider of embedded control solutions, raised its quarterly cash dividend by 18.0% year-over-year to 45.2 cents per share. The dividend is payable on June 5, 2024, to stockholders of record on May 22, 2024. This marks the 87th consecutive quarter of dividend payments for Microchip, reflecting confidence in its cash-generating ability and commitment to shareholders. Despite market dynamics, the company aims to return 100% of adjusted free cash flow to shareholders by March 2025.
Microchip Technology reported a decrease in net sales for the fourth quarter and fiscal year 2024, with GAAP net income and EPS also declining. The company returned a record amount to shareholders through dividends and share repurchases. Despite challenges, Microchip remains focused on innovation and capital return programs. The company anticipates stabilization in demand for fiscal year 2025, with a focus on achieving sequential revenue growth by the September 2024 quarter.
Cohu, Inc. (NASDAQ: COHU) has appointed Karen M. Rapp to its Board of Directors. Ms. Rapp brings extensive experience in corporate development, financial management, and information technology. With a background in leading companies like National Instruments Corp. and NXP Semiconductors N.V., her expertise will be valuable for Cohu's strategic growth.
Microchip Technology announces the opening of registration for its 24th Annual Worldwide MASTERs Conference in Scottsdale, Arizona. The conference will feature technical sessions, keynote by CEO Ganesh Moorthy, and networking opportunities. Registration pricing starts at $1,797 for 2½ days of training. The event aims to provide advanced technical learning sessions for embedded control engineers.
Microchip Technology (MCHP) introduces the RT PolarFire SoC FPGA, offering low power, zero configuration upsets, and RISC-V architecture for space applications. The device enables developers to design power-efficient solutions with real-time Linux capabilities. Microchip's Mi-V ecosystem supports the PolarFire SoC, simplifying development and reducing time to market. The RT PolarFire SoC has features like radiation tolerance, multi-core Linux processors, and memory coherence, making it ideal for space applications. The device is designed to reduce power consumption by up to 50%, enabling efficient satellite design. Microchip's comprehensive Mi-V ecosystem provides tools and resources to support RISC-V designs and aims to increase adoption of the RISC-V ISA. The RT PolarFire FPGA is QML Class Q qualified and on track for QML Class V qualification, making it suitable for space microelectronics. Microchip has a long history of powering space missions with reliable, low-power FPGAs for various space applications.
Microchip Technology (Nasdaq: MCHP) introduces the new PIC32CK 32-bit microcontrollers with integrated Hardware Security Module (HSM) and Arm Cortex-M33 core featuring TrustZone technology. This innovative solution provides high-level security for authentication, secure boot, and updates, meeting the latest cybersecurity mandates. The PIC32CK MCU family offers flexibility in security, memory, and connectivity options for various applications, supporting ISO 26262 functional safety and ISO/SAE 21434 cybersecurity standards. Microchip's ecosystem of tools and security expertise assists customers in navigating new requirements, making it cost-effective to provide hardware-based security to IoT connected devices.
