Microchip Technology Inc. reports developments in embedded-control semiconductors, including microcontrollers, digital signal controllers, analog and connectivity devices, security controllers, and timing systems. Its updates frequently cover products for industrial, automotive, consumer, aerospace and defense, communications, computing, data center, 5G, and infrastructure applications.
Recurring news themes include quarterly financial results, common-stock dividends, new MCU and dsPIC controller families, Single Pair Ethernet PHY transceivers, post-quantum-ready root-of-trust and secure-boot devices, and frequency and time systems such as hydrogen masers and plug-in timing modules. Company announcements also address manufacturing capacity, design tools, software support, and technical features used in secure, connected, and time-sensitive electronic systems.
Microchip Technology (MCHP) has launched the MPLAB® AI Coding Assistant, a free Microsoft VS Code extension designed to enhance software development efficiency. The tool, based on the Continue open-source AI code assistant, features Microchip's AI chatbot for real-time support and includes advanced autocomplete capabilities, error detection, and integrated access to Microchip documentation.
The assistant's unique sidebar chat feature can deliver block diagrams within the VS Code interface, distinguishing it from other code assistants. While the basic version is free, some advanced features require a subscription license. The company will showcase the tool at Embedded World (March 11-13, 2025).
Microchip Technology (NASDAQ: MCHP) has declared a quarterly cash dividend of 45.5 cents per share, payable on March 7, 2025, to stockholders of record on February 24, 2025. The company has maintained a consistent dividend payment history since initiating quarterly payments in the third quarter of fiscal year 2003, having increased its dividend 83 times since then.
The company serves approximately 112,000 customers across industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Based in Chandler, Arizona, Microchip specializes in providing smart, connected, and secure embedded control solutions, offering development tools and a comprehensive product portfolio focused on reducing system costs and time to market.
Microchip Technology (MCHP) reported Q3 FY2025 results with net sales of $1.026 billion, showing a decline of 11.8% sequentially and 41.9% year-over-year. The company posted a GAAP net loss of $53.6 million ($0.10 per share), compared to net income of $419.2 million ($0.77 per share) in the year-ago quarter.
Non-GAAP net income was $107.3 million ($0.20 per share), down from $592.7 million ($1.08 per share) year-over-year. Gross profit margins were 54.7% (GAAP) and 55.4% (non-GAAP). The company returned $244.6 million to stockholders through dividends and declared a quarterly dividend of 45.5 cents per share, up 1.1% year-over-year.
Management noted high inventory levels at 266 days and initiated restructuring efforts, including manufacturing footprint adjustments and channel strategy changes. The company provided Q4 FY2025 guidance with net sales between $920.0 million to $1.000 billion, maintaining a cautious outlook.
Microchip Technology has announced the appointment of Victor Peng to its Board of Directors, effective February 10, 2024. Peng, the former President of Advanced Micro Devices (AMD), brings over 40 years of industry experience to the role. His extensive background includes serving as president, CEO, and board member at Xilinx for 14 years (2008-2022) before joining AMD, where he worked until his retirement in 2024.
Peng currently serves on the board of KLA since February 2019. Microchip's President and CEO, Steve Sanghi, highlighted Peng's valuable experience in technology, strategy, and operations, particularly noting his knowledge of the semiconductor industry as an asset to the board.
Microchip Technology (MCHP) has unveiled its second-generation Low-Noise Chip-Scale Atomic Clock (LN-CSAC), model SA65-LN, featuring a reduced profile height of less than ½ inch while maintaining power consumption below 295 mW. The device combines crystal oscillator and atomic clock capabilities in a single compact unit, operating within a temperature range of -40°C to +80°C.
The new LN-CSAC offers low-phase noise at 10 Hz -120 dBc/Hz and Allan Deviation stability <1E-11 at 1-second averaging time. It provides initial accuracy of ±0.5 ppb, frequency drift performance of <0.9 ppb/mo, and maximum temperature-induced errors of < ±0.3ppb. The device is specifically designed for aerospace and defense applications, including mobile radar, dismounted radios, IED jamming systems, autonomous sensor networks, and unmanned vehicles.
Microchip Technology (MCHP) has announced sample availability of its new PCI100x family of Switchtec PCIe Gen 4.0 switches. The family includes the PCI1005, a packet switch expanding a single host PCIe port to six endpoints, and the PCI1003, enabling multi-host connectivity through Non-Transparent Bridging.
The switches operate at up to 16GT/s and feature Automatic Error Reporting, Downstream Port Containment, and Completion Timeout Synthesis. Available in commercial (0°C to +70°C), industrial (−40°C to +85°C), and Automotive Grade 2 (−40°C to +105°C) temperature ranges, the PCI1005 is priced at $43 per unit in 1,000-unit quantities for the commercial variant.
Microchip Technology (MCHP) has launched the MTCH2120, a 12-button touch controller designed to upgrade from mechanical buttons to touch interfaces. This water-tolerant device features low-power capabilities, noise immunity, and integrates with Microchip's unified ecosystem for streamlined development.
Key features include the Easy Tune automatic sensitivity adjustment, MPLAB Harmony Host Code Configurator plug-in, design validation via MPLAB Data Visualizer, and I2C port expander capabilities. The MTCH2120 is the first in a series of I2C-based touch controllers, following the recently released MTCH1010, MTCH1030, and MTCH1060 models with GPIO interface.
Microchip Technology (MCHP) has launched the ATA650x CAN FD System Basis Chips (SBCs), featuring an integrated high-speed CAN FD transceiver and 5V Low-Drop Voltage Regulator. The new chips come in compact 8-, 10- and 14-pin packages with footprints as small as 2mm × 3mm, supporting data rates up to 5 Mbps.
Key features include low power consumption with 15 μA typical sleep current, VCC supply voltage control, and comprehensive safety features including fail-safe protection and diagnostic functions. The chips are AEC-Q100 Grade 0 qualified, operating from −40°C to +150°C, and are Functional Safety ready for ISO 26262 certification.
Microchip Technology (MCHP) has launched new PolarFire® FPGA and SoC solution stacks for smart robotics and medical imaging applications. These stacks expand upon existing smart embedded vision and industrial edge solutions, featuring firmware and IP cores for AI-assisted 4K60 computer vision, sensor interfaces, and high-speed Ethernet protocols.
The solution includes ROS-2 compatible cores for robotics, industrial networking protocols, and comprehensive software development kits. The stacks integrate with Microchip's power-efficient PolarFire FPGAs and SoC FPGAs, offering cyber security protections and IEC61503 SIL 3 functional safety certification through the Libero® SoC Design Suite.
A key implementation includes the recently announced PolarFire FPGA Ethernet Sensor Bridge, compatible with NVIDIA® Holoscan platform, enabling edge-to-cloud applications and AI/ML inferencing in medical, industrial, and automotive markets.
Microchip Technology has revised its December 2024 quarter revenue guidance downward to approximately $1.025 billion, citing slower-than-anticipated turns orders. The company announced plans to shut down its Tempe Fab 2 facility by September 2025, expecting annual cash savings of $90 million. The closure's P&L savings are anticipated to begin in June 2026, with restructuring costs estimated between $3-8 million initially, and potential additional costs up to $15 million. The company plans to transfer production to its Oregon and Colorado facilities, which have sufficient expansion capacity. This restructuring aims to address high inventory levels, with inventory moderation expected to begin in March 2025.