Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology, a leader in embedded control solutions, will present at the Citi 2021 Global Technology Virtual Conference on September 14, 2021, at 1:50 p.m. ET. The presentation will feature Steve Sanghi, Executive Chair, and Eric Bjornholt, CFO. Interested parties can access the live webcast via Microchip's website. The company serves over 120,000 customers in various markets, including industrial and automotive. Forward-looking statements during the presentation will be guided by risks outlined in SEC filings, available on the SEC's website.

Microchip Technology has launched the META-DX2L, a compact 1.6T low-power PHY solution enabling routers, switches, and line cards to double bandwidth to 112G PAM4 interface rates. This development addresses the demand for higher bandwidth and port density in data centers driven by 5G, cloud services, and AI applications. The META-DX2L reduces power per port by 35% compared to its predecessor, supporting Ethernet rates from 1 to 800 GbE. Initial sampling is expected in Q4 2021, enhancing design reuse across various applications.

Microchip Technology, listed on NASDAQ as MCHP, announced an Analyst and Investor Day on November 8, 2021, from 1:00 p.m. to 5:00 p.m. EST. The event will cover Microchip’s growth strategies, manufacturing plans, and corporate responsibility. Excitingly, the meeting will feature key executives including CEO Ganesh Moorthy and CFO Eric Bjornholt. This event will be held in New York City with an option for virtual attendance if needed due to Covid-19. Webcast details and presentation materials will be available on Microchip’s website.

Microchip Technology, a leader in embedded control solutions, announced a 2-for-1 stock split effective for stockholders of record after the market closes on October 4, 2021. This split aims to enhance trading liquidity and make shares more appealing to retail investors. Shareholders will receive one additional share for each share held on October 12, 2021. The adjusted shares and per-share price will be reported by Nasdaq on October 13, 2021.

Microchip Technology (NASDAQ: MCHP) announced that it will present at the BMO 2021 Technology Summit on August 25, 2021, at 9:00 a.m. Pacific Time. The presentation will feature Mr. Ganesh Moorthy, President and CEO, along with Mr. Eric Bjornholt, CFO. A live webcast will be available on Microchip's website. The company, known for its smart, connected, and secure embedded control solutions, serves over 120,000 customers across various industries. For more details, visit www.microchip.com.

Microchip Technology announced its presentation at the BMO 2021 Technology Summit on August 25, 2021, at 9:00 a.m. (ET). President and CEO Ganesh Moorthy and CFO Eric Bjornholt will represent the company. A live webcast will be available on the Microchip website. Investors are reminded that forward-looking statements are subject to risks outlined in the company's SEC filings, accessible at the SEC website. Based in Chandler, Arizona, Microchip provides embedded control solutions to over 120,000 customers across various markets.

Microchip Technology will host its Annual Shareholders’ Meeting on August 24, 2021, at 9:00 a.m. PT. The event will be accessible via webcast on their website, www.microchip.com, with a replay available for 14 days. The meeting will focus solely on official business and will not include an investor presentation. Attendees in person must wear masks and follow social distancing guidelines, regardless of vaccination status. Relevant COVID-19 health questions will be required before entry. Forward-looking statements will reference risks disclosed in SEC filings, accessible via the SEC's website.

Microchip Technology announced exchange agreements for its Convertible Senior Subordinated Notes, involving approximately 2.7 million shares of common stock and $266 million in cash. This exchange is for $70.4 million of 2025 Notes, $100.7 million of 2027 Notes, and $92.5 million of 2037 Notes. The actual cash and stock amounts may vary based on stock price fluctuations. The exchanges are set to close around August 17, 2021, and will be funded through borrowings and existing cash. The shares will be issued under the Securities Act exemption.

Microchip Technology introduces new low-density PolarFire FPGAs and SoCs, cutting static power consumption by up to 50%, establishing them as the most power-efficient devices in their class. These innovations eliminate the need for additional thermal management while providing high performance. The new devices are ideal for applications demanding low-power, compact solutions such as automotive, industrial, and IoT systems. Volume shipments are anticipated in the first quarter of 2022, enhancing Microchip's offerings in the embedded control solutions market.