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 broadline semiconductor supplier headquartered in Chandler, Arizona, serving industrial, automotive, consumer, aerospace and defense, communications and computing markets. The news surrounding MCHP often reflects its activity in smart, connected and secure embedded control solutions, as well as power management, networking and high-reliability components.
On this page, readers can follow Microchip’s press releases and other coverage related to its semiconductor portfolio and corporate developments. Recent announcements highlight new product introductions such as PAC1711 and PAC1811 digital power monitors designed for battery-operated and energy-constrained applications, LAN866x 10BASE-T1S endpoint devices that extend Ethernet connectivity to the edge of automotive networks, and JANPTX Transient Voltage Suppressor devices qualified to military standards for aerospace and defense systems.
News items also cover Microchip’s work in secure computing and AI-related platforms, including custom firmware for the MEC1723 embedded controller tailored to NVIDIA DGX Spark personal AI supercomputers. In addition, investors can find updates on financial guidance and business conditions, such as press releases that revise expectations for quarterly net sales and earnings per share or describe the company’s recovery plans and strategic focus.
Because Microchip participates in multiple end markets, its news flow spans technology launches, automotive and networking solutions, aerospace and defense qualifications, and investor-oriented updates. This page helps readers monitor how Microchip’s semiconductor products, development tools and market commentary evolve over time, providing context for the MCHP stock story and the company’s role across its target industries.
Microchip Technology has announced the launch of the PIC32CM JH microcontroller, a cost-effective solution featuring 512KB Flash, 5V, and Dual CAN FD capabilities. This device meets ISO 26262 functional safety and ISO/SAE 21434 cybersecurity standards, crucial for automakers transitioning to automated systems. The MCU is equipped with AUTOSAR support, secure boot, and advanced safety mechanisms, facilitating compliance with industry requirements. Priced at $2.61 in 10,000-unit quantities, the PIC32CM JH is designed to offer OEMs an entry-level option with premium features previously limited to high-end devices.
Microchip Technology (NASDAQ:MCHP) will present at the Goldman Sachs 2022 Communacopia + Technology Conference on September 14 at 9:15 a.m. PT. The presentation will feature Steve Sanghi, Executive Chair, and Eric Bjornholt, Senior VP and CFO. A live webcast is accessible via the Microchip website. The company specializes in smart, connected, and secure embedded control solutions, catering to over 125,000 customers across various sectors, including automotive and aerospace. Their comprehensive product offerings aim to reduce risks and lower system costs.
Microchip Technology will present at the Citi 2022 Global Technology Conference on September 8, 2022, at 2:30 p.m. Eastern Time. The presentation will be led by Ganesh Moorthy, President and CEO, alongside Sajid Daudi, Head of Investor Relations. A live webcast will be accessible through Microchip's website. The company, headquartered in Chandler, Arizona, specializes in smart, connected, and secure embedded control solutions, serving over 125,000 customers across various sectors including industrial and automotive.
Microchip Technology announced the webcast of its Annual Meeting of Shareholders on August 23, 2022, at 9:00 a.m. PT. Attendees can access the meeting online at www.microchip.com, with a replay available for 14 days afterward. The meeting will include official shareholder business and a presentation by CEO Ganesh Moorthy. Attendees are advised to take a COVID test prior to attending in person. Forward-looking statements made during the meeting will be accompanied by risk disclosures found in SEC filings accessible at www.sec.gov.
Microchip Technology, a leader in embedded control solutions, will present at the KeyBanc 23rd Annual Vail Global Tech Leadership Forum on August 9, 2022, at 9:00 a.m. Mountain Time. Presenters include Eric Bjornholt, CFO, and Sajid Daudi, Head of Investor Relations. A live webcast will be available on the Microchip website. The company serves over 125,000 customers across various sectors, including industrial and automotive, providing cutting-edge solutions that enhance design efficiency while minimizing costs.
Microchip Technology Inc. has announced the launch of the SAM9X60D1G-SOM, a new embedded MPU system-on-module (SOM) designed to simplify product development in the growing embedded market. This ARM926EJ-S™-based module runs at speeds up to 600 MHz and features 4 Gb SLC NAND Flash. The compact design incorporates essential components, reducing logistics complexities. It is suitable for various applications, including medical and automotive systems. The SOM is priced at $42.96 in 5,000-unit quantities. Development tools are also available to support customers.
Microchip Technology reported record net sales of $1.964 billion for the June 2022 quarter, up 25.1% year-over-year. GAAP net income was $507.2 million, translating to $0.90 per diluted share. Non-GAAP net income reached $767.2 million, or $1.37 per diluted share. The company declared a quarterly dividend of 30.1 cents, a 9.1% increase sequentially. Microchip also repurchased approximately $195.2 million in stock. Despite macro uncertainties, the company expects net sales to increase 3% to 7% sequentially in the September quarter.
Microchip Technology announced a quarterly cash dividend of 30.1 cents per share, payable on September 2, 2022. This represents a significant 37.8% increase from the previous dividend of 21.85 cents in August 2021, marking 80 consecutive quarters of dividend payments. The company's strong financial performance in the June 2022 quarter supported solid cash generation and debt reduction, reflecting confidence in its ongoing commitment to returning capital to shareholders.
Microchip Technology Inc. (Nasdaq: MCHP) has launched the SMC 2000 series of Smart Memory Controllers, enhancing memory bandwidth and capacity for next-generation CPUs and SoCs. These controllers, compliant with CXL 1.1 and 2.0 standards, allow efficient utilization of DDR4 and DDR5 memory, improving data center cost-effectiveness. The SMC 2000 16x32G model supports high-capacity configurations with significant reductions in CPU pin requirements. Microchip aims to boost performance in high-demand computing environments, optimizing application workloads and ensuring robust enterprise security.
Microchip Technology has introduced the maXTouch Knob on Display (KoD) controller, a cutting-edge automotive-grade touchscreen solution integrating capacitive rotary encoders with multi-touch displays. This innovation allows designers to customize knob shapes and positions without altering touch patterns, enhancing flexibility and reducing costs. The KoD controller supports sealed Human Machine Interface (HMI) modules, improving user safety by allowing adjustments without visual distraction. Available in KD and MK variants, it caters to various design needs while expediting development with robust tools.