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. 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 has launched its first Arm Cortex-M4F-based PIC32CX-BZ2 MCU family, featuring integrated Bluetooth Low Energy functionality. This family addresses design complexities in wireless applications by simplifying connectivity integration. It includes System-on-Chip (SoC) devices and RF-ready modules alongside various features like a 12-bit ADC and OTA updates. Supported by the MPLAB Harmony software framework, it targets developers requiring efficient wireless solutions. The family is available now, shipping in compact QFN packages, with an emphasis on reliable, cost-effective design support.
Microchip Technology introduces the META-DX2+ Ethernet PHY family, enhancing network infrastructure with 112G PAM4 connectivity. With a capacity of 1.6T and integrated encryption, these solutions optimize bandwidth for routers and switches. The devices promise over 50% annual growth in port bandwidth due to increased demand from hybrid work and AI/ML applications. The META-DX2+ family supports a range of features, including Class C/D precision timing and offers significant board savings compared to competitors. Availability for sampling is expected in Q4 2022.
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.