Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology Inc. (Nasdaq: MCHP) launched its SparX-5i family of Ethernet switches, designed to optimize industrial automation networks by easing connectivity and lowering costs. These switches support key Time Sensitive Networking (TSN) IEEE standards, enabling real-time communication with low latency. The family offers up to 200G bandwidth and various interface options from 100M to 25GbE. Additionally, Microchip provides development tools, including the VSC6817SDK for efficient implementation, to support its managed Ethernet switch devices.

Microchip (Nasdaq: MCHP) has launched its Smart Storage platform featuring PCIe Gen 4 x16 CPU interfaces and support for NVMe SSDs and 24G SAS infrastructure. The SmartROC 3200 and SmartIOC 2200 controllers offer 3x higher performance compared to competitors, with support for up to 32 lanes of connectivity and 8 GB of on-board cache. These products ensure security through Trusted Platform support and optimized management tools. Available in volume production, this platform aims to meet the growing demands of modern data centers.

Microchip Technology will present at the Needham & Company 23rd Annual Growth Conference on January 12, 2021, at 11:30 a.m. Eastern Time. The presentation will feature Ganesh Moorthy, President and COO, and Eric Bjornholt, Senior VP and CFO. A live webcast will be accessible via the Microchip website.

Please note that any forward-looking statements during the event are subject to risks as detailed in the Company's SEC filings, available on the SEC website.

Microchip Technology, a leader in smart embedded control solutions, will present at the J.P. Morgan 19th Annual Tech/Auto Forum on January 12, 2021, at 7:10 a.m. PT. CEO Steve Sanghi will lead the presentation, which will be accessible via a live webcast on the company’s website. Microchip supports over 120,000 customers in various sectors including industrial, automotive, and defense, providing tools that streamline design processes and reduce costs. For more details, visit www.microchip.com.

Microchip Technology Inc. has introduced a new AC-DC controller, the MCP1012, alongside Inde-Flux™ transformer technology, licensed to Würth Elektronik eiSos. This innovation significantly simplifies offline power solutions for smart home devices, eliminating the need for a separate bias power supply. The MCP1012 allows better control over power management, enabling savings of up to 60% in bias supply area and reducing material costs by over $3. The 15W MCP1012 reference design is now available for $225, enhancing efficiency and reducing system complexity.

Microchip Technology (Nasdaq: MCHP) has announced a new radiation-tolerant 64 Megabit SuperFlash memory device, the SST38LF6401RT, designed for space applications. This device offers high reliability with Total Ionizing Dose (TID) tolerance up to 50 kilorad, making it suitable for critical software storage in space systems. It complements Microchip’s microcontrollers and FPGAs, enabling easier transitions between Commercial-Off-The-Shelf (COTS) devices and their radiation-hardened equivalents.

Microchip Technology has priced $1.4 billion in senior secured notes due February 15, 2024, with an interest rate of 0.972%. The offering will close on December 17, 2020, pending customary conditions. Proceeds will primarily be used to repay term loans under its existing credit agreement. The notes will have guarantees from certain subsidiaries and be secured by collateral. Sales are limited to qualified institutional buyers and non-U.S. persons. Forward-looking statements highlight potential risks, including market conditions and economic impacts.

Microchip Technology (NASDAQ: MCHP) has launched an offering for $1.0 billion in senior secured notes. The proceeds will primarily be used to pay down existing term loans. The notes will be backed by certain subsidiaries and secured by collateral on a first lien basis alongside existing senior credit facilities and secured notes. The offering is limited to qualified institutional buyers and is subject to market conditions. Furthermore, caution is advised as forward-looking statements may involve risks, including market uncertainties and impacts from the COVID-19 pandemic.

Microchip Technology recently announced its participation in the Raymond James Technology Investors Conference on December 9, 2020, at 3:20 p.m. (Eastern Time). Presenting for the company will be Eric Bjornholt, Senior Vice President and CFO. A live webcast will be available on the Microchip website. The company emphasizes its commitment to smart, connected, and secure embedded control solutions, serving over 120,000 customers across various sectors, including industrial and automotive. For forward-looking statements, risks are discussed in the company's SEC filings.