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 (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.
Microchip Technology Inc. has launched the AVR-IoT Cellular Mini Development Board, aimed at simplifying the design of IoT devices with secure cellular connections. This board, based on the AVR128DB48 8-bit microcontroller, is suitable for connecting to 5G networks, particularly in remote areas lacking traditional connectivity.
Enhanced with security features from Microchip’s ATECC608 CryptoAuthentication technology, it offers low power consumption and is designed for various industries, including agriculture and industrial applications. Priced at $59.99, it supports Arduino compatibility.