Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology (NASDAQ:MCHP) will present at the 2020 Wells Fargo TMT Summit on December 2, 2020, at 12:00 p.m. Eastern Time. The presentation will feature Steve Sanghi, CEO, and Eric Bjornholt, CFO. A live webcast will be available on the Microchip website. Microchip, based in Chandler, Arizona, provides smart, connected, and secure embedded control solutions across various markets, including industrial, automotive, and aerospace, serving over 120,000 customers. The company emphasizes quality and technical support.

Microchip Technology announced its participation in the 2020 Wells Fargo TMT Summit on December 2, 2020, at 9:20 a.m. Eastern Time. CEO Steve Sanghi and CFO Eric Bjornholt will present, with a live webcast accessible via the Microchip website. The company specializes in smart and secure embedded control solutions, catering to over 120,000 customers across various sectors, including industrial and automotive. They emphasize reduced risk and lower system costs through their development tools. For more details, visit www.microchip.com.

Microchip Technology, a leader in smart, connected embedded control solutions, will present at the 43rd Nasdaq Investor Conference on December 3, 2020, at 8:00 a.m. Eastern Time. Mr. Eric Bjornholt, Senior Vice President and CFO, will lead the presentation. A live webcast will be available on the Microchip website. The company emphasizes that any forward-looking statements are subject to risks outlined in SEC filings, accessible for free on the SEC's website. Microchip serves over 120,000 customers across various sectors, offering reliable technical support and quality solutions.

Microchip Technology announced its participation at the Credit Suisse 24th Annual Tech Conference on December 1, 2020, at 8:00 a.m. ET. The presentation will feature CEO Steve Sanghi, President Ganesh Moorthy, and CFO Eric Bjornholt. A live webcast will be accessible via the Microchip website. The company is recognized for its embedded control solutions serving over 120,000 customers across various industries, including automotive and aerospace. For more details, visit www.microchip.com.

Microchip Technology has initiated privately negotiated exchange agreements with holders of its Convertible Senior Notes totaling approximately $90 million (2025 Notes), $532.3 million (2027 Notes), and $407.7 million (2037 Notes). In return, Microchip will issue $609 million in 0.125% Convertible Subordinated Notes due 2024, alongside cash and shares of common stock. The transactions are expected to close by December 1, 2020, and aim to mitigate dilution risks through capped call transactions. $222.4 million of 2025 Notes and $512 million of 2027 Notes will remain outstanding post-transaction.

Microchip Technology Inc. has launched the PIC18 Q84 microcontroller family, enhancing automotive applications with high-speed data transfer capabilities via a Controller Area Network Flexible Data-Rate (CAN FD) bus. This MCU family reduces costs and time by eliminating the need for gateways and complex network switching. It features Core Independent Peripherals (CIPs) that support a variety of tasks without CPU intervention, ensuring quick sensor data transmission. The PIC18 Q84 family is available from $0.78 in volume production starting November 2020.

Microchip Technology has launched the MXT336UD-MAUHA1 family of capacitive touchscreen controllers, pre-certified for IEC/UL 60730 Class B safety standards. These controllers integrate essential safety features, allowing OEMs to eliminate separate emergency stop buttons on touch-enabled appliances. With models catering to screen sizes from 2 to 8 inches, the MXT336UD-MAUHA1 family ensures reliable performance in challenging environments. Priced starting at $1.82 in bulk orders, this innovation promises to enhance safety while reducing costs and time to market.

Microchip Technology Inc. has introduced the TrustAnchor100 (TA100), a cryptographic device designed to enhance automotive network security. This innovation simplifies the process for OEMs and module suppliers to meet new cybersecurity regulations, thus reducing costs and time to market. The TA100 supports critical security functions including secure boot and message authentication, and has already received approval from multiple OEMs. Priced at $1.50 in 10,000-unit quantities, the device is also AEC-Q100 Automotive Grade-1 qualified, ensuring high reliability.

Microchip Technology has introduced the XpressConnect family of low-latency retimers, enhancing PCI Express (PCIe) 5.0 and Compute Express Link (CXL) capabilities. These devices triple the reach of PCIe Gen 5 electrical signals while maintaining over 80% lower latency than the PCIe standard, reaching less than 10 nanoseconds. Targeted at data center applications like AI and ML, XpressConnect supports multiple lane configurations and features for improved compatibility and performance. Sampling is underway, with collaboration alongside Intel to expedite market entry.