Microchip Technology Inc. Stock Price, News & Analysis

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.

Microchip Technology will present at the 2020 Wells Fargo TMT Summit on December 2, 2020, at 2:00 p.m. Eastern Time. CEO Steve Sanghi and CFO Eric Bjornholt will represent the company. A live webcast of the event will be accessible on the Microchip website. The company provides embedded control solutions to over 120,000 customers across various sectors, including automotive and aerospace. Microchip emphasizes innovation in development tools and a commitment to quality and support, enhancing customer designs while reducing costs and time to market.

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.