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. (NASDAQ: MCHP) delivers embedded control solutions powering industries from automotive systems to industrial automation. This dedicated news hub provides investors with verified updates directly from the semiconductor leader.
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Our curated feed includes updates on microcontroller advancements, analog solutions, and secure connectivity technologies. Monitor critical milestones like R&D breakthroughs, manufacturing expansions, and industry certifications that demonstrate technical leadership.
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Microchip Technology announced the appointment of Karen Rapp to its Board of Directors, effective January 4, 2021. Rapp, currently CFO of National Instruments, brings over 30 years of technology industry experience. Alongside her, Ganesh Moorthy will also join the board, expanding it from five to seven members. Rapp expressed pride in joining Microchip, while CEO Steve Sanghi highlighted her significant leadership background in the semiconductor industry as a strong asset for the company.
Microchip Technology reported net sales of $1.31 billion for Q2 fiscal 2021, down 2.1% year-over-year and flat sequentially, in line with previous guidance. The company achieved a GAAP gross margin of 61.7%, operating income of $226.2 million, and net income of $73.6 million, equivalent to EPS of $0.27 per diluted share. Meanwhile, non-GAAP metrics showed improved performance with an EPS of $1.56, surpassing guidance by $0.15. Microchip declared a record quarterly dividend of 36.85 cents per share, reflecting strong cash flow from operations of $455.8 million.
Microchip Technology (Nasdaq: MCHP) has announced its AEC-Q101-qualified 700 and 1200V SiC Schottky Barrier Diode power devices aimed at enhancing the reliability of electric vehicles. As the demand for vehicle electrification grows, Microchip's innovative solutions provide significant advantages, including lower system costs and improved performance under extreme conditions. The company highlights its long-standing automotive industry experience and robust testing metrics that demonstrate superior reliability. The new devices are currently available for volume production.
Microchip Technology Inc. has launched the LX7720 radiation-hardened mixed signal motor controller, a pioneering device aimed at enhancing the reliability and efficiency of space systems by minimizing weight and board space. This advanced integrated circuit consolidates over 20 functions, reducing component count and potential failure points in satellite applications. It delivers significant radiation tolerance, and is already being utilized in various space robotics and human-rated programs. The LX7720 complements Microchip's existing product line, particularly its radiation tolerant FPGA and MCU solutions.
Microchip Technology Inc. announced the acquisition of LegUp Computing Inc., based in Toronto, enhancing its PolarFire FPGA product line with a high-level synthesis (HLS) tool. This acquisition aims to simplify programming for software engineers by allowing C/C++ applications to be directly mapped onto FPGAs, thus improving design productivity and performance. The LegUp HLS tool will be available to early access customers immediately, with a fully integrated design flow expected in the first half of 2021. This strategic move positions Microchip to better serve developers in edge compute applications.
Microchip Technology has announced the release of two new microcontroller (MCU) families, PIC18-Q41 and AVR DB, aimed at enhancing IoT applications with advanced analog capability. These MCUs integrate operational amplifiers and analog-to-digital converters, designed for cost-effective solutions in space-constrained environments. The pricing starts at $0.65 for PIC18-Q41 and $0.95 for AVR DB in 10,000-unit quantities. Supported by a unified development environment, they cater to applications in industrial, automotive, and medical devices.
Microchip Technology has launched the WFI32E01PC Trust&GO solution, an innovative Wi-Fi microcontroller module designed for secure Industrial IoT (IIoT) applications. This module features a unique verifiable identity and is pre-provisioned for cloud connectivity, enhancing security against cyber threats. It complies with various regulatory standards and integrates a powerful PIC32 MCU core. With a price starting at $8.14 for 10,000-unit quantities, the WFI32E01PC aims to simplify the development of secure IoT systems.
Microchip Technology has enhanced its motor control offering by introducing new digital signal controllers (DSCs) and microcontrollers (MCUs). This expansion aims to simplify design processes, reduce costs, and improve efficiency across various industries including automotive and medical. Key products include the dsPIC33CK64MC10x DSCs, offering advanced functionality and support for Field Oriented Control (FOC). Pricing starts at $1.13 for 10,000 units. The motorBench development suite has also been upgraded to expedite motor control design.
Microchip Technology has introduced the MCP47/48FxBx8 family of octal 12-bit Digital-to-Analog Converters (DACs), designed to enhance efficiency in portable systems. These DACs integrate nonvolatile memory and a Voltage Reference, allowing for pre-configuration and eliminating processor overhead during power-up. They operate within a voltage range of 1.8V to 5.5V, achieving low power consumption and improved thermal performance. Available now, pricing starts at $2.47 per unit for bulk orders.
Microchip Technology Inc. (Nasdaq: MCHP) has acquired Tekron International Limited, enhancing its synchronization and timing portfolio. Tekron is recognized for its high-precision GPS and atomic clock solutions utilized in power utilities globally. The strategic takeover aims to facilitate Microchip's expansion into the smart energy and industrial markets, bringing advanced time synchronization technology critical for infrastructures. The acquisition is expected to leverage Tekron's established customer base while enhancing operational efficiencies.