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Microchip Technology, Inc. - MCHP STOCK NEWS

Welcome to our dedicated news page for Microchip Technology (Ticker: MCHP), a resource for investors and traders seeking the latest updates and insights on Microchip Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Microchip Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Microchip Technology's position in the market.

News
Microchip Introduces Industry’s Most Complete Solution for 800G Active Electrical Cables (AECs) Used for Generative AI Networks
Rhea-AI Summary
Microchip Technology Inc. (MCHP) announces the META-DX2C 800G retimer, a solution to address the demand for high-speed connections in backend data center networks and applications. The retimer is supported by a comprehensive solution for 800G AEC product development, including a hardware reference design and complete Common Management Interface Specification (CMIS) software package.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
AI
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News
Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
Rhea-AI Summary
Microchip Technology Incorporated reported net sales of $2.254 billion for the three months ended September 30, 2023. This represents a 1.5% sequential decrease and an 8.7% increase from the year ago quarter. Gross profit was 67.8% on a GAAP basis and 68.1% on a non-GAAP basis. Operating income was $885.0 million, or 39.3% of net sales, on a GAAP basis and $1.085 billion, or 48.1% of net sales, on a non-GAAP basis. Net income was $666.6 million, or $1.21 per diluted share, on a GAAP basis and $889.3 million, or $1.62 per diluted share, on a non-GAAP basis. The company returned $562.5 million to shareholders in the quarter through dividends and stock buybacks. A record quarterly dividend of 43.9 cents per share was declared for the December quarter, representing a 33.8% increase from the year ago quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
earnings
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News
Microchip Technology Increases Quarterly Cash Dividend 33.8% Year-Over-Year to 43.9 Cents Per Share
Rhea-AI Summary
Microchip Technology Incorporated announced a quarterly cash dividend of 43.9 cents per share on its common stock. The dividend is payable on December 6, 2023, to stockholders of record on November 22, 2023. Microchip has been paying dividends for 85 consecutive quarters and has increased its dividend 79 times since its inception.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
dividends
News
Microchip’s Detroit Automotive Technology Center is the Destination for Automotive Clients  
Rhea-AI Summary
Microchip Technology announces the expansion of its Detroit Automotive Technology Center in Novi, Michigan. The 24,000-square-foot facility includes new high-voltage and E-Mobility labs and technical training rooms. Microchip has more than doubled its lab space and brings more technology-related jobs to the region. The center aims to provide automotive clients with access to state-of-the-art resources and support for their designs. It is located in the heart of the automotive industry, making it easily accessible for OEMs with design challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
none
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News
New 32-Bit MCU Features an Embedded Hardware Security Module to Safeguard Industrial and Consumer Applications
Rhea-AI Summary
Microchip Technology announces new family of PIC32CZ CA 32-bit microcontrollers with integrated Hardware Security Module (HSM)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
none
-
News
Microchip’s Radiation-Tolerant (RT) PolarFire® FPGA Achieves QML Class Q Qualification
Rhea-AI Summary
Microchip's RT PolarFire FPGA receives QML Class Q qualification for space program designs, reducing engineering expenses and BOM costs. Offers expanded logic density and high performance. No configuration SEUs in radiation. Milestone qualification provides added confidence. QML Class Q qualification paves the way for QML Class V qualification. Microchip has a comprehensive space product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
none
News
Microchip FPGAs Speed Intelligent Edge Designs and Reduce Development Cost and Risk with Tailored PolarFire® FPGA and SoC Solution Stacks
Rhea-AI Summary
Microchip Technology Inc. adds nine new technology- and application-specific solution stacks to its collection of mid-range FPGA and SoC support, making it easier to create industrial and communications designs. The intelligent edge focus is gaining traction due to PolarFire FPGA's power efficiency, security, and reliability. Customers praise PolarFire FPGAs for their small footprint, energy efficiency, and ability to bring the latest vision technology to market quickly. Microchip also offers tailored solution stacks for specific technologies and vertical-market requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
none
-
News
GlobalFoundries® and Microchip Announce Microchip’s 28-nm SuperFlash® Embedded Flash Memory Solution in Production
Rhea-AI Summary
GlobalFoundries and Microchip Technology announce the release of the SST ESF3 third-generation embedded SuperFlash technology NVM solution in the GF 28SLPe foundry process. The implementation delivers low-cost 28-nm HKMG ESF3 solution with competitive bit cell size, operating temperature rating, fast read access times, and endurance exceeding 100,000 program/erase cycles. This solution is ideal for advanced MCUs, smart cards, and IoT chips. GF establishes a new industry benchmark for implementing SST's ESF3 SuperFlash technology and aims to offer the broadest range of embedded NVM solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
-
News
Microchip Introduces Industry’s First Low Pin Count MCU Family With I3C Support
Rhea-AI Summary
Microchip Technology releases PIC18-Q20 family of microcontrollers with Improved Inter Integrated Circuit (I3C) integration and Multi-Voltage I/O (MVIO), providing a compact solution for real-time control and connectivity applications. The MCUs offer configurable peripherals and easy connection across multiple voltage domains without external components. I3C functionality offers higher communication rates and lower power consumption compared to I2C. The PIC18-Q20 MCUs are well suited for automotive, industrial control, computing, consumer, IoT, and medical applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
none
News
Ease of Design for OEMs to Connect Automotive Devices with New 10BASE-T1S Ethernet Solutions
Rhea-AI Summary
Microchip announces new LAN8650/1 MAC-PHY devices for automotive applications, enabling low-speed devices to connect to Ethernet networks
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
Stock MCHP logo
Microchip Technology, Inc.

Nasdaq:MCHP

MCHP Rankings

#253 Ranked by Market Cap
#1009 Ranked by Stock Gains
#1419 Ranked by Dividends

MCHP Stock Data

46.28B
528.58M
2.08%
95.7%
4.83%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Chandler

About MCHP

microchip technology inc. (nasdaq: mchp) is a leading provider of microcontroller, mixed-signal, analog and flash-ip solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. microchip serves over 70,000 customers in more than 65 countries who are designing high-volume embedded control applications in the consumer, automotive, office-automation, communications and industrial-control markets worldwide. headquartered in chandler, arizona, microchip offers outstanding technical support along with dependable delivery and quality.