Core Viewpoint - Microchip (MCHP) shares have underperformed significantly in 2023, with a decline of 32.8%, compared to the broader semiconductor industry and technology sector [1] Group 1: Company Performance - MCHP shares have lagged behind industry peers such as Analog Devices (ADI), Semtec Corporation (SMTC), and MACOM Technology Solutions (MTSI), which have seen declines of 18.7%, 26.6%, and 58.8% respectively [2][1] - The company is facing challenges due to broad-based weakness across multiple product lines, including microcontrollers, analog, and FPGAs, and is navigating a significant inventory correction post-COVID [3] Group 2: Product Developments and Strategic Focus - Microchip has announced advancements in its product portfolio, including a radiation-hardened power MOSFET family that meets JANSF qualification for space applications, enhancing its position in the defense and aerospace sectors [4] - The launch of the BR235 and BR235D series of power relays designed for mission-critical applications reinforces the company's commitment to military and space sectors [5] - The PolarFire SoC FPGAs have earned AEC-Q100 qualification for automotive applications, marking a significant step in Microchip's automotive strategy [6] - The MCP16701 PMIC is aimed at high-performance applications such as AI and data centers, addressing the demand for advanced power management solutions [7] - Microchip's diverse and expanding portfolio is positioned to capitalize on high-growth industries, including automotive, aerospace, and power management, with innovative product developments being a key catalyst [8] Group 3: Financial Outlook - For the fourth quarter of fiscal 2025, Microchip's non-GAAP earnings per share are expected to be between 5 cents and 15 cents, with a Zacks Consensus Estimate of 10 cents per share, indicating an 82.5% year-over-year decline [9] - Projected revenues for the same quarter are between $920 million and $1 billion, with a Zacks Consensus Estimate of $961.07 million, suggesting a decline of 27.51% year over year [9]

Group 1 - The company focuses on closed-end funds, monitoring them for directional and arbitrage opportunities due to market price deviations [1] - Timing is emphasized as crucial for trades involving closed-end funds, indicating the need for early access and discussions [1] Group 2 - The article presents an IPO analysis of a new fixed-income security after its initial trading days, highlighting the company's analytical approach [2]

Designed for extreme environments and conditions, radiation-hardened MOSFETs are available from 100 Krad to 300 Krad Total Ionizing DoseCHANDLER, Ariz., April 17, 2025 (GLOBE NEWSWIRE) -- The JANS qualification represents the highest level of screening and acceptance requirements, ensuring the superior performance, quality and reliability of discrete semiconductors for aerospace, defense and spaceflight applications. Microchip Technology (Nasdaq: MCHP) today announces its completion of its family of radiati ...

The 25A QPL electromechanical power relays meet the requirements of MIL-PRF-83536 specification and ISO- 9001 certification CHANDLER, Ariz., April 15, 2025 (GLOBE NEWSWIRE) -- As a leading supplier to the aerospace and defense market, Microchip is committed to providing innovative and robust products that are designed for mission-critical performance in the most demanding environments. Microchip Technology (Nasdaq: MCHP) today announces the release of its BR235 and BR235D series of 25A QPL hermetically seal ...

CHANDLER, Ariz., April 10, 2025 (GLOBE NEWSWIRE) -- The rapid integration of AI into industrial, computing and data center applications is fueling a growing demand for more efficient and advanced power management solutions. Microchip Technology (NASDAQ:MCHP) today announces the MCP16701, a Power Management Integrated Circuit (PMIC) designed to meet the needs of high-performance MPU and FPGA designers. The MCP16701 integrates eight 1.5A buck converters that can be paralleled, four 300 mA internal Low Dropout ...

United Airlines planes land and prepare to take off at Newark Liberty International Airport in Newark, New Jersey, , U.S., January 27, 2025.The moves came alongside a roaring rally in stocks after Trump temporarily dropped the highest new tariff rates on most U.S. imports to 10% for 90 days, while raising those imposed on Chinese imports to 125%, "effective immediately."In afternoon trading, the Atlanta-based airline and the semiconductor manufacturer soared 26.9% and 26.8%, respectively, from the session l ...

Company Overview - Microchip Technology Inc. is a globally recognized semiconductor company specializing in integrated control, connectivity, and communication solutions [1] - The company was founded in 1989 and emerged from a division of General Instrument, initially focusing on the development of microcontrollers [1] Industry Insights - The semiconductor industry is critical for various technological advancements, with companies like Microchip Technology playing a significant role in providing essential components for integrated systems [1]

CHANDLER, Ariz., March 24, 2025 (GLOBE NEWSWIRE) -- Microchip Technology's (NASDAQ:MCHP) PolarFire® System on Chip (SoC) FPGAs have earned the Automotive Electronics Council (AEC)-Q100 qualification. The AEC-Q standards are a guideline for integrated circuits, using stress tests to measure the reliability of electronic components in vehicles. AEC-Q100 qualified devices have gone through rigorous testing to demonstrate they can withstand extreme conditions in automotive applications. The PolarFire SoC FPGA h ...

Core Viewpoint - Microchip Technology Incorporated announced a public offering of $1.35 billion of depositary shares representing a 1/20th interest in newly issued 7.50% Series A Mandatory Convertible Preferred Stock at a price of $50.00 per depositary share, with the offering expected to close on March 25, 2025 [1][2] Group 1: Offering Details - The net proceeds from the offering are expected to be approximately $1.32 billion, which will be used to pay for capped call transactions and to repay existing debt [2] - Microchip has granted underwriters a 13-day option to purchase an additional $135 million of depositary shares to cover over-allotments [1] - The preferred stock will accumulate dividends at a rate of 7.50% per annum, payable quarterly starting June 15, 2025, until March 15, 2028 [4] Group 2: Conversion and Rights - Each share of preferred stock will automatically convert into between 16.0060 and 19.6080 shares of common stock by March 15, 2028, with corresponding adjustments based on stock price [4] - Holders of depositary shares will have proportional rights in terms of conversion, dividends, liquidation, and voting rights [4] Group 3: Capped Call Transactions - Microchip entered into capped call transactions to reduce potential dilution from the conversion of preferred stock, with a cap price representing a 40% premium over the last reported sale price of common stock [4] - The capped call transactions are expected to cover the number of shares underlying the preferred stock sold in the offering [4] Group 4: Underwriters and Advisors - J.P. Morgan, BofA Securities, and BNP Paribas are acting as lead joint bookrunning managers for the offering, while J. Wood Capital Advisors serves as Microchip's financial advisor [3]

CHANDLER, Ariz., March 20, 2025 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (“Fab 2”) located in Tempe, Arizona. This decision is part of Microchip's previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability. The Fab 2 site, which includes installed and operational semiconductor equipment, will be market ...