In addition, businesses are focused on moving AI software from data centers to PCs and using innovative packaging methods. And with AI phones, PCs and wearable gadgets, semiconductor demand is set for longterm increase. Micron Technology (NASDAQ:MU) shares are up 59% this year. But the target price of $168.88 suggests a further 29% upside. Among the primary forces driving the market are the great need for artificial intelligence (AI) chips, increasing smartphone sales and slowing down IC design inventory lo ...

Microchip Technology (MCHP) recently announced the launch of its PIC64 portfolio, catering to the increasing demands for power efficiency, hardware-level security and high reliability in real-time, computeintensive applications such as smart embedded vision and Machine Learning (ML). With the recent launch, Microchip underscores its commitment to providing comprehensive embedded solutions, encompassing a full spectrum of 8,16,32, and 64-bit microcontrollers (MCUs) and MPUs, ensuring faster design, debugging ...

CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- The world has changed dramatically in the two decades since the debut of what was then considered a trail-blazing space-grade processor used in NASA missions such as the comet-chasing Deep Impact spacecraft and Mars Curiosity rover vehicle. A report released by the World Economic Forum estimated that the space hardware and the space service industry is set to grow at a CAGR of 7% from 2023's $330 billion dollars to $755 billion dollars by 2035. To support a ...

"Microchip is a leader in 8- 16- and 32-bit embedded solutions and, as the market evolves, so must our product lines. The addition of our 64-bit MPU portfolio allows us to offer low-, mid- and high-range compute processing solutions," said Ganesh Moorthy, CEO and President of Microchip Technology. "The PIC64GX MPU is the first of several 64-bit MPUs designed to support the intelligent edge and address a broad range of performance requirements across all market segments." The PIC64GX family boasts pin-compat ...

The intelligent edge often requires 64-bit heterogenous compute solutions with asymmetric processing to run Linux®, real-time operating systems and bare metal in a single processor cluster with secure boot capabilities. Microchip's PIC64GX family manages mid-range intelligent edge compute requirements using a 64-bit RISCV® quad-core processor with Asymmetric Multiprocessing (AMP) and deterministic latencies. The PIC64GX MPU is the first RISC-V® multi-core solution that is AMP capable for mixed-criticality s ...

CHANDLER, Ariz., June 26, 2024 (GLOBE NEWSWIRE) -- One of Microchip's Guiding Values is "Professional Ethics and Social Responsibility Are Practiced," which means that the company manages its business and treats its customers, employees, shareholders, investors, suppliers, channel partners, community and government in a manner that exemplifies honesty, ethics and integrity. To demonstrate its commitment to this value and to provide transparency to its employees, customers and all other stakeholders, Microch ...

CHANDLER, Ariz., June 25, 2024 (GLOBE NEWSWIRE) -- Leveraging the versatility of Microsoft® Visual Studio® Code (VS Code®), Microchip Technology (NASDAQ:MCHP) has released an early access version of MPLAB® Extensions for VS Code. This launch provides embedded designers with tools to import projects from MPLAB X Integrated Development Environment (IDE) to VS Code while still accessing Microchip's debugging and programming support. This initiative is part of Microchip's long-term strategy to expand its offeri ...

Expanding MCHP's Trust Portfolio platform has been noteworthy. In fourth-quarter fiscal 2024, Microchip expanded its TrustFLEX family with CEC1736 real-time platform root of trust devices, offering simplified enablement from concept to production across diverse applications using the Trust Platform Design Suite tool. Microchip's Strong Portfolio Aids Prospect Zacks Rank & Stocks to Consider The transistors include compliance with MIL-STD-750, Test Method 1019, and various specifications such as MIL-PRF-1950 ...

CHANDLER, Ariz., June 10, 2024 (GLOBE NEWSWIRE) -- The market for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) continues to grow as the push towards decarbonization requires sustainable solutions to reduce emissions. A critical application for EVs is the on-board charger, which converts AC power into DC power to recharge the vehicle's high-voltage battery. Microchip Technology (Nasdaq: MCHP) today announces an On-Board Charger (OBC) solution that uses a selection of its auto ...

A month has gone by since the last earnings report for Microchip Technology (MCHP) . Shares have added about 2.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Microchip Tech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Microchip Q4 Earnings Meet Estimates, ...