NEW YORK, July 15, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Microchip Technology Incorporated (NASDAQ: MCHP) on behalf of the company's shareholders. The investigation seeks to determine whether Microchip Technology's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Microchip Technology Incorporated and are interested in obtaining additional information regarding your rights and options, free of charge, ...

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 ...

Core Insights - The space hardware and service industry is projected to grow from $330 billion in 2023 to $755 billion by 2035, reflecting a CAGR of 7% [1] - Microchip Technology has launched the PIC64 High-Performance Spaceflight Computing microprocessors to meet the increasing computational demands of the expanding global space market [1][2] Company Developments - The PIC64-HPSC family features advanced capabilities such as a 64-bit architecture with eight SiFive RISC-V CPU cores, high-speed network connectivity, low-latency data transfers, and platform-level security [3][4] - The processors are designed for both autonomous missions and long-duration deep-space missions, with specific models tailored for different operational environments [5] - Microchip's PIC64-HPSC family aims to replace outdated space computing solutions with a scalable and high-performance platform, supported by a growing ecosystem of partners [6][10] Industry Impact - The introduction of the PIC64-HPSC is expected to significantly enhance the computational capacity for future space missions, including planetary exploration and lunar missions [7] - The ecosystem surrounding the PIC64-HPSC includes partnerships with various companies and organizations to facilitate the development of integrated solutions [10] - Microchip's comprehensive portfolio for the aerospace and defense market includes a range of processing solutions, ensuring a robust offering for various applications [9]

"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 ...

Core Viewpoint - Microchip Technology emphasizes its commitment to professional ethics and social responsibility through its 2023 Sustainability Report, which outlines its environmental and social impact initiatives [1][2]. Group 1: Sustainability Initiatives - The 2023 Sustainability Report details Microchip's ESG efforts across five tenets: Our Company, Our Planet, Our Supply Chain, Our Products, and Our People [2]. - The company aims for a 50% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030 and to achieve Net Zero by 2040 [3]. - Microchip has completed a 3.8 MW floating solar farm in Thailand and signed a 20-year Power Purchase Agreement (PPA) to source 16% of its electricity from this facility [3]. - The company applies a Supply Chain Management Approach to assess the practices and ethics of supply chain partners, ensuring transparency and minimizing risk [3]. - Microchip promotes a diverse and inclusive workplace, focusing on employee well-being and professional development [3]. - The company engages in community initiatives, including charitable donations, employee volunteer hours, and support for STEM education and the FIRST® Robotics program [3]. Group 2: Recognition and Commitment - Microchip has received recognition from various third-party publications, including being named one of "America's Most Responsible Companies" by Newsweek and a "World's Top Female-Friendly Companies" by Forbes/Statista [3]. - The company’s vision includes a commitment to ethical and responsible operations, which is reflected in its day-to-day activities and global supply chain practices [6]. - Microchip's Sustainability Megatrend team focuses on developing innovative solutions that contribute to sustainability in areas such as energy generation and sustainable urban development [11].

Core Insights - Microchip Technology has launched an early access version of MPLAB Extensions for Microsoft Visual Studio Code, allowing embedded designers to import projects from MPLAB X IDE while utilizing Microchip's debugging and programming support [1][3]. Group 1: Product Features - The MPLAB Extensions for VS Code enable developers to work within their preferred IDE while leveraging Microchip's complete device support and toolset, enhancing familiarity and functionality [2]. - This launch marks the first time MPLAB IDE software is available outside its traditional ecosystem, indicating a strategic move towards broader integration with the VS Code community [3]. - Current features include project import from MPLAB X IDE, compilation, programming, and basic debugging capabilities for supported Microchip devices, along with the MPLAB Data Visualizer for real-time device monitoring [11]. Group 2: Future Developments - Future updates will introduce MPLAB Code Configurator into VS Code for setting up preconfigured projects, as well as extensions for the MPLAB Machine Learning Development Suite and AI code-generative assistance [7]. Group 3: Availability and Support - MPLAB Extensions for VS Code are available for free, although some advanced features may require a subscription license [8]. - Microchip provides extensive technical support and aims to refine the toolset based on user feedback during the early access program [6].

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, ...