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 ...

Group 1: Market Reactions - United Airlines and Microchip Technology experienced significant stock price increases, with United Airlines rising 26.9% and Microchip Technology increasing by 26.8% from session lows [1] - The S&P 500 index surged by as much as 10%, while the Dow Jones Industrial Average advanced over 3,100 points (approximately 8.1%), and the Nasdaq Composite jumped as much as 12.7%, marking its second-largest gain ever [4] Group 2: Trade Policy Impact - The temporary reduction of the highest new tariff rates on most U.S. imports to 10% for 90 days, alongside an increase in tariffs on Chinese imports to 125%, has created a volatile market environment [1] - Delta Air Lines refrained from reaffirming its financial guidance for the full year due to uncertainties stemming from higher U.S. tariffs on imports [2] Group 3: Semiconductor Industry Concerns - Despite semiconductor products being excluded from the tariff increases, companies like Microchip Technology and ON Semiconductor have faced stock declines since the market peak in February, driven by fears of an economic slowdown and weakening demand for chips [3] - The market's upward movement reflects a strong desire for clarity regarding tariff policies, indicating that President Trump's efforts to engage trade counterparts may be yielding positive results [5]

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 ...

CHANDLER, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip” or the “Company”), a leading provider of smart, connected, and secure embedded control solutions, today announced the launch of an underwritten public offering (the “offering”) of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“preferred stock”), o ...

Microchip’s AVR® SD MCU family enables industry-standard functional safety compliance at a price point under a dollarCHANDLER, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- To assist engineers in meeting stringent safety requirements while minimizing design costs and complexity, Microchip Technology (Nasdaq: MCHP) has launched the AVR® SD family of microcontrollers (MCUs). The MCUs feature built-in functional safety mechanisms and are designed to support applications requiring rigorous safety assurance. Paired ...

CHANDLER, Ariz., March 17, 2025 (GLOBE NEWSWIRE) -- The electric two-wheeler market is transforming the transportation industry as consumers embrace e-scooters and e-bikes for both recreational use and daily commuting. Microchip Technology (NASDAQ:MCHP) today announces the launch of its Electric Two-Wheeler (E2W) ecosystem, a comprehensive suite of pre-validated reference designs that addresses key challenges in e-scooter and e-bike development, including power efficiency, system integration, safety and tim ...