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, ...

CHANDLER, Ariz., June 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Stifel 2024 Cross Sector Insight Conference on Wednesday, June 5, 2024 at 9:45 a.m. (Eastern Time). Presenting for the Company will be Mr. Ganesh Moorthy, Chief Executive Officer and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made av ...

The notes will be convertible at an initial conversion rate of 8.2076 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $121.84 per share, which represents a conversion premium of approximately 27.5% to the last reported sale price of $95.56 per share of the common stock on The Nasdaq Global Select Market on May 29, 2024). Prior to the close of business on the business day immediately preceding March 1, 2030, the notes will be convertible ...

In connection with the pricing of the notes, Microchip entered into privately negotiated capped call transactions with certain financial institutions (the "option counterparties"). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of common stock underlying the notes sold in the offering. The capped call transactions are generally expected to reduce potential dilution to the common stock upon any conversion of notes and/or offset any cash payments Microchip ...

CHANDLER, Ariz., May 28, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced its intention to offer, subject to market conditions and other factors, $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securiti ...

CHANDLER, Ariz., May 28, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced its intention to offer, subject to market conditions and other factors, $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securiti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to __________ Commission File Number 0-21184 MICROCHIP TECHNOLOGY INCORPORATED (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisd ...

Microchip Technology (MCHP) is expanding its footprint in the realm of critical infrastructure security with the launch of version 2.4 of the TimeProvider 4100 grandmaster firmware. The latest launch introduces an embedded BlueSky firewall function to enhance the security of time synchronization systems against potential threats like jamming and spoofing attacks on Global Positioning Satellite (GPS) signals, which serves as a primary time source in sectors such as public utilities, transportation and teleco ...