CHANDLER, Ariz., May 22, 2024 (GLOBE NEWSWIRE) -- Critical infrastructure such as public utilities, transportation and mobile networks depend on time to synchronize their networks. The primary source of time comes from national timing systems like Global Position Satellite (GPS), but GPS signals are susceptible to jamming and spoofing attacks. To continue to provide critical infrastructure operators with a secure timing solution, Microchip Technology (Nasdaq: MCHP) today announces the release of version 2.4 ...

The growth of emerging private networks continues to increase in a variety of locations like factories, stadiums and mines. These private networks can now be synchronized with the TimeProvider 4100 series v2.4 equipped with the Time Sensitive Network (TSN) profile 802.1.AS. This functionality provides private networks with a more accurate and autonomous time system to coordinate private network Internet of Things (IoT) devices. The TimeProvider 4100 series v2.4 also implements IEEE® 1588 power profiles, whi ...

Microchip Technology (MCHP) is expanding its footprint in the aerospace and defense industry by introducing the SAMD21RT, a radiation-tolerant 32-bit microcontroller (MCU) based on the Arm Cortex-M0+ architecture. Designed to meet the stringent requirements of space missions, SAMD21RT is available in a compact 10 mm x 10 mm 64-pin ceramic and plastic package featuring 128 KB Flash and 16 KB SRAM. This high-speed microcontroller runs at up to 48 MHz and integrates multiple analog functions, including a 20- c ...

CHANDLER, Ariz., May 16, 2024 (GLOBE NEWSWIRE) -- Space exploration is experiencing a resurgence with exciting new missions like the highly anticipated Artemis II mission, the recent successful lunar landing missions such as JAXA SLIM and Chandaaryan-3, and New Space deployments in Low Earth Orbit (LEO). Designers require electronic components that meet stringent radiation and reliability standards to operate in the harsh environments found in space. Microchip Technology (NASDAQ:MCHP) today announces the SA ...

Have you looked into how Microchip Technology (MCHP) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this chipmaker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors ...

Microchip Technology (MCHP) reported fourth-quarter fiscal 2024 non-GAAP earnings of 57 cents per share, which was in line with the Zacks Consensus Estimate but declined 65.2% on a year-over-year basis.Net sales of $1.33 billion decreased 40.6% year over year and lagged the Zacks Consensus Estimate by 0.09%.Quarter in DetailSales from mixed signal microcontroller, analog and other accounted for 52.5%, 24.8% and 22.7% of net sales, respectively.Geographically, revenues from the Americas, Europe and Asia cont ...

CHANDLER, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- The Low-Earth Orbit (LEO) market is rapidly growing as private and public entities alike explore the new space region for everything from 5G communication and cube satellites to IoT applications. There is an increased demand for standard space grade solutions that are reliable, cost effective and configurable. To meet this market need, Microchip Technology (NASDAQ:MCHP) today announces a new family of Radiation-Tolerant (RT) LE50-28 isolated DC-DC 50W power ...

Greetings and welcome to the Microchip Q4 of Fiscal Year 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] I will comment on our fourth quarter and full fiscal year 2024 financial performance. Ganesh will then provide commentary on our results and discuss the current business environment as well as our guidance and Steve will provide an update on our cash return st ...

Monday, May 6th, 2024Markets start the week in the green. It’s the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow. We’re just about back to breakeven over the past month (the Nasdaq has already gotten there), which is notable considering where we were a couple weeks ago. The Dow gathered +176 points in today’s session, while the S&P gained +1.03% and the tech-heavy Nasdaq +1.19%. The small-cap Russell 2000 performed just as well: +1.16% for the day.We’re tak ...

A Leading Provider of Smart, Connected and Secure Embedded Solutions During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company (including our guidance) or future events, including our strategy, growth drivers, industry trends, our financial model, performance in industry cycles, strong cash generation, capital return strategy including debt paydown, dividend growth, and buybacks. These statements are made pu ...