Microchip (MCHP) Boosts Auto Connectivity With VSI Acquisition

Microchip Technology (MCHP) is expanding its footprint in the automotive technology landscape with the acquisition of VSI Co. Ltd. The Seoul, Korea-based company is a well-known provider of high-speed, asymmetric camera, sensor, and display connectivity technologies for in-vehicle networking (IVN).The acquisition aligns with the growing market projections for automotive radar cameras and LiDAR modules, which are predicted to grow more than double in revenues by 2028 and reach $27 billion, according to Yole ...