CHANDLER, Ariz., June 26, 2024 (GLOBE NEWSWIRE) -- One of Microchip's Guiding Values is "Professional Ethics and Social Responsibility Are Practiced," which means that the company manages its business and treats its customers, employees, shareholders, investors, suppliers, channel partners, community and government in a manner that exemplifies honesty, ethics and integrity. To demonstrate its commitment to this value and to provide transparency to its employees, customers and all other stakeholders, Microch ...

CHANDLER, Ariz., June 25, 2024 (GLOBE NEWSWIRE) -- Leveraging the versatility of Microsoft® Visual Studio® Code (VS Code®), Microchip Technology (NASDAQ:MCHP) has released an early access version of MPLAB® Extensions for VS Code. This launch provides embedded designers with tools to import projects from MPLAB X Integrated Development Environment (IDE) to VS Code while still accessing Microchip's debugging and programming support. This initiative is part of Microchip's long-term strategy to expand its offeri ...

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 ...