Microchip Technology Inc. (MCHP)
PolarFire® SoC FPGAs Achieve AEC-Q100 Qualification
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.
Microchip Technology Announces Pricing of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock
CHANDLER, Ariz., March 21, 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 pricing of its previously announced underwritten public offering of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued 7.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“preferred stock”) at a public offering price of $50.00 per depositary share (the “offering”). Microchip granted the underwriters in the offering a 13-day option to purchase up to an additional $135 million of depositary shares, solely to cover over-allotments, if any, at the public offering price less the underwriting discount. The offering is expected to close on March 25, 2025, subject to customary closing conditions.
Microchip Technology shares fall after $1.35 billion convertible stock offering plan announced
Shares of Microchip Technology fell more than 3% on Wednesday after the chipmaker announced plans to raise capital by offering $1.35 billion of convertible stock.
Microchip Technology Announces Launch of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock
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”), of the Company. Microchip expects to grant the underwriters of the offering a 13-day option to purchase up to an additional $135 million of depositary shares, solely to cover over-allotments, if any. Microchip intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below. If the underwriters exercise their option to purchase additional depositary shares, Microchip expects to use a portion of the net proceeds from the sale of such additional depositary shares to enter into additional capped call transactions. Microchip intends to use the remaining net proceeds to repay existing debt, including notes outstanding under its commercial paper program.
Entry-Level Microcontrollers Reduce System Cost and Complexity in Safety-Critical Applications
CHANDLER, 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).
Microchip Introduces Electric Two-Wheeler Ecosystem to Accelerate E-Mobility Innovation
Scalable and flexible solutions to design diverse models of e-scooters and e-bikes Scalable and flexible solutions to design diverse models of e-scooters and e-bikes
Microchip Technology Unveils 32-bit MCU Family with Integrated High-Performance Analog Peripherals
CHANDLER, Ariz., March 11, 2025 (GLOBE NEWSWIRE) -- To address the increasing demand for high-performance, math-intensive applications in a wide range of industries, Microchip Technology (Nasdaq: MCHP) has released the PIC32A family of MCUs.
Microchip Technology Releases Versatile MPLAB® PICkit™ Basic Debugger
CHANDLER, Ariz., March 05, 2025 (GLOBE NEWSWIRE) -- To make its robust programming and debugging capabilities accessible to a wider range of engineers, Microchip Technology (Nasdaq: MCHP) has launched the MPLAB® PICkit™ Basic in-circuit debugger to be a cost-effective, powerful solution for engineers at various levels.
Microchip Technology to Present at the Raymond James 46áµ—Ę° Annual Investors Conference
CHANDLER, Ariz., March 03, 2025 (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 Raymond James 46ᵗʰ Annual Investors Conference on Wednesday, March 5, 2025 at 9:50 a.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Raymond James, and can be accessed on the Microchip website at www.microchip.com.
Microchip Technology Incorporated (MCHP) Morgan Stanley Technology, Media & Telcom Conference (Transcript)
Microchip Technology Incorporated (NASDAQ:MCHP ) Morgan Stanley Technology, Media & Telcom Conference March 3, 2025 12:15 PM ET Company Participants Steve Sanghi - CEO Eric Bjornholt - CFO Conference Call Participants Joe Moore - Morgan Stanley Joe Moore Good morning everybody. Got a full house, so I think we're a little bit early.
Microchip Technology Incorporated (MCHP) Business Update Call (Transcript)
Microchip Technology Incorporated (NASDAQ:MCHP ) Business Update Call March 3, 2025 9:00 AM ET Company Participants Steve Sanghi - Chief Executive Officer Eric Bjornholt - Chief Financial Officer Rich Simoncic - Chief Operating Officer Conference Call Participants Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Tore Svanberg - Stifel William Stein - Truist Joshua Buchalter - TD Cowen Harlan Sur - JPMorgan Joe Moore - Morgan Stanley Christopher Rolland - Susquehanna Financial Craig Ellis - B. Riley Securities Vijay Rakesh - Mizuho Securities David O'Connor - BNP Paribas Operator Greetings, and welcome to Microchip's business update call.
Microchip Technology to lay off 2,000 employees
Chipmaker Microchip Technology said on Monday it will cut its workforce by about 2,000 employees as it restructures its business.
