Microchip Technology is expected to report strong Q2 earnings with EPS of $0.70 and revenue around $1.46 billion, a 35% increase year-over-year. This growth is driven by high demand from AI and data center markets. The company is enhancing its AI capabilities through collaborations with Micron and acquiring Hailo to strengthen its position in edge AI processors. These moves position Microchip well against competitors and support continued profit growth through better factory utilization and cost control.
The global Gate Driver Integrated Circuit (IC) market is projected to grow from USD 1.76 billion in 2025 to USD 2.91 billion by 2035, at a CAGR of 5.19%. Growth is fueled by rising electric vehicle adoption, renewable energy infrastructure, and advan...
Microchip Technology and Micron Technology demonstrated a high-performance PCIe Gen 6 storage architecture combining Microchip’s Switchtec Gen 6 PCIe switches with Micron 9650 NVMe SSDs. This setup delivers increased bandwidth, lower latency, and sca...
