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Fly News Breaks for January 7, 2020
MCHP
Jan 7, 2020 | 07:57 EDT
Wells Fargo analyst Gary Mobley raised his price target for Microchip to $120 from $115 on the company's upward revision of revenue expectations. The analyst sees more evidence of an upturn in the semi cycle with Microchip now expecting a 5%-plus quarter over quarter comp in Q4 based on building backlog and broad-based bookings strength quarter to date. Mobley reiterates an Overweight rating on the shares.
News For MCHP From the Last 2 Days
MCHP
May 1, 2024 | 08:46 EDT
Developers of spacecraft electronics utilize radiation-tolerant field programmable gate arrays to ensure high performance, reliability, power-efficiency and the best-in-class security for emerging space domain threats. To take it a step further and help provide fast, cost-effective software customization, Microchip Technology has introduced the RT PolarFire system-on-chip FPGA. Developed on Microchip's RT PolarFire FPGA, it is the first real-time Linux capable, RISC-V-based microprocessor subsystem on a flight-proven RT PolarFire FPGA fabric. With today's announcement, developers can now start designing using the commercially available PolarFire SoC device and Libero SoC development tools. Along with Microchip's extensive Mi-V ecosystem, PolarFire SoC solution stacks, the PolarFire SoC Icicle Kit or the PolarFire SoC Smart Embedded Vision Kit, developing lower power solutions for the challenging thermal environments seen in space can happen today.