KeyBanc analyst Michael McConnell downgraded Microsemi (MSCC) to Sector Weight citing the pending acquisition by Microchip (MCHP). The analyst does not anticipate competing offers or regulatory hurdles for the deal. He sees a bidding war for the company as unlikely.

The aviation industry's requirements for the latest, most efficient and lowest-emission aircraft is propelled by an overarching goal towards sustainability and decarbonization. To satisfy these goals, aviation power systems developers are transitioning to electric actuation systems as the trend towards More Electric Aircraft continues to grow. To provide the aviation industry with a comprehensive electric actuation solution, Microchip Technology announces a new integrated actuation power solution that combines companion gate driver boards with our expansive Hybrid Power Drive modules in silicon carbide or silicon technology with a power range of 5 kVA to 20 kVA.