Morgan Stanley analyst Craig Hettenbach noted he is getting more questions on the broader cyclical effects that lead time extensions are having on semiconductor demand. His recent checks and survey work point to steady order trends, but there are some "yellow flags" to watch when assessing cyclical risk, said the analyst, who would add to positions in Analog Devices (ADI), TE Connectivity (TEL) and Microchip (MCHP) and recommends taking profits in Maxim Integrated (MXIM) and Cypress Semiconductor (CY). He keeps Overweight ratings on the first three stocks and Underweight ratings on Maxim and Cypress.

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.