MCHP News and Press, Microchip Technology Incorporated From 07/24/23

2023-07-24 12:01:35 ET Summary The stock prices of Nvidia and Microchip Technology have shown some correlation, with the latter benefiting from the popularization of Generative AI tools like ChatGPT. The use of Generative AI is expected to result in productivity gains of 24% in th...

2023-07-22 09:00:00 ET Summary This monthly series of articles focuses on DGI stocks that are likely to provide a high rate of dividend growth rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from...

CHANDLER, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- Automotive designers are looking to replace legacy gateway subsystems with technology that can migrate applications to an Ethernet network to easily access information from the edge to the cloud. To provide OEMs with automotive-qualified Ethernet...

2023-07-12 14:12:16 ET Semiconductor stocks were largely in the green on Wednesday, aided in part by a large investment by sector giant Nvidia ( NASDAQ: NVDA ) and acquisition approval for Broadcom ( NASDAQ: AVGO ). Nvidia ( NVDA ) shares rose 3% after the compan...

2023-07-11 08:46:36 ET KeyBanc Capital Markets quarterly supply chain findings for Asia suggested that China demand continues to be consistently weak, but AI data center demand have been shining. KeyBanc analysts noted that their quarterly supply chain findings are mixed but g...

2023-07-10 04:08:21 ET Summary AI hype cycles regularly occur since the 1950s, often overestimating AI's potential. Yet they still push this multi-generational project forward. The latest hype cycle, fueled by generative AI, has led to increased investment and demand for Nvidia's ...

2023-07-07 10:48:04 ET Global semiconductor industry sales for May fell 21.1% year-over-year to $40.7 billion. Sales rose 1.7% month-over-month, according to The Semiconductor Industry Association (SIA). Region wise Y/Y sales: Europe +5.9%, Japan -5.5%, the Americas -22.6%, Asi...

2023-07-06 06:25:12 ET The China economic slowdown is becoming an increasing concern for money managers. A recent Bloomberg survey of 17 strategists and fund managers saw lower expectations of gains in Asian equities due to worries about China's economic outlook, along with fading chanc...

2023-07-06 00:23:31 ET Summary Semis look poised for continued gains in Q3 after the rally continued in Q2, but there were several changes worth noting. The rally in semis is increasingly being driven by AI after other tailwinds lost strength, which could become problematic if AI ...

2023-07-05 09:06:02 ET A number of semiconductor companies are at risk after China decided to impose new export controls on gallium and germanium, two rare elements used to make semiconductors, investment firm Wells Fargo said, including Wolfspeed ( NYSE: WOLF ) and Qorvo ( NA...