Microchip Technology Incorporated
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Track Microchip Technology Incorporated in real time with a live news feed covering Microchip Technology Incorporated stock news, official press releases, company announcements, and an archive of historical Microchip Technology Incorporated news. ...more
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12:21 PM | Friday | Jun 5, 2026
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Robotics stocks like ABB gain traction as 2026 marks a surge in AI-driven automation, new cobots and strategic deals shaping the sector's next growth wave.
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Robotics stocks like ABB gain traction as 2026 marks a surge in AI-driven automation, new cobots and strategic deals shaping the sector's next growth wave.
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Robotics stocks like ABB gain traction as 2026 marks a surge in AI-driven automation, new cobots and strategic deals shaping the sector's next growth wave.
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YEREVAN, Armenia, June 04, 2026 (GLOBE NEWSWIRE) -- Microchip Technology's (Nasdaq: MCHP) Armenian office has received approval from the U. S. Department of Commerce's Bureau of Industry and Security (BIS) for an export license authorizing the use of advanced technology under Export Control Classification Number (ECCN) 3E001 and related high‑performance hardware under ECCN 3A001.
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I rate Microchip Technology (MCHP) a Strong Buy because the business is gaining exposure to AI Infrastructure, data centers, storage, PCle, retimers, memory and industrial connectivity. My thesis is built on five growth drivers; AI & Data center infrastructure, MCU and Analog recovery, Industrial Ethernet and automotive networking, memory & FPGA Strength and utilization recovery. Together, these growth drivers support my 2028 revenue estimate of about $7.25 billion and 2028 EPS of $4.32.
Microchip Technology Incorporated (MCHP) Presents at 2026 Evercore Global TMT Conference Transcript
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Data centers are increasingly limited by data movement, not compute. XpressConnect retimers cut latency and extend reach to improve scale and efficiency.
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Five momentum stocks - MCHP, ROST, MTZ, ARW and LFUS - are poised to extend gains in June amid AI trade strength and record May market highs.
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Microchip Technology NASDAQ: MCHP executives said the company is nearing the end of a prolonged inventory correction while positioning for growth tied to data centers, aerospace and defense, automotive systems and industrial markets.
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AI-driven tech gains are lifting markets in May as CIEN, LITE, TER, MCHP and TXN ride strong demand trends.
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From a technical perspective, Microchip Technology (MCHP) is looking like an interesting pick, as it just reached a key level of support. MCHP recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
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Microchip Technology NASDAQ: MCHP is seeing a broad-based recovery in demand and expects continued margin improvement as it ramps production and works down remaining underutilization costs, Chief Financial Officer Eric Bjornholt said at JPMorgan's 54th Annual Technology and Media Communications Conference.
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