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CHANDLER, Ariz., July 24, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that it has signed a definitive agreement to acquire Hailo, a provider of accelerated edge AI processors, advanced vision processing solutions, robotics processors and comprehensive AI software flows. The transaction is expected to close towards the end of the current quarter ending September 30, subject to customary closing conditions and regulatory approvals. The terms of the transaction are not being disclosed and the transaction is not expected to have a material impact on Microchip's financial results.
MCHP's stronger earnings momentum, higher margins, expanding AI exposure and lower valuation make it the better semiconductor stock to buy.
California Public Employees Retirement System cut its holdings in shares of Microchip Technology Incorporated (NASDAQ: MCHP) by 2.3% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,280,223 shares of the semiconductor company's stock after selling 30,775 shares during the quarter.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Microchip Technology Incorporated (NASDAQ:MCHP) is a semiconductor stock while all the semiconductors are moving down. “I suggest that you wait a few more days until we get rid of all the margin players, and you're going to find a bottom.
South Korean authorities have conducted an on-site search and seizure at the local office of Montage Technology , in connection with a potential competition law violation, the Chinese chipmaker said in an exchange filing.
Microchip Tech (MCHP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MCHP's 35.3% YTD gain rests on inventory recovery, stronger bookings and AI data center growth, though supply chain constraints and competition remain risks.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
SEC filings for MCHP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.