Microchip Technology Inc. (MCHP), a leading specialized semiconductor company, announced the expansion of its 8-bit PIC microcontroller (MCU) portfolio on Nov 20, 2014. The company introduced new peripheral-rich, low-pin reckoning MCUs to fuel its innovation-based organic growth trajectory in the upcoming quarters.
Benefits of the New MCU’s
Development of new MCUs or the PIC16(L)F161X family will broaden the Core Independent Peripherals mix of Microchip Technology. The company has supported the PIC16(L)F161X family with its own rare developmental tools. These MCUs contain closed-loop digital technology and facilitate execution of variable functions such as safety monitoring or motor controlling.
Furthermore, it will help designers create customizable application-based functions and hence, curtail their code development activities. Also, the company has claimed that the PIC16(L)F161X family will reduce power consumption, lower interrupt latency and augment safety as well as efficiency of systems. These hardware-based peripherals will help in reducing the time-consuming core intensive CPU functions, thus making way for other productive tasks using less memory and power.
Moving Forward
Microchip Technology is one of the leading Flash-IP solution, mixed signal and microcontroller provider in the contemporary technology market. The company enjoys a strong goodwill in the semiconductor industry and owns a wide network of business internationalization process. The new invention is expected to improve both the tangible and intangible resource base of the company in the near future.
However, with the new developments yet to bear fruit, Microchip Technology currently carries a Zacks Rank #4 (Sell) and has a market capitalization of $8.67 billion. Some better-ranked stocks in the industry include Montage Technology Group Limited (MONT), Inphi Corporation (IPHI) and AAC Technologies Holdings Inc. (AACAY). While Montage Technology sports a Zacks Rank #1 (Strong Buy), both Inphi Corporation and AAC Technologies hold a Zacks Rank #2 (Buy).
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