MCHP

CHANDLER, Ariz. and SAITAMA, Japan, Sept.

Microchip's expanding portfolio targets edge AI, data centers and aerospace, with total system solutions broadening its silicon reach.

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LRCX looks like the better chip-stock buy, supported by AI-driven growth, strong earnings momentum, recurring services and a robust balance sheet.

MCHP's AI and data-center growth prospects support its recovery, but supply constraints, competition and valuation may limit near-term upside.

Former Microchip COO brings 35 years of semiconductor scaling experience as Menlo Micro expands commercial adoption across AI infrastructure and high-growth markets Former Microchip COO brings 35 years of semiconductor scaling experience as Menlo Micro expands commercial adoption across AI infrastructure and high-growth markets

Microchip Technology NASDAQ: MCHP held its 2026 annual meeting of stockholders virtually on Aug. 18, with shareholders approving all four proposals presented by the company, including the election of seven directors and an increase in shares available under its equity incentive plan.

CHANDLER, Ariz., Aug. 13, 2026 (GLOBE NEWSWIRE) -- The growing New Space market is fueling demand for smaller, less expensive space hardware to support short-duration missions for applications such as satellite-to-cellular communications, alternative navigation and Earth imaging.

JPM and MCHP made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 13, 2026.

MCHP sees a broadening demand recovery, rising data center sales and another September step-up, even as external supply constraints tighten.