15 AI News Stories Shaking Up Wall Street

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8. Microchip Technology Incorporated (NASDAQ: MCHP)

Market Capitalization: $33.76 billion

Microchip Technology Incorporated (NASDAQ: MCHP) is a leading semiconductor supplier engaged in the development, manufacture, and sale of smart, connected, and secure embedded control solutions. Its semiconductors and solutions are essential for data centers that power AI applications

On November 12, Microchip Technology Incorporated (NASDAQ: MCHP) announced its portfolio of IGBT 7 devices, power components that offer increased power capabilities, lower power losses, and compact device sizes. The IGBT 7 modules support voltages from 1200 V to 1700 V and currents from 50 A to 900 A, and come in various configurations and topologies. The new portfolio will help to meet high-growth market segments such as sustainability, E-Mobility, and data centers.

“The versatile IGBT 7 portfolio combines ease of use and cost efficiency with higher power density and reliability, offering our customers maximum flexibility. These products are designed for general industrial applications as well as specialized aerospace and defense applications. Additionally, our power solutions can be integrated with Microchip’s broad range of FPGAs, microcontrollers (MCUs), microprocessors (MPUs), dsPiC® Digital Signal Controllers (DSCs) and analog devices to provide a comprehensive system solution from one supplier”.

– Leon Gross, corporate vice president of Microchip’s discrete product group.

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