35 Chip Stocks In Focus Amid Tech Selloff

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24. Microchip Technology Incorporated (NASDAQ:MCHP)

Number of Hedge Fund Holders: 37 

Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. In the earnings of the fourth quarter of 2024, the company reported a GAAP gross profit of 59.6%, reflecting efficiency in generating profit after direct costs, with an operating income of $253.5 million. In January, the firm announced its second-generation Low-Noise Chip-Scale Atomic Clock. The product features a lower profile and a wider temperature range, providing low-phase noise and stability in demanding conditions. This device enables customers to achieve superior signal clarity and atomic-level accuracy while also benefiting from reduced design complexity and lower power consumption.

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