Microchip (MCHP) Bolsters Edge AI With Neuronix Acquisition

Zacks04-16

Microchip Technology MCHP recently increased its expertise in power-efficient, AI-enabled edge solutions with the acquisition of Neuronix AI Labs.MCHP aims to improve its offerings for field ...

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Moreover, the acquisition enables c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0444971666.USD":"天利全球科技基金","BK4543":"AI","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4550":"红杉资本持仓","NVDA":"英伟达","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BSY":"Bentley Systems, Inc.","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4231":"零售房地产信托","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4512":"苹果概念","RTL":"The Necessity Retail REIT, Inc.","NTAP":"美国网存","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4549":"软银资本持仓","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU0056508442.USD":"贝莱德世界科技基金A2","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","MCHP":"微芯科技","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4080":"零售业房地产投资信托","ASA":"ASA百慕大基金"},"translate_title":"微芯片（MCHP）通过Neuronix收购支持边缘人工智能","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSY":1,"ASA":1,"MCHP":1,"NVDA":1,"RTL":1,"NTAP":1},"content_text":"Microchip Technology MCHP recently increased its expertise in power-efficient, AI-enabled edge solutions with the acquisition of Neuronix AI Labs.MCHP aims to improve its offerings for field programmable gate arrays (FPGAs) by leveraging Neuronix’s neural network sparsity optimization technology, notably its mid-range PolarFire FPGAs and SOCs, renowned for their low-power consumption, reliability and security.The acquisition positions Microchip to build cost-effective, large-scale edge deployments tailored for computer vision applications while addressing constraints in costs, size, and power.The integration of Neuronix AI’s intellectual property with Microchips' existing compilers and software design kits promises to simplify the implementation of AI/ML algorithms on customizable FPGA logic without the need for resistor transition level (RTL) FPGA design expertise.\n\nMicrochip Technology Incorporated Price and Consensus\n\nMicrochip Technology Incorporated price-consensus-chart | Microchip Technology Incorporated Quote\n\n\nMoreover, the acquisition enables convolutional neural networks (CNNs) updates and upgrades without the need for hardware reprogramming, simplifying the deployments and maintenance of AI-driven solutions for a broader range of users.\nMicrochip Benefits from a Strong Portfolio\nMCHP’s acquisition of Neuronix AI Labs aims to bolster its power-efficient, AI-enabled edge solutions on FPGA platforms, catering to growing demands for cost-effective, large-scale deployments in computer vision applications.In the third quarter of fiscal 2024, MCHP achieved Qualified Manufacturers List (QML) Class Q certifications for radiation-tolerant PolarFire FPGAs, which provide high density and performance for space applications with low-power consumption and immunity to configuration upsets.Acquisitions have been a key catalyst in boosting MCHP’s overall portfolio. It recently completed the acquisition of VSI Co. Ltd., strengthening its position in providing high-speed, asymmetric camera, sensor and display connectivity for in-vehicle networking, aligning with Automotive SerDes Alliance (ASA) open standard to meet the growing demand for next-generation vehicles.MCHP is also riding on consistent strength in its microcontroller business. It has recently announced the launch of the AVR DU family of microcontrollers, offering enhanced USB connectivity, power delivery, security features and cost-saving benefits for embedded designs.Microchip also introduced the AVR EB family of microcontrollers to mitigate noise, vibration, and system harness in BLDC motor applications, providing a smaller, more cost-effective solution for sophisticated waveform control and increased efficiency.Despite MCHP’s robust portfolio, persistent inflationary pressures and high-interest rates have resulted in a weak macro environment.Microchip expects net sales to be $1.225-$1.425 billion for the fourth quarter of fiscal 2024. Non-GAAP earnings are anticipated between 46 cents per share and 68 cents. The Zacks Consensus Estimate for revenues is pegged at $1.33 billion, indicating a 40.57% year-over-year decline.The consensus mark for earnings is pegged at 57 cents per share, suggesting a 65.24% year-over-year decline.\nZacks Rank & Stocks to Consider\nMicrochip currently has a Zacks Rank #5 (Strong Sell).MCHP’s shares have dropped 5% year to date against the Zacks Computer & Technology sector's rise of 11.1%.Some better-ranked stocks in the broader technology sector are NetApp NTAP, Bentley Systems BSY and NVIDIA NVDA, each sporting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.NetApp shares have gained 16.1% in the year-to-date period. NTAP’s long-term earnings growth rate is currently projected at 8.79%.Bentley Systems shares have declined 8.9% in the year-to-date period. BSY's long-term earnings growth rate is currently projected at 12%.NVIDIA shares have gained 73.1% in the year-to-date period. NVDA's long-term earnings growth rate is currently projected at 30.93%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNetApp, Inc. (NTAP) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nMicrochip Technology Incorporated (MCHP) : Free Stock Analysis Report\nBentley Systems, Incorporated (BSY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428980567"}