After a slight decline on Thursday, Microchip Technology’s stock saw a recovery on Friday following the announcement that its JAN transistors portfolio has been tested and qualified for Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) requirements. These military-grade transistors are designed to withstand different levels of radiation exposure and are part of the Joint Army Navy (JAN) designation system.
Microchip has dedicated fabs in Ennis, Ireland, and Lawrence, Massachusetts, with the Ennis fab being a MIL-PRF-19500 screening and reliability testing facility. The Lawrence fab is DLA Certified and capable of conducting in-house ELDRS to MIL-STD-750, Test Method 1019. These facilities enable customers to test components to the designated Radiation Hardness Assurance (RHA) level based on program requirements.
The company’s legacy in aerospace and defense spans 60 years, and it is well-positioned to benefit from the anticipated rebound in the analog industry as inventories peak and utilization decreases throughout the supply chain. Despite concerns about rising fab capacity and supply, analysts expect growth in the industry over the next several months.
Investors interested in gaining exposure to Microchip stock can consider options like Vanguard Total Stock Market ETF (VTI) and SPDR Select Sector Fund – Technology (XLK). As of the last check on Friday premarket, MCHP shares were trading higher by 2.00% at $90.80. This content was partially created with the assistance of AI tools and has been reviewed and published by Benzinga editors. Market news and data provided by Benzinga APIs. © 2024 Benzinga.com. Please note that Benzinga does not offer investment advice
