Embedded Controllers Market to Reach USD 12.23 Billion by 2032, Driven by IoT Expansion and Increased Demand for Smart Technology | Research by SNS Insider [Yahoo! Finance]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: Yahoo! Finance
Austin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Insights: According to the SNS Insider, “The Embedded Controllers Market Size was valued at USD 6.00 Billion in 2023 and is expected to reach USD 12.23 Billion by 2032, growing at a CAGR of 8.26% over the forecast period 2024-2032.” The embedded controllers market has emerged as a cornerstone of modern electronics, facilitating automation, control, and communication in a variety of smart systems and devices. With the rise of the Internet of Things (IoT) and smart technologies, the demand for embedded controllers is growing rapidly. As of 2024, there are over 18.8 billion connected IoT devices globally. Additionally, the consumer smart home industry is showing strong growth, with annual spending projected to reach USD 170 billion in 2024, driven by increasing consumer demand for advanced home technologies. The growing interconnectivity of devices and the increasing complexity of tasks that these devices can perform req
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MCHP
News
- How Morgan Stanley, Microchip Technology And Philip Morris Can Put Cash In Your Pocket [Yahoo! Finance]Yahoo! Finance
- Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch ControllersGlobeNewswire
- Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained ApplicationsGlobeNewswire
- Microchip Technology Incorporated (NASDAQ: MCHP) was downgraded by analysts at Bank of America Co. from a "neutral" rating to an "underperform" rating. They now have a $65.00 price target on the stock, down previously from $80.00.MarketBeat
- Microchip Technology Incorporated (NASDAQ: MCHP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
MCHP
Earnings
- 11/5/24 - Beat
MCHP
Sec Filings
- 12/16/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/11/24 - Form FWP
- MCHP's page on the SEC website