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Microchip Technology has expanded its L-Series timing device portfolio with the introduction of the LX-820 Radiation-Tolerant Quartz Oscillator, specifically engineered for Low Earth Orbit (LEO) and other space-based missions.
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Microchip Technology reported significant progress in the radiation characterization and testing of its PIC64-HPSC High-Performance Spaceflight Computing Series, a 64-bit RISC-V platform for mission-critical space systems.
B. Riley has lowered its price target for Microchip Technology from $108 to $98 while maintaining a 'Buy' rating on the stock.