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Microchip Technology Inc (MCHP.OQ)

MCHP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Microchip Technology Provides Updated Financial Guidance
Thursday, 31 May 2018 04:05pm EDT 

May 31 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY PROVIDES UPDATED FINANCIAL GUIDANCE AFTER COMPLETION OF MICROSEMI ACQUISITION.MICROCHIP - EXPECTS NON-GAAP NET SALES BASED ON END MARKET DEMAND FROM MICROSEMI TO ADD BETWEEN $160 MILLION TO $180 MILLION TO ITS JUNE QUARTER RESULTS.MICROCHIP TECHNOLOGY INC - NOW EXPECTS CONSOLIDATED NON-GAAP NET SALES FOR JUNE QUARTER TO BE UP 17% TO 24% SEQUENTIALLY.MICROCHIP TECHNOLOGY INC - EXPECTS MICROSEMI TO ADD BETWEEN 2 CENTS TO 6 CENTS TO NON-GAAP EARNINGS PER SHARE IN Q1.MICROCHIP - COMBINED NON-GAAP EARNINGS PER SHARE FOR MICROCHIP AND MICROSEMI IS EXPECTED TO BE BETWEEN $1.41 AND $1.55 PER SHARE IN Q1.  Full Article

Microchip Technology Announces Completion Of Microsemi Acquisition
Tuesday, 29 May 2018 08:56am EDT 

May 29 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY ANNOUNCES COMPLETION OF MICROSEMI ACQUISITION.MICROCHIP TECHNOLOGY - AS A RESULT OF DEAL COMPLETION, TRADING IN MICROSEMI STOCK ON NASDAQ STOCK MARKET WILL CEASE ON MAY 29.  Full Article

Microchip Technology Announces Receipt Of Antitrust Clearance In Taiwan
Wednesday, 23 May 2018 04:15pm EDT 

May 23 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY ANNOUNCES RECEIPT OF ANTITRUST CLEARANCE IN TAIWAN, APPROVAL OF MICROSEMI SHAREHOLDERS, AND EXPECTED CLOSING DATE OF ITS ACQUISITION OF MICROSEMI.MICROCHIP TECHNOLOGY INC - CURRENTLY EXPECTS THAT MERGER WILL CLOSE ON MAY 29, 2018.  Full Article

Microchip Technology Intends To Offer Up To $2 Billion Of Senior Secured Notes
Monday, 21 May 2018 01:07pm EDT 

May 21 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY SAYS INTENDS TO OFFER THROUGH PRIVATE PLACEMENT UP TO $2 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED NOTES - SEC FILING.  Full Article

Microchip Technology Announces Intention To Offer Senior Secured Notes Of Multiple Tranches
Monday, 21 May 2018 12:45pm EDT 

May 21 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY ANNOUNCES INTENTION TO OFFER SENIOR SECURED NOTES OF MULTIPLE TRANCHES.SAYS INTENDS TO USE OFFERING PROCEEDS, CASH, BORROWINGS TO FUND CASH CONSIDERATION, OTHER AMOUNTS PAYABLE FOR MICROSEMI DEAL.SAYS EXPECTED THAT NET PROCEEDS TO BE RELEASED TO FINANCE CONSUMMATION OF ACQUISITION OF MICROSEMI CORPORATION.  Full Article

Microchip Tech Says Entered Amended Credit Agreement, Dated June 27, 2013 - SEC Filing
Friday, 18 May 2018 04:43pm EDT 

May 18 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY SAYS ENTERED AMENDED & RESTATED CREDIT AGREEMENT, AMENDING CREDIT AGREEMENT, DATED JUNE 27, 2013 - SEC FILING.MICROCHIP TECHNOLOGY - AMENDED AND RESTATED CREDIT AGREEMENT PROVIDES FOR A REVOLVING LOAN FACILITY IN AGGREGATE PRINCIPAL AMOUNT OF ABOUT $3.8 BILLION.MICROCHIP TECHNOLOGY - REVOLVING LOAN FACILITY CONSISTS OF ABOUT $244.3 MILLION REVOLVING LOAN COMMITMENTS THAT TERMINATE ON FEB 4, 2020.MICROCHIP TECHNOLOGY - REVOLVING LOAN FACILITY ALSO CONSISTS OF ABOUT $3.6 BILLION OF REVOLVING LOAN COMMITMENTS THAT TERMINATE ON MAY 18, 2023.  Full Article

Microchip Technology Says Cannot Confirm Report That MOFCOM Has Cleared Microsemi Deal
Monday, 7 May 2018 03:27pm EDT 

May 7 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY ON REPORTS OF MOFCOM APPROVAL FOR MICROSEMI DEAL - "CANNOT CONFIRM TODAY'S REPORT IN THE PRESS THAT CHINA'S MOFCOM HAS CLEARED" DEAL.MICROCHIP TECHNOLOGY ON MOFCOM APPROVAL FOR MICROSEMI DEAL- BELIEVE REVIEW PROCESS IS RUNNING SMOOTHLY; CO OPTIMISTIC IT WILL RECEIVE CLEARANCE SHORTLY.  Full Article

Microchip Technology Sees Q4 2018 Non-GAAP Earnings Per Share $1.32 To $1.37
Thursday, 1 Mar 2018 04:01pm EST 

March 1 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY NARROWS FINANCIAL GUIDANCE FOR FOURTH QUARTER FISCAL 2018.SEES Q4 2018 NON-GAAP EARNINGS PER SHARE $1.32 TO $1.37.SEES Q4 2018 GAAP EARNINGS PER SHARE $0.73 TO $0.79.NOW EXPECTS CONSOLIDATED NET SALES FOR MARCH QUARTER TO BE FLAT TO DOWN 2% WITH A MID-POINT OF DOWN 1%​.  Full Article

Microchip To Buy Microsemi For $68.78 Per Share In Cash
Thursday, 1 Mar 2018 04:01pm EST 

March 1 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY TO ACQUIRE MICROSEMI.DEAL FOR ‍TOTAL EQUITY VALUE OF ABOUT $8.35 BILLION ​.DEAL FOR ‍ABOUT $8.35 BILLION​.DEAL FOR TOTAL ENTERPRISE VALUE OF ABOUT $10.15 BILLION.DEAL FOR $68.78 PER SHARE IN CASH.‍TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO MICROCHIP'S NON-GAAP EARNINGS PER SHARE​.‍BOARD OF DIRECTORS OF EACH COMPANY HAS UNANIMOUSLY APPROVED ACQUISITION​.‍MICROCHIP ANTICIPATES ACHIEVING AN ESTIMATED $300 MILLION IN SYNERGIES IN THIRD YEAR AFTER CLOSE OF TRANSACTION​.J.P. MORGAN IS ACTING AS MICROCHIP'S EXCLUSIVE FINANCIAL ADVISOR AND IS PROVIDING $5.6 BILLION IN COMMITTED FINANCING.PLANS TO FINANCE DEAL WITH ABOUT $1.6 BILLION OF CASH FROM COMBINED COMPANY BALANCE SHEETS, AMONG OTHERS.‍PLANS TO FINANCE DEAL ALSO WITH ABOUT $3.0 BILLION FROM MICROCHIP'S EXISTING LINE OF CREDIT.‍PLANS TO FINANCE DEAL ALSO WITH ABOUT $5.0 BILLION IN NEW DEBT AND $0.6 BILLION OF A CASH BRIDGE LOAN​.  Full Article

Microchip nears deal to buy Microsemi - WSJ
Tuesday, 27 Feb 2018 12:18am EST 

Feb 27 (Reuters) - :MICROCHIP TECHNOLOGY INC IS IN ADVANCED TALKS TO BUY MICROSEMI CORP- WSJ, CITING SOURCES.DEAL WOULD VALUE MICROSEMI ROUGHLY IN THE MID-$60S A SHARE - WSJ, CITING A SOURCE‍​.  Full Article

Hedge funds hit by Qualcomm-NXP deal collapse

LONDON Hedge funds betting Qualcomm would succeed in a $44 billion bid for NXP Semiconductors face steep losses after the deal fell through - taking the shine off a strong start to the year for many funds.