Market News / Story
Microchip Technology Acquires VORAGO To Expand Space And Defense Chip Portfolio
Stocktwits ·
Stocktwits reports: Microchip Technology (MCHP) stock is in focus after the firm announced Friday that it acquired VORAGO Technologies, a semiconductor company specializing in radiation-hardened and radiation-tolerant chips, expanding its capabilities in aerospace, defense, and space applications. The company did not disclose the transaction's financial terms and said the acquisition is not expected to materially affect its consolidated financial results. At the time of this writing, MCHP…