Microchip Technology Inc Raises $1.35 Billion in Depositary Shares Offering, Trading Volume Drops to $312 Million

On April 2, 2025, Microchip Technology Inc. (MCHP) saw a trading volume of $312 million, marking a 36.58% decrease from the previous day. The stock price rose by 0.89%, marking two consecutive days of gains and a total increase of 1.07% over the past two days.

Microchip Technology Inc. recently announced the launch of an offering of depositary shares representing interests in Series A Mandatory Convertible Preferred Stock. This move is part of the company's strategic financial planning and could potentially impact its stock performance.

Additionally, Microchip Technology Inc. has priced its offering of depositary shares at $50 per share, raising $1.35 billion. This significant capital raise could provide the company with the financial flexibility to pursue growth opportunities and invest in new technologies.

Microchip Technology Inc. has also received the Automotive Electronics Council (AEC)-Q100 qualification for its PolarFire System on Chip (SoC) FPGAs. This qualification is a testament to the reliability and performance of Microchip's products, which could enhance investor confidence in the company's long-term prospects.