Should You Buy Microchip Technology (MCHP) Stock As It Pops Today

For today, the stock worth of Microchip Technology has been surging all day. The price indicators of the company have obtained positive change and moved on the stock chart from $70 to $71. Such a move is explained by the latest announcement from the company that MCHP has presented two new touchscreen controllers. The new MXT448UD-HA and MXT640UD-HA expand the Class B portfolio beyond 10 inches.

Connected home appliances allow both users and manufacturers to communicate with them over the Internet. With the usage of such a method, a wide range of functions is provided for the users when the manufacturer can perform remote diagnostics or even update firmware wirelessly. Moreover, the new touchscreen controllers are equipped with two serial interfaces and with the support of an operating temperature up to 105°C.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.