Microchip's MOST Solution Installed In General Motors Cars

Microchip Technology Inc. (NASDAQ:MCHP) , a leading provider of semiconductor products, recently announced that General Motors Company (NYSE:GM) is using its Media Oriented Systems Transport ("MOST") Intelligent Network Interface Controllers ("INICs") to run the infotainment system networking functions in its global compact car platform.

The General Motors cars that would feature this product include Chevy Cruze, Chevy Volt, Opel Astra, Buick Excelle and Buick Verano. In addition, General Motors has incorporated the MOST system in its mid-size, full-size, performance, cross-over and SUV, truck, and luxury platforms across all vehicle brands.

MOST networking system is currently in use in 30 global car maker brands and over 204 vehicle models. MOST-based vehicles are manufactured worldwide, across North America, Asia and Europe. Since this network is designed to support multiple data types simultaneously, it enables car manufacturers to offer system and attribute set flexibility for current and future automotive infotainment applications. The MOST system also ensures low wiring harness weight for easier compliance with environmental regulations.

The use of MOST technology in General Motor's compact cars signifies continued global acceptance. Using MOST Network, car makers can offer networking features at a low cost since this advanced technology has an inherent synchronous nature and intelligently uses network bandwidth. In addition, Microchip’s exceptional systems-based applications offer engineering support throughout the car makers' platform development process.

The company recently announced a procedure to begin the transfer of the MOST specifications to ISO (the International Organization for Standardization). This step is being taken to ensure that the specifications are more accessible through an internationally recognized and accredited standards organization. The MOST system will thus be established as an international standard that meets the OEM (Original Equipment Manufacturer) requirements of long-term stability, maintenance, and reliability. This action will follow international norms for sustained development and support participation of worldwide stakeholders.

With continued focus on delivering better service to its customers, the installation of MOST in General Motor’s cars will help the company gain bottom-line growth going forward.

Incorporated in Delaware in 1989, Microchip develops and manufacturers microcontrollers, memory and analog and interface products for embedded control systems, which are small, low-power computers designed to perform specific tasks. High quality standards, solid performance, reliability features, ease of use, pricing and diversity of products make Microchip one of the better-positioned companies in the semiconductor universe.

Microchip carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) and Silicon Laboratories Inc. (NASDAQ:SLAB) . Both stocks sport a Zacks Rank #1 (Strong Buy).