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Microchip unveils Qi 2.0 wireless power reference design

EditorIsmeta Mujdragic
Published 03/21/2024, 10:39 AM
Updated 03/21/2024, 10:39 AM
© Reuters.

CHANDLER, Ariz. - Microchip Technology Inc . (NASDAQ:MCHP), a prominent provider of embedded control solutions, has announced the release of a new Qi 2.0 compliant dual-pad wireless power transmitter reference design. The design is aimed at aiding manufacturers in the automotive sector to integrate the latest wireless charging standards with ease.

The new reference design is built around a single dsPIC33 Digital Signal Controller (DSC), which facilitates efficient control and optimized performance. A significant advancement in the Qi 2.0 standard, set by the Wireless Power Consortium (WPC), is the Magnetic Power Profile (MPP). This feature allows for magnetic alignment between the transmitter and receiver, enhancing charging efficiency.

Microchip's reference design combines the MPP and Extended Power Profile (EPP) of Qi 2.0, offering flexibility and programmability to manufacturers. This is expected to reduce the risk for customers working towards Qi certification of their products. The design incorporates automotive-qualified parts from Microchip, meeting industry standards for safety and reliability.

The reference design supports AUTOSAR and Microchip’s Microcontroller Abstraction Layer Architectures (MCALs), which are crucial for automotive integration. It also includes functional safety features and an integrated CryptoAuthentication IC for secure authentication in line with Qi standards.

Joe Thomsen, vice president of Microchip's digital signal controllers business unit, highlighted the ease of integration into automotive systems and the potential for manufacturers to optimize their end solutions and accelerate market entry.

The reference design package from Microchip will provide design files and software, aiming to streamline the development process and ensure successful design outcomes. Included in the design are Microchip's dsPIC33 DSC, a secure storage subsystem, a CAN transceiver, gate drivers, and regulators.

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Microchip Technology, headquartered in Chandler, Arizona, serves a diverse customer base across multiple markets, providing smart, connected, and secure embedded control solutions.

This announcement is based on a press release statement from Microchip Technology Inc.

InvestingPro Insights

As Microchip Technology Inc. (NASDAQ:MCHP) continues to innovate within the automotive sector, its financial health and market performance remain key interests for investors. According to InvestingPro data, Microchip Technology has a market capitalization of $48.74 billion and is trading at a P/E ratio of 20.79, reflecting investor confidence in the company's profitability. The P/E ratio has seen a slight adjustment in the last twelve months as of Q3 2024, sitting at 20.47.

One important InvestingPro Tip to consider is that Microchip has consistently raised its dividend for 12 consecutive years, demonstrating a commitment to shareholder returns. This is coupled with a dividend yield of 2.04% as of the latest data, which can be attractive to income-focused investors.

Despite some analysts revising earnings downwards for the upcoming period, Microchip Technology is still seen as a prominent player in the Semiconductors & Semiconductor Equipment industry. The company's stock price movements are quite volatile, which may present opportunities for investors with a higher risk tolerance. For those seeking more in-depth analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/MCHP. With the use of the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could help navigate the ever-changing market landscape.

Lastly, it is worth noting that Microchip Technology is trading close to its 52-week high, at 93.68% of the peak price, which could indicate market optimism surrounding the company's recent initiatives and future prospects.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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