Microchip Technology Incorporated (NASDAQ:MCHP) is one of the best data center stocks to buy right now. On April 14 2026, Microchip Technology Incorporated (NASDAQ:MCHP) introduced the dsPIC33AK256MPS306 Digital Signal Controllers to its dsPIC33A family, targeting AI servers, data centers, automotive, and industrial systems. These compact devices combine high‑resolution control, fast analog performance, and post‑quantum cryptography, helping reduce design complexity and accelerate time to market for power conversion, motor control, and intelligent sensing applications.
Built on a 200 MHz 32‑bit core with advanced analog integration, the new DSCs deliver precise real‑time control loops for high‑efficiency systems, while offering secure boot, firmware updates, and cryptographic support for modern server and industrial designs. With broad connectivity options and functional safety compliance, Microchip positions the dsPIC33AK256MPS306 family as a versatile solution for next‑generation AI and data center infrastructure.
On April 13, Microchip Technology Incorporated inked a strategic collaboration with Sunny Smartlead to expand the Automotive SerDes Alliance Motion Link (ASA-ML) ecosystem. Sunny Smartlead is to introduce the Advanced Driver-Assistance Systems (ADAS) camera modules built on Microchip’s VS700 family of ASA-ML devices. The introduction is to enable faster, simpler, and more cost-effective camera development for the automotive industry.
The integration of Microchip’s ASA-ML serializer technology and Sunny Smartlead’s camera module will also make it easier for automotive OEMs to develop secure, high-speed, and standardized ADAS camera solutions for Software-Defined Vehicles (SDVs).
Similarly, on April 9, Microchip Technology Inc. (NASDAQ:MCHP) entered into a manufacturing agreement with Everspin Technologies. The two are joining forces to expand production capacity for magnetoresistive random access memory and tunnel magnetoresistive sensor products.
The 10-year agreement centers on a Microchip fabrication facility in Oregon. Everspin is to maintain intellectual property and manufacturing processes, while Microchip Technology is to provide foundry services from its expandable manufacturing capacity.
Microchip Technology Incorporated (NASDAQ:MCHP) is a leading semiconductor company that designs, manufactures, and sells smart, connected, and secure embedded control solutions. Its products, including microcontrollers (MCUs), analog chips, FPGAs, and memory, are used in billions of devices across the automotive, industrial, consumer, aerospace, and computing markets.
While we acknowledge the risk and potential of MCHP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MCHP and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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