On Friday, Microchip Technology (MCHP) stock saw a rebound after experiencing a selloff the day before. The company announced that its portfolio of JAN transistors has been tested and qualified for Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) requirements. These military-grade transistors are designed to withstand varying levels of radiation exposure and are part of the Joint Army Navy (JAN) designation system.
Microchip has a long history in the aerospace and defense industry, with dedicated fabs in Ennis, Ireland, and Lawrence, Massachusetts. The Ennis fab is a MIL-PRF-19500 screening and reliability testing facility, while the Lawrence fab is DLA Certified and capable of conducting in-house ELDRS to MIL-STD-750, Test Method 1019. These facilities allow customers to test components to the designated Radiation Hardness Assurance (RHA) level based on program needs.
Investors seeking exposure to the stock can consider the Vanguard Total Stock Market ETF (VTI) and SPDR Select Sector Fund – Technology (XLK). Despite concerns about rising fab capacity and supply, Microchip stock has gained over 7% in the last 12 months.
As of premarket on Friday, Microchip Technology’s shares were trading higher by 2.00% at $90.80. This content was partially generated with the assistance of AI tools and has been reviewed and published by Benzinga editors. Benzinga does not provide investment advice.