Microchip Technology Expands Space Portfolio with VORAGO Acquisition
AI Summary
Semiconductor supplier acquires radiation-hardening specialist to strengthen its aerospace and defence capabilities. Semiconductor supplier Microchip Technology Incorporated has acquired Austin-based VORAGO Technologies, a specialist developer of radiation-hardened microcontrollers and microprocessors. Financial details of the transaction were not disclosed, and Microchip expects the deal to have a neutral effect on its consolidated financial performance.
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