Microchip Technology Inc. (MCHP) rose to $62.08, increasing $5.37, after announcing a new technology that halves the power required to measure energy consumption in portable devices.
The innovation is expected to improve battery life and energy efficiency across a broad range of battery-powered electronics.
On the day of the announcement, MCHP saw significantly higher trading volume as investors responded to the potential boost in demand for energy-efficient chips. The stock's 52-week range is approximately $48.50 - $67.90.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.