🟢 MCHP surges 6.3% on new AI data center power module launch

MCHP is trading 6.3% up today at $99.30 following the announcement of a new power module designed for the high-growth AI data center market.

• The company launched its new 3.3 kV HV‑D3 mSiC® Power Modules, which are engineered to enable more efficient power delivery for solid-state transformers in AI hyperscale data centers.
• This product directly targets the increasing power demands of AI token generation, a critical area for data center scaling.
• The move is also supported by strong momentum across the semiconductor sector, which has been rallying on the back of the artificial intelligence infrastructure boom.