Microchip Technology Inc.MCHP recently announced the successful implementation of its MOST50 Intelligent network Interface Controllers (INICs) by automobile major Toyota Motor Corporation (TM) for powering the infotainment systems of its new Alphard executive-lounge hybrid vehicles.
Media Oriented Systems Transport (MOST) is the standard for multimedia and infotainment networking in the automotive industry. MOST technology results in reduced weight and easier compliance with environmental regulations. The INIC's ultra-fast network startup feature is expected to enable instant access to the Alphard's infotainment system. With this, Toyota aims achieving high-quality digital audio streaming, which is one of the key differentiators in the executive-lounge class vehicles. The technology was designed to provide an efficient and cost-effective fabric to transmit audio, video, data and control information between any devices attached within the harsh environment of an automobile.
Since 2001, Microchip's MOST devices have been installed in 191 car models across all major manufacturers and there is a continuing demand for the controllers in the automotive industry. This implementation will reinforce the company's product portfolio and consequently, augment its revenue in the near future.
Microchip develops and manufacturers microcontrollers, memory and analog and interface products for embedded-control systems, which are small, low-power computers designed to perform specific tasks.
Microchip currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering in the industry now are Maxim Integrated Products, Inc MXIM , MaxLinear, Inc. MXL and Avago Technologies Limited. AVGO , each carrying a Zacks Rank #2 (Buy).
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