Microchip Technology Completes Acquisition of Hailo

CHANDLER, Ariz., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (Nasdaq: MCHP), a broadline supplier of semiconductors committed to making innovative design easier through total system solutions, today announced that it has completed its acquisition of Hailo, a provider of accelerated edge AI processors, vision processors, robotics processors and AI software technologies. The acquisition advances Microchip's strategy to enable intelligent, connected systems at the edge and expands its ability to deliver complete solutions for Edge AI, machine vision, robotics and Physical AI applications. The terms of the transaction were not disclosed, and the transaction is not expected to have a material impact on Microchip's financial results.

As artificial intelligence rapidly moves from experimentation to deployment, developers increasingly require solutions that combine AI acceleration, embedded processing, connectivity, security, power efficiency and long-term product support. By bringing together Microchip's broad embedded systems portfolio with Hailo's AI and vision technologies, Microchip has broadened its ability to help customers move more quickly from prototype to production.