Microchip Technology Signs Definitive Agreement to Acquire Hailo
Key Highlights
- ➤Microchip Technology (MCHP) signs agreement to acquire Hailo, provider of accelerated edge AI processors.
- ➤Transaction expected to close end of current quarter ending September 30, subject to conditions.
- ➤Terms of the transaction are not being disclosed, no material impact on financials expected.
- ➤Acquisition expands Microchip's (MCHP) processing portfolio for intelligent edge systems.
- ➤Hailo brings over 100 current customers and a developer community of over 10,000 users.
- ➤Hailo portfolio includes Hailo-8, Hailo-10, Hailo-15, supporting CNNs, transformers, LLM/VLM workloads.
Expert Statements
Mark Reiten, Senior Corporate Vice President
“The acquisition of Hailo accelerates Microchip’s expansion into high-performance edge AI processing. Hailo’s AI acceleration, advanced vision processing and software ecosystem directly complements Microchip’s embedded processing, FPGA, connectivity, security, power and analog portfolio. Together, we can help customers build more capable intelligent edge systems with the right balance of performance, power efficiency, reliability and system cost.”
Orr Danon, CEO of Hailo
“Joining Microchip would give Hailo the opportunity to scale our accelerated edge AI technology through a global embedded systems leader. Microchip’s customer reach, channel scale and broad technology portfolio would create a strong platform for bringing advanced vision processing and AI acceleration to broader range of intelligent edge applications.”
CHANDLER, Ariz., July 24, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that it has signed a definitive agreement to acquire Hailo, a provider of accelerated edge AI processors, advanced vision processing solutions, robotics processors and comprehensive AI software flows. The transaction is expected to close towards the end of the current quarter ending September 30, subject to customary closing conditions and regulatory approvals. The terms of the transaction are not being disclosed and the transaction is not expected to have a material impact on Microchip's financial results.
The proposed acquisition is expected to expand Microchip’s processing portfolio for intelligent edge systems and strengthen its ability to deliver accelerated, power-efficient edge AI solutions for robotics, advanced vision processing and intelligent edge applications, including drones, robots, smart cameras, industrial automation and embedded AI systems.
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