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Leading semiconductor manufacturer Microchip Technology Inc. (MCHP - Analyst Report) recently announced expansion of its SPI Serial Flash Memory portfolio offering. The company has added the SST25WF020A, SST25WF040B and SST25WF080B devices to its portfolio.

All the devices boast a four-wire, SPI-compatible interface which helps to lower the total system cost. Moreover, these devices have features like low-voltage operation capacity, ranging from 1.65V to 1.95V, along with low-power consumption and low-profile packaging. Due to its low power requirements, these devices are best suited for battery-operated accessories, portable medical apparatus, and Bluetooth/Wi-Fi-enabled appliances such as remotes, headsets and hearing aids. 

The above-mentioned features of the device will aid its applications in the consumer electronics, medical and industrial markets, among others. The new devices are available at a price of 49 cents each, in 10,000-unit quantities.

Microchip has been attempting to expand its product offerings for quite some time now. Earlier this month, the company announced the launch of a new family of USB power delivery controllers–the UPD100X. The unique series hold to its credit a fast battery-charging time with 100W of power from a single USB port. This USB range leverages the company’s USB expertise and support.

The new USB can be used in a wide range of products including but not limited to notebooks, monitors, handheld devices, docking stations, printers and accessories, computers, mobile devices and AC adaptor and chargers.

Moreover, in May this year, Microchip launched a parallel flash memory device–the SST38VF6401B. Also, in Apr 2014, Microchip expanded its product line of Digitally Enhanced Power Analog controllers.

We expect all these product launches to help the company perform better in the coming quarters. With a market capitalization of $9.9 billion, Microchip holds a Zacks Rank #2 (Buy). Other stocks worth a watch in the industry include Montage Technology Group Limited (MONT - Snapshot Report), Semtech Corporation (SMTC - Snapshot Report) and MaxLinear, Inc. (MXL - Snapshot Report). While Montage Technology Group sports a Zacks Rank #1 (Strong Buy), Semtech and MaxLinear hold the same rank as Microchip.

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