Microchip Technology Inc. (MCHP Quick QuoteMCHP - Free Report) , a leading provider of semiconductor products, recently unveiled two next-generation Bluetooth Low Energy (BLE) solutions. These consist of an easy-to-use ASCII-style command interface that simplifies the usage of devices and eliminates any complicated code compiling.

The company’s RN4870 and RN4871 modules support the latest Bluetooth 4.2 specification and encompass a Bluetooth stack on board with a scripting engine to facilitate standalone operation and eradicate microcontroller use for simple applications. These next-generation Bluetooth devices enable fast time to market and improve total manufacturing cost.

The RN4870 and RN4871 devices offer up to 2.5 times data compared to other available variants which run on Bluetooth 4.0 standard. In addition, the new Bluetooth solutions offer Federal Information Processing Standards (FIPS) based connection security along with advanced features.

The devices can effortlessly transfer serial data over BLE devices and support various beacon formats like iBeacon or Eddystone using a single command. These products are fully certified under regulatory standards for usage all across the globe.

These next-gen products from Microchip will enable Internet of Things (IoT) developers build a better end application which will decrease power consumption. Utilizing the company’s products, developers will be able to reduce design complexity and shorten time to market significantly. The company’s new RN-style modules will assist customers to get started with Bluetooth Low Energy solutions in their products.

Microchip was the first company to offer Bluetooth 4.2 compliant silicon, modules and software. The upgraded BLE solutions are likely to drive bottom-line growth, going forward. Constant innovation has in fact made the company a leader in Bluetooth technology.

Incorporated in Delaware in 1989, 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. High quality standards, solid performance, reliability features, ease of use, pricing and diversity of products make Microchip one of the better-positioned companies in the semiconductor universe.

With a diligent focus on right-sizing the various components of inventory holding, Microchip’s investment strategy takes a holistic view of the rapidly evolving market and deploys a dynamic capital allocation approach. Over the years, Microchip has consistently returned significant cash to its shareholders through dividends and share repurchases.

Microchip carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include MACOM Technology Solutions Holdings, Inc. (MTSI Quick QuoteMTSI - Free Report) , Monolithic Power Systems, Inc. (MPWR Quick QuoteMPWR - Free Report) and Silicon Laboratories Inc. (SLAB Quick QuoteSLAB - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy).

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