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Microchip Technology Incorporated (MCHP) Unveils LAN969x Multi-Gigabit Ethernet Switches and VelocityDRIVE Software Platform, Pioneering Cost-Effective Solutions for OEMs

By Yahoo! Finance   |   Oct 11, 2024 at 11:28 PM EST
Microchip Technology Incorporated (MCHP) Unveils LAN969x Multi-Gigabit Ethernet Switches and VelocityDRIVE Software Platform, Pioneering Cost-Effective Solutions for OEMs

The rapid growth in AI technology has led to substantial investments in cloud-based AI services. While major players are projected to spend around $160 billion on infrastructure, a new trend in edge AI is emerging. This shift towards running AI algorithms on personal devices presents both challenges and opportunities for investors.

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