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Kioxia announced on December 18 that its enterprise SSDs are now fully compatible with Microchip's Adaptec SmartRAID 4300 accelerator, a move designed to eliminate data bottlenecks by supporting up to 32 NVMe drives.
Microchip Technology (MCHP) stock closed down 1.9% at $65.88, as a broader semiconductor industry downturn overshadowed a positive analyst upgrade from Cantor Fitzgerald.
STMicroelectronics has secured a €1 billion credit line from the European Investment Bank, with an initial €500 million tranche signed. The financing is aimed at expanding European semiconductor manufacturing and R&D to bolster regional technological sovereignty.