Microchip Earns Certification In ISO/SAE 21434 Road Vehicle, Cybersecurity Engineering Standard From UL Solutions
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology (NASDAQ:MCHP) has achieved ISO/SAE 21434 certification for its corporate processes related to automotive cybersecurity, as audited by UL Solutions. This standard, developed by ISO and SAE International, sets rigorous requirements for cybersecurity risk management across the automotive product lifecycle. The certification confirms Microchip's commitment to high cybersecurity standards in automotive design, benefiting customers by easing the compliance burden for electronic control units incorporating Microchip's security products.
February 08, 2024 | 1:22 pm
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Microchip Technology's achievement of the ISO/SAE 21434 certification underscores its commitment to automotive cybersecurity, potentially enhancing its reputation and customer trust.
The certification is likely to have a positive impact on Microchip Technology's stock in the short term due to the increased trust and credibility it grants the company in the automotive cybersecurity market. This could lead to increased demand for Microchip's security products, as customers look for compliant and reliable solutions, thereby potentially boosting the company's revenues and market position.
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