Fresh off receiving U.S. CHIPS Act funding for a small manufacturing expansion, Microchip just announced a couple of AI and auto acquisitions. Shares of Microchip (MCHP -3.00%) remain near all-time highs even though its primary customers in the automotive and industrial markets are in the midst of a slump. Clearly, investors are looking beyond some near- term pain and toward a new wave of growth at some point in the future for this Arizona-based chipmaker. Microchip seems to be optimistic as well. It recent ...