Microchip Technology

Microchip Technology (Nasdaq: MCHP) is a semiconductor manufacturer headquartered in Chandler, Arizona. The company develops and produces microcontrollers, mixed-signal, analog and Flash-IP integrated circuits for various industries. Founded in 1989, Microchip Technology has grown to become a major player in the semiconductor industry with over 120,000 customers across diverse sectors including aerospace, automotive, communications, defense, and industrial markets.

Microchip Technology's product portfolio includes:

• Microcontrollers: A wide range of 8-bit, 16-bit and 32-bit microcontrollers for embedded control applications

• Analog and interface products: Power management, interface, and signal processing solutions

• FPGA and PLD devices: Programmable logic devices for various applications

• Memory products: Serial EEPROM, NOR Flash, and SRAM memory devices

• Wireless connectivity solutions: Wi-Fi, Bluetooth, and LoRa modules

• Timing and synchronization products: Clock and timing devices

In January 2024, Microchip Technology received a USD 162 million expansion grant from the US government as part of the CHIPS Act to strengthen domestic semiconductor manufacturing. The company is using this funding to expand its facilities in Colorado and Oregon. Microchip Technology reported net sales of USD 1.241 billion for the first quarter of fiscal year 2025, a 6.4% decrease from the previous quarter. The company maintains a strong financial position with a non-GAAP net income of USD 289.9 million for the same period. Microchip Technology has also demonstrated a commitment to shareholder returns, having raised its dividend for 12 consecutive years.