Microchip Technology Inc. is a publicly-traded American company that makes microcontrollers, mixed-signal integrated circuits, analog circuits, and Flash-IP integrated circuits. Microcontrollers (PIC, dsPIC, AVR, and SAM), embedded security devices, Serial EEPROM devices, Serial SRAM devices, radio frequency (RF) devices, thermal, power, and battery management analog devices, and linear, interface, and wireless products are among the company’s offerings. In order to raise awareness and expertise of embedded applications, Microchip Technology provides support and resources to educators, students and researchers. Online resources (e.g., code examples, textbook recommendations), One-on-one consultations, instruction at regional training centers, aid in finding low-cost development tools, silicon contributions, free versions of Microchip programming tools, and product discounts are all forms of support.
Establishment Of Company
General Instrument’s microelectronics branch was spun out as a wholly-owned subsidiary in 1987, resulting in the company’s formation. When a group of venture capitalists bought Microchip Technology in 1989, it became an independent company, and it went public in 1993. The nanoWatt XLP Microcontrollers (With World’s Lowest Sleep Current) were unveiled by Microchip Technology in April 2009. As of 2009, Microchip had sold over 6 billion microcontrollers. Microchip bought Silicon Storage Technology (SST) in April 2010 and sold a number of SST flash memory assets to Greenliant Systems in May of the same year. Microchip Technology has been shipping over a billion CPUs annually since 2011. Microchip Technology supplied the 10 billionth PIC microcontroller in September 2011.
Microchip Technology, Inc. is a semiconductor company that develops and manufactures specialized devices. Its primary activities include semiconductor product design, development, manufacturing, marketing, and Flash intellectual property licensing. The company’s product line includes 8-bit, 16-bit, and 32-bit PIC microcontrollers, as well as 16-bit dsPIC digital signal controllers with onboard Flash memory. It also offers a wide range of high-performance linear, mixed-signal, power management, thermal management, radio frequency (RF), safety and security, and interface devices, as well as serial EEPROMs, Serial Flash memories, and Parallel Flash memories. The company was created on February 14, 1989, in Chandler, Arizona, and is based there.
Growth And Expansion
As of January 2021, MCHP had acquired more than 10 companies since its start, with two of those acquisitions involving private equity firms. Hampshire Company, a privately held company specializing in the commercialization of universal touch screen controller circuitry and comparable software, was bought by MCHP in 2008. It completed the $3.4 billion acquisition of Atmel, a semiconductor manufacturing business, in 2016. Microsemi Corporation was acquired by MCHP a year later. According to sources, the purchase price reflected an $8.35 billion total equity value, while the overall enterprise value was believed to be around $10.5 billion. The Alfred P. Sloan Foundation has awarded the Alfred P. Sloan Foundation to MCHP. Sloan has won this award for the past ten years in a row for his ability to implement workplace flexibility in order to meet both corporate and employee objectives. RHCP has also received multiple “Best Place to Work” accolades from Forbes Magazine, Bay Area News, and Phoenix Business Journal. It has also been named to Training Magazine’s “Training Top 125” list on multiple occasions. In Forbes’ Global 2000 list for 2020, MCHP was ranked 1040th.
Ganesh Moorthy – CEO
In March 2021, Ganesh Moorthy was named President and Chief Executive Officer of Microchip Technology, and in January 2021, he was also named to Microchip’s Board of Directors. Since February 2016, he has served as President and Chief Operating Officer of Microchip, having previously served as Executive Vice President from October 2006 to May 2009. Mr. Moorthy was previously Vice President of Microchip, where he was in charge of several of the company’s business areas. Prior to joining Microchip in 2001, he spent 19 years at Intel in various engineering and executive leadership capacities. According to the SEC’s Form 4, Ganesh has made over 87 trades in Microchip Technology shares since 2004. On May 15, 2022, he exercised 18,592 units of MCHP stock valued $1,225,771.
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