About the Company
Microchip Technology, Inc. is an American company engaged in the manufacture and marketing of specially engineered semiconductor products such as analogue, microcontroller and Flash-IP integrated circuits. Its operations are classified into two divisions: licensing of technology and semiconductor products. The first segment involves the manufacture and selling of embedded security devices, battery management analogue devices, microcontrollers and more. Microchip Technology, Inc. shares are traded on NASDAQ under the ticker symbol “MCHP”.
The company’s specialised solutions serve more than 1,20,000 customers across various sectors, such as automotive, defence, aerospace, computing, and communications. Microchip technology was founded in 1987 after General Instrument’s microelectronic segment became a wholly-owned subsidiary. Two years later, a venture capitalist group named Sequoia Capital acquired the company, and it became a standalone business. After an initial public offering was made in 1993, Microchip Technology, Inc. stocks went public. Fortune Magazine declared it as the best performing IPO that year.
Besides offering microcontrollers, it also provides resources to researchers and students to spread awareness and enhance their knowledge regarding smart and secure embedded applications. The support and resources offered by MCHP involve access to labs and extensive supply of course materials. Moreover, it also offers product discounts and is engaged in the provision of training at specific regional centres.
In 2000, MCHP reached an agreement to purchase the Puyallup water facility, a semiconductor manufacturing complex covering an area of 92 acres. In the same year, it completed the acquisition of TelCom Semiconductor for approximately $300 million. Since its inception, MCHP has acquired more than 10 companies, and two of those acquisitions involved private equity firms, as of January 2021. In 2008, MCHP acquired Hampshire company, a privately-owned company involved in the marketing of universal touch screen controller electronic and similar software. In 2016, it completed the acquisition of Atmel, a semiconductor manufacturing company for an estimated $3.4 billion. A year later, MCHP acquired Microsemi Corporation. As per reports, the acquisition price represented a total equity value of approximately $8.35 billion; whereas, the total enterprise value was estimated to be around $10.5 billion.
MCHP has been a recipient of the Alfred P. Sloan for 10 years in a row for being able to execute workplace flexibility to fulfil the objectives of the business and employees both. Forbes Magazine, Bay Area News and Phoenix Business Journal have also awarded RHCP several “Best Place to Work” awards. Moreover, it has also been included several times in Training Magazine’s list of “Training Top 125”. In 2020, MCHP was ranked 1040th in Forbes’ Global 2000 list.;
Organisation | Microchip Technology Inc |
Industry | Semiconductors |
HeadQuarters | Chandler, AZ |