Market Summary
USD76.72-1.06
Market Closed-1.36%
MCHP Alerts
MCHP Stock Price
MCHP RSI Chart
MCHP Valuation
MCHP Price/Sales (Trailing)
MCHP Profitability
MCHP Fundamentals
MCHP Revenue
MCHP Earnings
Price Action
52 Week Range
54.5394.30
(Low)(High)
Last 7 days
-2.5%
Last 30 days
-4.7%
Last 90 days
-7.7%
Trailing 12 Months
17.9%
MCHP Financial Health
MCHP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MCHP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-23 | Bjornholt James Eric | sold | -185,803 | 78.63 | -2,363 | senior vp and cfo |
2023-08-21 | CHAPMAN MATTHEW W | acquired | 221,269 | 80.52 | 2,748 | - |
2023-08-21 | RANGO ROBERT A. | acquired | 140,668 | 80.52 | 1,747 | - |
2023-08-21 | MEYERCORD WADE F | acquired | 221,269 | 80.52 | 2,748 | - |
2023-08-21 | Rapp Karen Marie | acquired | 221,269 | 80.52 | 2,748 | - |
2023-08-21 | Johnson Esther | acquired | 221,269 | 80.52 | 2,748 | - |
2023-08-21 | Johnson Karlton D | acquired | 221,269 | 80.52 | 2,748 | - |
2023-08-15 | Bjornholt James Eric | sold (taxes) | -143,418 | 80.89 | -1,773 | senior vp and cfo |
2023-08-15 | SIMONCIC RICHARD J | sold (taxes) | -129,343 | 80.89 | -1,599 | exec vp, analog/intrfce bu |
2023-08-15 | SIMONCIC RICHARD J | acquired | 304,955 | 80.89 | 3,770 | exec vp, analog/intrfce bu |
Which funds bought or sold MCHP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 2.58 | 3,144 | 35,567 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -0.25 | 11,331 | 181,028 | 0.05% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | reduced | -0.82 | 30,225 | 529,726 | 0.06% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 18,814 | 18,814 | -% |
2023-09-05 | Westshore Wealth, LLC | reduced | -3.71 | 5,976 | 207,132 | 0.11% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 229,175 | 229,175 | 0.04% |
2023-08-30 | Western Wealth Management, LLC | sold off | -100 | -240,116 | - | -% |
2023-08-30 | CHAPIN DAVIS, INC. | unchanged | - | 17,569 | 270,920 | 0.13% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | reduced | -1.11 | 487,291 | 8,971,640 | 1.99% |
2023-08-24 | Alberta Investment Management Corp | added | 28.84 | 629,866 | 2,297,090 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MCHP Alerts
Schedule 13G FIlings of Microchip Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | dodge & cox | 4.2% | 23,368,666 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.05% | 66,300,914 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 43,244,463 | SC 13G/A | |
| Feb 14, 2022 | dodge & cox | 5.3% | 29,539,169 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.49% | 63,734,425 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.7% | 42,993,442 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 4.9% | 12,994,028 | SC 13G/A | |
| Feb 11, 2021 | dodge & cox | 7.0% | 18,281,484 | SC 13G/A | |
| Feb 11, 2021 | janus henderson group plc | 3.5% | 9,019,043 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.41% | 29,709,164 | SC 13G/A |
Recent SEC filings of Microchip Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 12, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 8-K | Current Report | |
| Aug 23, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading |
MCHP Fair Value
Loading...
Peers (Alternatives to Microchip Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 1.0T | 32.7B | -10.07% | 220.66% | 101.17 | 31.96 | 9.90% | 33.38% |
AVGO | 343.0B | 35.5B | -4.00% | 72.51% | 25.06 | 9.68 | 11.91% | 53.33% |
AMD | 161.9B | 21.9B | -7.28% | 33.34% | -6.5K | 7.4 | 1.39% | -100.80% |
TXN | 147.2B | 18.8B | -3.48% | -1.61% | 19.15 | 7.82 | -3.94% | -10.38% |
INTC | 145.1B | 54.0B | 4.68% | 22.88% | -157.35 | 2.68 | -26.36% | -104.83% |
FSLR | 18.1B | 3.0B | -6.86% | 26.95% | 115.58 | 6.05 | 20.63% | -17.29% |
LSCC | 11.7B | 722.9M | -7.22% | 65.38% | 56.93 | 16.13 | 23.44% | 50.75% |
| MID-CAP | ||||||||
AMKR | 5.5B | 6.9B | -12.42% | 23.72% | 9.5 | 0.8 | 6.33% | -16.28% |
POWI | 4.5B | 514.5M | -4.14% | 15.96% | 49.9 | 8.77 | -28.10% | -51.06% |
| SMALL-CAP | ||||||||
SGH | 1.2B | 1.7B | -2.70% | 33.62% | -44.3 | 0.67 | -7.23% | -137.93% |
ICHR | 877.0M | 1.1B | -12.41% | 10.30% | 38.86 | 0.82 | -8.91% | -64.16% |
AOSL | 790.1M | 691.3M | -8.49% | -14.61% | 63.9 | 1.14 | -11.09% | -97.27% |
CEVA | 483.0M | 122.0M | -0.73% | -25.65% | -15.55 | 3.96 | -9.27% | -3581.39% |
MX | 309.4M | 250.2M | -8.00% | -30.79% | -7.81 | 1.24 | -43.50% | -156.17% |
Microchip Tech News
Returns for MCHP
Cumulative Returns on MCHP
24.9%
10-Year Cumulative Returns
27.7%
7-Year Cumulative Returns
31.6%
5-Year Cumulative Returns
46.1%
3-Year Cumulative Returns
Risks for MCHP
What is the probability of a big loss on MCHP?
77.3%
Probability that Microchip Tech stock will be more than 20% underwater in next one year
46.9%
Probability that Microchip Tech stock will be more than 30% underwater in next one year.
18.5%
Probability that Microchip Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MCHP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Microchip Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Microchip Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.9% | 8,764 | 8,439 | 8,050 | 7,639 | 7,215 | 6,821 | 6,444 | 6,038 | 5,698 | 5,438 | 5,298 | 5,233 | 5,261 | 5,274 | 5,278 | 5,365 | 5,460 | 5,350 | 5,022 | 4,642 | 4,221 |
| Cost Of Revenue | 2.8% | 2,817 | 2,741 | 2,651 | 2,557 | 2,463 | 2,371 | 2,288 | 2,190 | 2,110 | 2,060 | 2,032 | 2,027 | 2,036 | 2,032 | 2,029 | 2,122 | 2,355 | 2,418 | 2,296 | 2,088 | 1,743 |
| Gross Profit | 4.4% | 5,946 | 5,698 | 5,399 | 5,082 | 4,752 | 4,450 | 4,156 | 3,849 | 3,588 | 3,379 | 3,266 | 3,206 | 3,225 | 3,242 | 3,249 | 3,243 | 3,105 | 2,931 | 2,726 | 2,554 | 2,478 |
| Operating Expenses | 1.8% | 2,629 | 2,582 | 2,582 | 2,561 | 2,570 | 2,600 | 2,548 | 2,510 | 2,440 | 2,381 | 2,415 | 2,469 | 2,531 | 2,595 | 2,478 | 2,408 | 2,351 | 2,217 | 2,052 | 1,829 | 1,631 |
| S&GA Expenses | 1.8% | 812 | 798 | 781 | 756 | 734 | 719 | 697 | 674 | 638 | 610 | 611 | 627 | 655 | 677 | 678 | 682 | 687 | 683 | 630 | 564 | 502 |
| R&D Expenses | 2.6% | 1,148 | 1,118 | 1,079 | 1,042 | 1,020 | 989 | 959 | 923 | 877 | 836 | 830 | 837 | 857 | 878 | 871 | 871 | 873 | 826 | 745 | 659 | 571 |
| EBITDA | -100.0% | - | 4,112 | 3,473 | 3,171 | 2,728 | 2,883 | 2,094 | 1,669 | 1,516 | 1,850 | 1,812 | 1,852 | 1,865 | 1,863 | 1,917 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.49* | 0.43* | 0.42* | 0.38* | 0.42* | 0.32* | 0.28* | 0.27* | 0.34* | 0.34* | 0.35* | 0.35* | 0.35* | 0.36* | - | - | - | - | - | - |
| Interest Expenses | -1.5% | 201 | 204 | 214 | 224 | 235 | 257 | 277 | 302 | 330 | 357 | 394 | 428 | 464 | 497 | 518 | 536 | 545 | 503 | 417 | 329 | 240 |
| Earnings Before Taxes | 6.9% | 3,111 | 2,910 | 2,587 | 2,266 | 1,832 | 1,483 | 1,148 | 723 | 547 | 340 | 241 | 235 | 199 | 150 | 256 | 300 | 207 | 205 | 242 | 383 | 609 |
| EBT Margin | -100.0% | - | 0.34* | 0.32* | 0.30* | 0.25* | 0.22* | 0.18* | 0.12* | 0.10* | 0.06* | 0.05* | 0.04* | 0.04* | 0.03* | 0.05* | - | - | - | - | - | - |
| Net Income | 7.1% | 2,397 | 2,238 | 2,072 | 1,844 | 1,540 | 1,286 | 964 | 647 | 479 | 349 | 333 | 608 | 644 | 571 | 645 | 384 | 371 | 356 | 328 | 28.00 | 121 |
| Net Income Margin | -100.0% | - | 0.27* | 0.26* | 0.24* | 0.21* | 0.19* | 0.15* | 0.11* | 0.08* | 0.06* | 0.06* | 0.12* | 0.12* | 0.11* | 0.12* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,135 | 3,171 | 2,797 | 2,648 | 2,473 | 2,233 | 1,959 | 1,875 | 1,824 | 1,790 | 1,683 | 1,612 | 1,476 | 1,480 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.8% | 16,495 | 16,370 | 16,116 | 16,141 | 16,208 | 16,200 | 16,047 | 16,215 | 16,278 | 16,479 | 16,576 | 16,771 | 17,028 | 17,426 | 17,589 | 17,859 | 18,246 | 18,350 | 18,156 | 18,667 | 19,249 |
| Current Assets | 6.5% | 3,270 | 3,069 | 2,834 | 2,676 | 2,643 | 2,453 | 2,201 | 2,149 | 2,157 | 2,145 | 2,153 | 2,122 | 2,135 | 2,217 | 2,104 | 2,178 | 2,279 | 2,215 | 1,878 | 2,176 | 2,818 |
| Cash Equivalents | 15.9% | 271 | 234 | 289 | 305 | 377 | 317 | 314 | 253 | 278 | 280 | 371 | 368 | 378 | 401 | 397 | 402 | 434 | 429 | 432 | 460 | 635 |
| Inventory | 0.9% | 1,336 | 1,325 | 1,165 | 1,030 | 912 | 854 | 768 | 714 | 684 | 665 | 666 | 661 | 657 | 686 | 709 | 734 | 733 | 712 | 703 | 837 | 1,105 |
| Net PPE | 0.7% | 1,186 | 1,178 | 1,114 | 1,088 | 995 | 968 | 930 | 924 | 892 | 855 | 827 | 822 | 844 | 876 | 910 | 937 | 963 | 997 | 1,040 | 1,052 | 1,078 |
| Goodwill | 0.0% | 6,675 | 6,674 | 6,674 | 6,674 | 6,674 | 6,674 | 6,674 | 6,674 | 6,671 | 6,651 | 6,671 | 6,665 | 6,665 | 6,646 | 6,665 | 6,665 | 6,664 | 6,645 | 4,483 | 4,489 | 4,974 |
| Current Liabilities | 3.2% | 3,220 | 3,119 | 1,611 | 2,538 | 1,485 | 1,399 | 1,219 | 1,122 | 1,089 | 2,410 | 2,522 | 1,975 | 2,586 | 1,637 | 2,337 | 2,423 | 2,451 | 2,375 | 644 | 2,088 | 2,139 |
| LT Debt, Current | 0.0% | 1,399 | 1,398 | - | 999 | - | - | - | - | - | 1,323 | 1,493 | 996 | 1,596 | 609 | 1,401 | 1,387 | 1,374 | 1,361 | - | 1,335 | 1,330 |
| LT Debt, Non Current | -8.1% | 4,632 | 5,042 | 6,589 | 6,305 | 7,564 | 7,687 | 7,869 | 8,201 | 8,527 | 7,581 | 7,648 | 8,181 | 7,730 | 8,873 | 8,180 | 8,415 | 8,711 | 8,946 | 10,542 | 9,551 | 10,020 |
| Shareholder's Equity | 4.9% | 6,831 | 6,514 | 6,312 | 6,103 | 5,978 | 5,895 | 5,803 | 5,703 | 5,520 | 5,337 | 5,297 | 5,444 | 5,501 | 5,586 | 5,617 | 5,361 | 5,288 | 5,288 | 5,161 | 5,170 | 5,124 |
| Retained Earnings | 7.9% | 6,222 | 5,764 | 5,356 | 4,956 | 4,576 | 4,175 | 3,878 | 3,654 | 3,533 | 3,394 | 3,384 | 3,444 | 3,466 | 3,432 | 3,421 | 3,197 | 3,176 | 3,211 | 3,122 | 3,160 | 3,149 |
| Additional Paid-In Capital | -0.5% | 2,400 | 2,413 | 2,380 | 2,356 | 2,393 | 2,536 | 2,501 | 2,471 | 2,430 | 2,403 | 2,385 | 2,487 | 2,542 | 2,675 | 2,739 | 2,732 | 2,703 | 2,680 | 2,657 | 2,653 | 2,637 |
| Accumulated Depreciation | 1.8% | 2,699 | 2,651 | 2,607 | 2,564 | 2,503 | 2,449 | 2,380 | 2,324 | 2,289 | 2,242 | 2,211 | 2,173 | 2,132 | 2,090 | 2,070 | 2,041 | 1,993 | 1,949 | 2,003 | 1,958 | 1,913 |
| Shares Outstanding | -0.2% | 544 | 545 | 548 | 550 | 554 | 555 | 555 | 551 | 548 | 547 | 527 | 512 | 991 | 981 | 957 | 954 | 951 | 950 | 947 | 943 | 941 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 4.2% | 3,774 | 3,621 | 3,659 | 3,235 | 3,053 | 2,843 | 2,544 | 2,201 | 2,045 | 1,917 | 1,839 | 1,725 | 1,665 | 1,544 | 1,576 | 1,662 | 1,753 | 1,675 | 1,631 | 1,514 | 1,377 |
| Share Based Compensation | 1.9% | 174 | 170 | 174 | 180 | 195 | 210 | 218 | 219 | 213 | 198 | 184 | 176 | 172 | 170 | 168 | 165 | 162 | 166 | 151 | 135 | 116 |
| Cashflow From Investing | 2.2% | -586 | -599 | -591 | -553 | -518 | -477 | -398 | -323 | -269 | -173 | -145 | -137 | -123 | -133 | -141 | -129 | -170 | -6,811 | -6,817 | -7,155 | -7,286 |
| Cashflow From Financing | -6.1% | -3,293 | -3,104 | -3,092 | -2,629 | -2,435 | -2,327 | -2,203 | -1,992 | -1,876 | -1,864 | -1,719 | -1,621 | -1,597 | -1,438 | -1,469 | -1,589 | -1,783 | 4,664 | 4,947 | 5,275 | 5,772 |
| Buy Backs | -5.8% | 891 | 946 | 932 | 868 | 621 | 426 | 166 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
MCHP Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||
| Net sales | $ 2,288.6 | $ 1,963.6 |
| Cost of sales | 730.2 | 653.7 |
| Gross profit | 1,558.4 | 1,309.9 |
| Research and development | 298.5 | 269.0 |
| Selling, general and administrative | 203.6 | 188.9 |
| Amortization of acquired intangible assets | 151.5 | 167.6 |
| Special charges (income) and other, net | 1.7 | (16.9) |
| Operating expenses | 655.3 | 608.6 |
| Operating income | 903.1 | 701.3 |
| Interest income | 1.5 | 0.1 |
| Interest expense | (47.2) | (50.3) |
| Loss on settlement of debt | (9.1) | (6.2) |
| Other income, net | 0.0 | 1.7 |
| Income before income taxes | 848.3 | 646.6 |
| Income tax provision (benefit) | 181.9 | 139.4 |
| Net income | $ 666.4 | $ 507.2 |
| Basic net income per common share (in dollars per share) | $ 1.22 | $ 0.92 |
| Diluted net income per common share (in dollars per share) | 1.21 | 0.90 |
| Dividends declared per common share (in dollars per share) | $ 0.3830 | $ 0.2760 |
| Basic common shares outstanding (in shares) | 545.1 | 553.8 |
| Diluted common shares outstanding (in shares) | 551.4 | 561.5 |
MCHP Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Mar. 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 271.2 | $ 234.0 |
| Accounts receivable, net | 1,465.0 | 1,305.3 |
| Inventories | 1,336.4 | 1,324.9 |
| Other current assets | 197.0 | 205.1 |
| Total current assets | 3,269.6 | 3,069.3 |
| Property, plant and equipment, net | 1,185.7 | 1,177.9 |
| Goodwill | 6,675.4 | 6,673.6 |
| Intangible assets, net | 3,252.8 | 3,369.0 |
| Long-term deferred tax assets | 1,603.7 | 1,623.3 |
| Other assets | 507.4 | 457.2 |
| Total assets | 16,494.6 | 16,370.3 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | 281.3 | 396.9 |
| Accrued liabilities | 1,539.6 | 1,323.5 |
| Current portion of long-term debt | 1,398.7 | 1,398.2 |
| Total current liabilities | 3,219.6 | 3,118.6 |
| Long-term debt | 4,632.2 | 5,041.7 |
| Long-term income tax payable | 718.9 | 705.7 |
| Long-term deferred tax liability | 42.3 | 42.7 |
| Other long-term liabilities | 1,050.3 | 948.0 |
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; authorized 5,000,000 shares; no shares issued or outstanding | 0.0 | 0.0 |
| Common stock, $0.001 par value; authorized 900,000,000 shares; 577,805,756 shares issued and 544,333,965 shares outstanding at June 30, 2023; 577,805,623 shares issued and 545,459,814 shares outstanding at March 31, 2023 | 0.5 | 0.5 |
| Additional paid-in capital | 2,400.3 | 2,413.3 |
| Common stock held in treasury: 33,471,791 shares at June 30, 2023; 32,345,809 shares at March 31, 2023 | (1,786.7) | (1,660.2) |
| Accumulated other comprehensive loss | (4.4) | (4.1) |
| Retained earnings | 6,221.6 | 5,764.1 |
| Total stockholders' equity | 6,831.3 | 6,513.6 |
| Total liabilities and stockholders' equity | $ 16,494.6 | $ 16,370.3 |
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.