Microchip

OverviewSuggest Edit

Microchip Technology is a company that develops and manufactures specialized semiconductor products for various embedded control applications. It designs, produces, and markets microcontrollers, microprocessors, field-programmable gate array (FPGA) products, a range of linear, mixed-signal, power management, thermal management, discrete diodes, metal oxide semiconductor field-effect transistors (MOSFETs), radio frequency (RF), timing systems, safety, security, and wired connectivity and wireless connectivity devices, as well as a variety of memory products, and Flash-IP solutions. The company serves the automotive, aerospace, defense, space, communications, computing, consumer, and industrial control markets.

TypePublic
Founded1989
HQChandler, AZ, USMap
Websitemicrochip.com
Employee Ratings4More
Overall CultureC+More
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Latest Updates

Employees (est.) (Mar 2020)18,000(-1%)
Revenue (FY, 2020)$5.3 B(-1%)
Share Price (Mar 2021)$158.1 (+4%)
Cybersecurity ratingAMore

Key People/Management at Microchip

Steve Sanghi

Steve Sanghi

Chairman of the Board and Chief Executive Officer
Ganesh Moorthy

Ganesh Moorthy

President, Chief Operating Officer & Director
J. Eric Bjornholt

J. Eric Bjornholt

Senior Vice President, Chief Financial Officer
Mitchell R. Little

Mitchell R. Little

Senior Vice President, Worldwide Client Engagement
Richard J. Simoncic

Richard J. Simoncic

Senior Vice President, Analog Power and Interface Business Unit
Lauren A. Carr

Lauren A. Carr

Senior Vice President, Global Human Resources
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Microchip Office Locations

Microchip has offices in Chandler, Austin, Duluth, Hauppauge and in 62 other locations
Chandler, AZ, US (HQ)
2355 W Chandler Blvd
Austin, TX, US
8601 Ranch Rd 2222 Bldg. 3
Duluth, GA, US
2055 Sugarloaf Cir #525
Hauppauge, NY, US
80 Arkay Dr #100
Houston, TX, US
555 19500 TX-249
Itasca, IL, US
333 Pierce Rd #180
Show all (67)

Microchip Financials and Metrics

Microchip Revenue

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Microchip's revenue was reported to be $5.27 b in FY, 2020 which is a 1.4% decrease from the previous period.
USD

Revenue (Q3, 2021)

1.4b

Gross profit (Q3, 2021)

845.8m

Gross profit margin (Q3, 2021), %

62.6%

Net income (Q3, 2021)

36.2m

EBIT (Q3, 2021)

245.6m

Market capitalization (1-Mar-2021)

42.6b

Closing stock price (1-Mar-2021)

158.1

Cash (31-Dec-2020)

370.7m

EV

51.3b
Microchip's current market capitalization is $42.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.4b4.0b5.3b5.3b

Revenue growth, %

57%17%34%(1%)

Cost of goods sold

1.7b1.6b2.4b2.0b

Gross profit

1.8b2.4b2.9b3.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

972.1m1.0b994.2m1.2b1.4b1.4b1.3b1.3b1.3b1.3b1.3b1.4b

Cost of goods sold

387.7m398.0m387.1m570.5m743.2m595.1m507.4m510.3m501.9m511.4m501.6m506.3m

Gross profit

584.4m614.1m607.1m642.0m689.3m779.6m815.2m827.5m785.5m798.3m807.9m845.8m

Gross profit Margin, %

60%61%61%53%48%57%62%62%61%61%62%63%
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

908.7m901.3m428.6m401.0m

Accounts Receivable

478.4m563.7m880.6m934.0m

Prepaid Expenses

41.4m63.9m

Inventories

417.2m476.2m711.7m685.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

773.0m826.4m672.1m635.2m459.7m432.2m434.0m401.8m397.1m378.2m368.3m370.7m

Accounts Receivable

529.0m545.4m553.1m789.4m668.8m544.8m936.8m848.6m807.5m894.3m903.7m893.8m

Prepaid Expenses

43.8m44.4m60.1m

Inventories

426.8m456.9m487.1m1.1b836.7m702.5m733.1m734.2m708.8m657.2m661.4m666.1m
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

164.6m255.4m355.9m570.6m

Depreciation and Amortization

469.2m615.9m876.4m1.2b

Inventories

223.7m(59.2m)341.6m28.8m

Accounts Payable

(16.1m)(13.9m)(180.7m)11.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

170.6m359.7m108.7m35.7m132.0m181.2m50.7m159.6m470.7m123.6m197.2m233.4m

Depreciation and Amortization

151.8m304.4m459.0m172.8m393.8m637.7m307.1m604.7m904.7m292.8m578.6m865.5m

Inventories

(9.9m)(40.1m)(70.2m)83.8m261.5m344.5m(20.5m)(20.2m)5.6m24.9m21.4m17.5m

Accounts Payable

36.3m25.8m41.8m(2.2m)(37.8m)(143.5m)49.7m(8.4m)(53.3m)(46.6m)(34.6m)6.6m
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USDFY, 2017

Revenue/Employee

291.4k

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x
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Microchip Operating Metrics

Microchip's Backlog was reported to be $2.4b in FY, 2020.
FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Backlog

$765 m$1.21 b$1.62 b$1.83 b$2.38 b$2.42 b

Microcontrollers Shipped

15 b17 b19 b22 b25 b27.20 b

Microcontrollers Offered

1.30 k1.40 k2.80 k3 k3.70 k3.95 k

Development Tools Shipped to Date

1.80 m2 m2.20 m2.40 m
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Microchip Acquisitions / Subsidiaries

Company NameDateDeal Size
TekronOctober 02, 2020
MicrosemiMarch 01, 2018$10.20 b
AtmelJanuary 19, 2016$3.60 b
MicrelMay 08, 2015$839 m
ISSC Technologies CorpJuly 14, 2014$328.50 m
SupertexFebruary 10, 2014
EqcoLogicNovember 21, 2013
Novocell SemiconductorJune 04, 2013
IDENT TechnologyMay 02, 2012
SMSCMay 02, 2012
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Microchip Revenue Breakdown

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Microchip revenue breakdown by business segment: 98.2% from Semiconductor Products and 1.8% from Other

Microchip revenue breakdown by geographic segment: 25.9% from Americas, 52.1% from Asia and 22.1% from Europe

Microchip Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about our premium products
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Microchip Online and Social Media Presence

Microchip's Trends

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Microchip Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A+

    79/100

  • Compensation

    C-

    57/100

  • Diversity

    A-

    76/100

Learn more on Comparably

Microchip News and Updates

March 01, 2021

Why China Can’t Fix the Global Microchip Shortage

Why China Can’t Fix the Global Microchip Shortage
March 01, 2021

Microchip Technology to Present at the Raymond James 42nd Annual Institutional Investors Conference

CHANDLER, Ariz., March 01, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Raymond James 42nd Annual Institutional Investors Conference on …
March 01, 2021

Microchip Technology to Present at the Morgan Stanley Technology, Media and Telecom Conference

CHANDLER, Ariz., March 01, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Morgan Stanley Technology, Media and Telecom Conference on Wedne…
February 24, 2021

Global Automotive Temperature Sensors Market (2021 to 2025) - Featuring AB Elektronik, Amphenol Advanced Sensors & Microchip Technology Among Others

Dublin, Feb. 24, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Temperature Sensors Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the automotive temperature sensors market and it is poised to grow by $1.38 billion during 2021-2025 …
February 22, 2021

Microchip Technology Recommends Stockholders Reject TRC Capital’s “Mini-Tender Offer”

CHANDLER, Ariz., Feb. 22, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated recently learned of an unsolicited “mini-tender offer” made by TRC Capital Investment Corp. to Microchip stockholders to purchase up to 1 million shares of Microchip common stock at $152.00 per sh…
February 16, 2021

Microchip Delivers Accuracy and Energy-efficiency of Current Monitoring in High-temperature Automotive Applications

New high-side current sense amplifier offers the industry’s lowest offset for AEC-Q100 Grade 0 qualified devices, enabling a more accurate and energy efficient current measurement solution for those applications exposed to extreme temperatures New high-side current sense amplifier offers the industr…
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 Microchip Frequently Asked Questions

  • When was Microchip founded?

    Microchip was founded in 1989.

  • Who are Microchip key executives?

    Microchip's key executives are Steve Sanghi, Ganesh Moorthy and J. Eric Bjornholt.

  • How many employees does Microchip have?

    Microchip has 18,000 employees.

  • What is Microchip revenue?

    Latest Microchip annual revenue is $5.3 b.

  • What is Microchip revenue per employee?

    Latest Microchip revenue per employee is $293 k.

  • Who are Microchip competitors?

    Competitors of Microchip include DSP Group, MACOM and Marvell Technology.

  • Where is Microchip headquarters?

    Microchip headquarters is located at 2355 W Chandler Blvd, Chandler.

  • Where are Microchip offices?

    Microchip has offices in Chandler, Austin, Duluth, Hauppauge and in 62 other locations.

  • How many offices does Microchip have?

    Microchip has 67 offices.