Wiki source code of Microchip Technology Inc

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5 = Summary =
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7 * Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions.
8 * The company's microcontroller product line represents the largest component of its total net sales.
9 * The company's synergistic product portfolio includes 5G, data centers, artificial intelligence and machine learning, Internet of Things (IoT) and edge computing, advanced driver assist systems (ADAS) and autonomous driving
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12 [[image:MCHP0.png||alt="MCHP0.jpg" height="227" width="718"]]
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15 Microchip Technology (Nasdaq: MCHP, LSE:0K19) Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduces risk while lowering total system cost and time to market. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.
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18 = Financial Highlights =
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20 Financial results for Third Quarter ended December 31, 2022 of fiscal year 2023{{footnote}}https://ww1.microchip.com/downloads/aemDocuments/documents/investor/press-release/MCHP_Announces_Record_Financial_Results_for_Q3FY23.020223.pdf{{/footnote}}
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23 Net sales for the third quarter of fiscal 2023 were a record $2.169 billion, up 23.4%from net sales of $1.758 billion in the prior year's third fiscal quarter.
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26 GAAP net income for the third quarter of fiscal 2023 was $580.3 million, or $1.04 per diluted share, up from GAAP net income of $352.8 million, or $0.62per diluted share, in the prior year's third fiscal quarter. For the third quarters of fiscal 2023 and fiscal 2022, GAAP net income was adversely impacted by amortization of acquired intangible assets associated with its previous acquisitions.
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29 Non-GAAP net income for the third quarter of fiscal 2023was a record at $863.7 million, or $1.56per diluted share, up from non-GAAP net income of $681.7 million, or $1.20per diluted share, in the prior year's third fiscal quarter.
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32 Microchip announced today that its Board of Directors declared a record quarterly cash dividend on its common stock of 35.8 cents per share, up 9.1% from the cash dividend paid last quarter and up 41.5% from the year ago quarter. The quarterly dividend is payable on March 7, 2023to stockholders of record on February 21, 2023.
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35 Net sales for the fiscal year ended March 31, 2022 were a record $6.821 billion, an increase of 25.4% from net sales of $5.438 billion in the prior fiscal year.
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38 GAAP net income for the fiscal year ended March 31, 2022 was $1.286 billion, or $2.27 per diluted share, an increase of 267.9% from net income of $349.4 million, or $0.65 per diluted share in the prior fiscal year. Fiscal 2022 and fiscal 2021 GAAP net income were significantly adversely impacted by amortization of acquired intangible assets associated with its previous acquisitions and loss on debt settlement associated with its debt refinancing activities.
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42 [[image:MCHP1.jpg]]
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45 = Business Segments =
46
47 **Microcontrollers**
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49 The company's microcontroller product line represents the largest component of its total net sales. Microcontrollers and associated application development systems accounted for approximately 56.0% and 54.5% of its net sales in fiscal 2022 and fiscal 2021, respectively.{{footnote}}https://fintel.io/doc/sec-microchip-technology-inc-827054-10k-2022-may-20-19132-7260{{/footnote}}
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52 Net sales of its microcontroller products increased approximately 28.8% in fiscal 2022 compared to fiscal 2021. The increase in net sales was due primarily to strength in demand for its microcontroller products in end markets that the company serve and its price increases.
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55 **Analog**
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57 The company's analog product line includes analog, interface, mixed signal and timing products. The company's analog product line accounted for approximately 28.4% and 27.9% of its net sales in fiscal 2022 and fiscal 2021, respectively.
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60 Net sales from its analog product line increased approximately 27.6% in fiscal 2022 compared to fiscal 2021. The increase in net sales was primarily due to strength in demand for its analog products in end markets that the company serve and its price increases.
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63 **Other**
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65 The company's other product line includes FPGA products, royalties associated with licenses for the use of its SuperFlash and other technologies, sales of its intellectual property, fees for engineering services, memory products, timing systems, manufacturing services (wafer foundry and assembly and test subcontracting), legacy application specific integrated circuits, and certain products for aerospace applications. Revenue from these services and products accounted for approximately 15.6% and 17.6% of its net sales in fiscal 2022 and fiscal 2021, respectively.
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68 Net sales related to these products and services increased approximately 11.4% in fiscal 2022 compared to fiscal 2021. The increase in net sales was primarily due to strength in demand for its products in end markets that the company serve and its price increases.
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72 [[image:MCHP2.jpg]]
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75 = Company Overview =
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77 Microchip Technology develop, manufacture and sell smart, connected and secure embedded control solutions used by its customers for a wide variety of applications. With over 30 years of technology leadership, its broad product portfolio is a Total System Solution (TSS) for its customers that can provide a large portion of the silicon requirements in their applications. TSS is a combination of hardware, software and services which help its customers increase their revenue, reduce their costs and manage their risks compared to other solutions.
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80 The company's synergistic product portfolio empowers disruptive growth trends, including 5G, data centers, artificial intelligence and machine learning, Internet of Things (IoT) and edge computing, advanced driver assist systems (ADAS) and autonomous driving, and electric vehicles, in key end markets such as automotive, aerospace and defense, communications, consumer appliances, data centers and computing, and industrial.
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83 == Products ==
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85 Microchip Technology is a leading provider of smart, connected and secure embedded control solutions.{{footnote}}https://www.microchip.com/en-us/products{{/footnote}}
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87 * Microcontrollers and Microprocessors
88 * Analog
89 * Amplifiers and Linear ICs
90 * Clock and Timing
91 * Data Converters
92 * Embedded Controllers and Super I/O
93 * FPGAs and PLDs
94 * High-Speed Networking and Video
95 * Interface and Connectivity
96 * LED Drivers and Backlighting
97 * Memory Products
98 * Power Discretes
99 * Power Management
100 * Power over Ethernet
101 * RF and Microwave
102 * Security Products
103 * Sensors and Motor Drive
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106 **Services**
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108 * Smart Energy/Metering
109 * Storage
110 * Touch and Gesture
111 * Wireless Connectivity
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113 == Manufacturing ==
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115 The company's manufacturing operations include wafer fabrication, wafer probe, assembly and test.
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118 (% style="width:1176px" %)
119 (% class="info" %)|**Location**|**Approx Sq. Ft**|(% style="width:776px" %)**Principal Operations**
120 |Gresham, Oregon|826,500|(% style="width:776px" %)Wafer fabrication (Fab 4), R&D center, warehousing and administrative offices
121 |Chandler, Arizona|687000|(% style="width:776px" %)(((
122 Executive and administrative offices, wafer probe, R&D center, sales and marketing, and computer and service functions
123 )))
124 |(((
125 Lamesa, Calamba, Philippines
126 )))|610,300|(% style="width:776px" %)Assembly and test, warehousing and administrative offices
127 |Chacherngsao, Thailand|498,100|(% style="width:776px" %)(((
128 Assembly and test, wafer probe, sample center, warehousing and administrative offices
129 )))
130 |Colorado Springs, Colorado|480,000|(% style="width:776px" %)Wafer fabrication (Fab 5), test and R&D
131 |(((
132 Canlubang, Calamba, Philippines
133 )))|460,000|(% style="width:776px" %)Wafer probe, test, warehousing and administrative offices
134 |Tempe, Arizona|388,100|(% style="width:776px" %)Wafer fabrication (Fab 2), R&D center, warehousing and administrative offices
135 |Bangalore, India|294,000|(% style="width:776px" %)R&D center, sales and marketing support and administrative offices
136 |Chacherngsao, Thailand|267,100|(% style="width:776px" %)Assembly and test, warehousing and administrative offices
137 |Chennai, India|187,000|(% style="width:776px" %)R&D center
138 |Lawrence, Massachusetts|160,000|(% style="width:776px" %)Manufacturing and administrative offices
139 |Rousset, France|144,500|(% style="width:776px" %)Test, R&D and administrative offices
140 |(((
141 Mount Holly Springs, Pennsylvania
142 )))|100,000|(% style="width:776px" %)Manufacturing, R&D and administrative offices
143 |Garden Grove, California|98,100|(% style="width:776px" %)Manufacturing, R&D and administrative offices
144 |San Jose, California|98,000|(% style="width:776px" %)R&D and administrative offices
145 |(((
146 Neckarbischofsheim, Germany
147 )))|83,800|(% style="width:776px" %)Manufacturing and administrative offices
148 |Nantes, France|77,000|(% style="width:776px" %)Wafer probe, test, R&D, warehousing and administrative offices
149 |San Jose, California|71,000|(% style="width:776px" %)R&D and administrative offices
150 |San Jose, California|57,000|(% style="width:776px" %)R&D and administrative offices
151 |Beverly, Massachusetts|52,100|(% style="width:776px" %)Manufacturing
152 |Heilbronn, Germany|48,000|(% style="width:776px" %)R&D and administrative offices
153 |Karlsruhe, Germany|46,000|(% style="width:776px" %)R&D and administrative offices
154 |Ennis County, Ireland|40,000|(% style="width:776px" %)Manufacturing, R&D and administrative offices
155 |Simsbury, Connecticut|32,500|(% style="width:776px" %)Manufacturing, R&D and administrative offices
156 |Shanghai, China|21,000|(% style="width:776px" %)R&D, sales and marketing support and administrative offices
157 |Hsinchu, Taiwan|15,000|(% style="width:776px" %)R&D and administrative offices
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159 = References =
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161 {{putFootnotes/}}
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