Microchip’s corporate headquarters is situated in Chandler, Arizona. The company has water fabs in Gresham, Oregon and Tempe, Arizona. By the end of the fiscal year of 2013, the company reported sales amounting to $1,581,623,000. The company’s primary competitors include Analog Devices, Freescale, Atmel, Infineon, Maxim Integrated Products, Texas Instruments, Renesas Electronics, and STMicroelectronics.
Microchip Technology was founded in 1987 when General Instrument spun off its microelectronics business as a wholly owned subsidiary. The spun off business became an independent entity in 1989 after it was acquired by a group of venture capitalists. In 1993, it went public in NASDAQ as MHCP.
In April 2009, the company introduced the nanoWatt XLP Microcontrollers which feature the world’s lowest sleep current. In that year, Microchip sold over six billion microcontrollers. A year later, in April 2010, the company acquired Silicon Storage Technology (SST). After the acquisition, Microchip sold some of the SST flash memory assets to Greenliant Systems in May of 2010.
As of 2011, the company has been shipping more than a billion processors annually. In September of that year, the company shipped the 10 billionth PIC microcontroller.
In 2012, Microchip purchased Standard Microsystems Corporation (SMSC). Among SMSC’s assets were the ones that it had previously purchased from Symwave, which was a startup that specialized in the manufacture of USB 3.0 chips. SMSC also included the assets of two hi-fi wireless audio companies, the Kleer Semiconductor and Wireless Audio IP BV.
As of 2011, the company has about 7,000 employees and is led by CEO and President Steve Sanghi.
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