Microchip Technology

Microchip Technology Inc.
Public corporation
Traded as NASDAQ: MCHP
NASDAQ-100 Component
S&P 500 Component
Industry Semiconductors
Founded 1989 (1989)
Headquarters 2355 W Chandler Blvd
Chandler, AZ 85224, USA
Key people
 Steve Sanghi, Chairman & CEO
J. Eric Bjornholt, CFO
Ganesh Moorthy, President & COO
Products Microcontrollers
Serial EEPROMs
Serial SRAM
Analog ICs
Revenue Increase$3.981 billion (2018)[1]
Number of employees
 14,234[2] (2018)
Website www.microchip.com
A 1988 vintage Microchip PIC16CR54 with the Apple Desktop Bus protocol pre-programmed, before they became an independent company, as used in a Macintosh SE.

Microchip Technology Inc. is an American publicly-listed corporation that is a manufacturer of microcontroller, mixed-signal, analog and Flash-IP integrated circuits. Its products include microcontrollers (PIC, dsPIC, AVR and SAM), Serial EEPROM devices, Serial SRAM devices, embedded security devices, radio frequency (RF) devices, thermal, power and battery management analog devices, as well as linear, interface and wireless solutions. Examples of these solutions include USB, zigbee, MiWi, LoRa, SIGFOX and Ethernet.

Corporate headquarters are located in Chandler, Arizona, with wafer fabs in Tempe, Arizona, Gresham, Oregon, and Colorado Springs, Colorado, assembly/test facilities in Chachoengsao, Thailand and Calamba, Philippines. Sales for the fiscal year ending on March 31, 2018 were $3.981 billion.[3]

History

Microchip Technology was founded in 1987 when General Instrument spun off its microelectronics division as a wholly owned subsidiary.[4] Microchip Technology became an independent company in 1989 when it was acquired by a group of venture capitalists, and went public in 1993.[5]

In April 2009, Microchip Technology announced the nanoWatt XLP Microcontrollers, claiming the world's lowest sleep current.[6] Microchip Technology had sold more than 6 billion microcontrollers as of 2009.[7]

In April 2010, Microchip acquired Silicon Storage Technology (SST),[8] and sold several SST flash memory assets to Greenliant Systems in May that year.[9]

As of 2011, Microchip Technology ships over a billion processors every year. In September 2011, Microchip Technology shipped the 10 billionth PIC microcontroller.[10]

In August 2012, Microchip acquired Standard Microsystems Corporation (SMSC).[11] Among SMSC's assets were those it had previously acquired from Symwave, a start-up that specialized in USB 3.0 chips, and two hi-fi wireless audio companies — Kleer Semiconductor and Wireless Audio IP BV.[12][13][14]

In January 2016, Microchip agreed to buy Atmel for $3.56 billion.[15][16][17] JPMorgan Chase advised Microchip while Qatalyst Partners advised Atmel.[18]

In March 2018, Microchip acquired Microsemi Corporation (NASDAQ: MSCC). The acquisition price represents a total equity value of about $8.35 billion, and a total enterprise value of about $10.15 billion, after accounting for Microsemi’s cash and investments, net of debt, on its balance sheet at December 31, 2017.[19]

Products

Microchip develops a wide range of microcontrollers and integrated circuits (ICs), for the hobbyist and professional markets.

Microcontrollers

Microchip is widely known for their line of PIC microcontrollers, and their MCU-related product line includes:

  • PIC microcontrollers
    • 8-bit MCUs - PIC10, PIC12, PIC16, PIC18
    • 16-bit MCUs - PIC24, dsPIC
    • 32-bit MCUs - PIC32MX, PIC32MZ
  • Legacy Intel MCS-51 MCUs
  • KEELOQ MCUs for security applications
  • rfPIC MCUs for wireless sensor applications
  • AVR microcontrollers
    • tinyAVR MCUs
    • megaAVR MCUs
    • AVR XMEGA MCUs
  • SAM Arm-based microcontrollers and microprocessors
  • Computer software
    • MPLAB IDE
    • MPLAB Xpress
    • C and C++ compilers for PIC/dsPIC MCUs
    • Code libraries for PIC/dsPIC MCUs
    • Atmel START for AVR and SAM MCUs
  • Development hardware

Integrated circuits

The Microchip product line of integrated circuits include:

  • Memory storage devices
  • Interface devices
  • Power management devices
    • Battery charge controllers (Li-Ion, NiMH, Multi-Chemistry)
    • Power MOSFETs
    • Voltage regulators
  • Motor drivers
    • PWM-based controllers
    • DC motor controllers
    • BLDC motor controllers
  • Touch sensing
    • mTouch (capacitive sensor technology)
    • RightTouch (turn-key capacitive sensor technology)
    • GestIC (3D Tracking and gesture detection technology)
    • Haptics (Eccentric Rotating Mass (ERM) actuators)
  • Ultrasound devices
    • Ultrasound switches
    • Ultrasound transmitters

Leadership[20]

Steve Sanghi

Chief Executive Officer, Microchip Technology Inc.

Ganesh Moorthy

President & Chief Operating Officer, Microchip Technology Inc.

J. Eric Bjornholt

Vice President and Chief Financial Officer, Microchip Technology Inc.

Stephen V. Drehobl

Vice President, MCU8 Division, Microchip Technology Inc.

Mitchell R. Little

Vice President, Worldwide Sales and Applications, Microchip Technology Inc.

Richard J. Simoncic

Vice President, Analog Power and Interface Division, Microchip Technology Inc.

Appointed Officers

Mathew B. Bunker, Vice President, Back-End Operations

Stephen T. Caldwell, Vice President, Wireless Products Division

Lauren A. Carr, Vice President, Human Resources

Kathryn A. Clevenger, Vice President, Fab 4 Operations

Nuri Dagdeviren, Vice President, Security Products Group

Rod Drake, Vice President, MCU32 Division

Randall L. Drwinga, Vice President, Memory Products Division

Fanie Duvenhage, Vice President, Human Machine Interface Division

Michael A. Finley, Vice President, Fab Operations

Thomas J. Grune, Vice President, Americas Sales

Ian F. Harris, Vice President, Computing Products Group

Sudarshan Iyengar, Vice President, India Development Center

Patrick Johnson, Vice President, Mixed Signal and Linear Division

Matthias Kaestner, Vice President, Automotive

Rami Kanama, Vice President, Timing and Communication Group

Joseph R. Krawczyk, Vice President, Asia Sales

Bryan J. Liddiard, Vice President, Marketing for Mixed Signal and Linear Division

Dan Malinaric, Vice President, Fab 5 Operations

Gary P. Marsh, Vice President, European Sales

Sumit K. Mitra, Vice President, Wireless Solution Group & MCU32 Division

Mitchel Obolsky, Vice President, USB and Networking Group & MCU16 Division

Greg Perzanowski, Vice President, Quality & Reliability Systems

Kenneth N. Pye, Vice President, Worldwide Applications Engineering

Mark W. Reiten, Vice President, Licensing

David Sadler, Vice President, Finance & Corporate Controller

Nawaz Sharif, Vice President, Europe Finance

Joseph Thomsen, Vice President, MCU16 Division

Alfredo Vadillo, Vice President, MPU32 & Aerospace

Kimberly van Herk, Vice President, General Counsel and Corporate Secretary

Robert Williams, Vice President, Global Information Services

Ian (Kai Man) Yue, Vice President, SuperFLASH Design

Acquisitions

HI-TECH Software

HI-TECH Software was an Australian-based company that provides ANSI C compilers and development tools. Founded in 1984, the company is best known for its HI-TECH C PRO compilers with whole-program compilation technology, or Omniscient Code Generation (OCG).[21][22] HI-TECH Software was bought by Microchip on 20 February 2009,[23] whereupon it refocused its development effort exclusively on supporting Microchip products.[24]

Supported manufacturers and architectures :

Silicon Storage Technology

EPROM 28EE011 made by SST
SuperFlash memory chip

Silicon Storage Technology, Inc. (SST) was a Sunnyvale, California, United States, technology company producing non-volatile memory devices and related products.[26][27] SST supplied NOR flash and other integrated circuits for high-volume applications.[28]

Bing Yeh co-founded SST in August 1989, and served as its chief executive.[29]

At the 1992 Fall COMDEX trade show, SST introduced the first single-board 30 MB 2.5" solid-state drive with standard hard-disk ATA interface and a 5 MB PC Card memory card with built-in controller and firmware.[30]

In 1993, SST moved its headquarters to Sunnyvale. That same year, SST introduced its first SuperFlash technology products, with lower costs and faster write speeds. By the end of 1995, more than 90% of the PC motherboards produced in Taiwan had adopted SST's 1 Mbit SuperFlash EEPROM product for the BIOS storage. The company had its initial public offering November 21, 1995, trading on the NASDAQ market under the symbol SSTI.[31] Analytical models of SuperFlash were published.[32][33] A five-year licensing agreement was announced in January 1999 with Acer Inc..[34] A 1997 lawsuit filed by Intel was settled in May 1999 after mediation.[35]

In 2004, SST began to diversify beyond flash memory products, targeting consumer and industrial products with embedded solid-state data storage and RF wireless communication.[36] In September 2004 SST purchased a majority stake in Emosyn, which designed products for SIM cards. In October it announced the acquisition of G-Plus, based in Santa Monica, California.[36]

In 2006, SST announced a joint development agreement with Taiwan Semiconductor Manufacturing Company (TSMC) to develop 90 nm SuperFlash technology.[37]

SST had its stock option grant practices investigated by the US Securities and Exchange Commission, ending in June 2008.[38] It determined it needed to restate earnings, and was given a de-listing notice by NASDAQ for filing late reports from 2006 through 2007.[39] Business slowed in the Great Recession.The company announced a loss on reduced revenues, reducing its workforce by 17% in December 2008.[40]

In November 2009, Technology Resource Holdings offered to acquire the company for about $200 million, but a group of shareholders thought it was undervalued.[41] Starting in February 2010, private equity firm Cerberus Capital Management and public company Microchip Technology both made offers to acquire SST.[42][43] In April 2010, Microchip completed the acquisition for about $292 million.[44][45] Microchip sold several SST flash memory assets to Greenliant Systems (founded by Yeh) in May of that year.[46]

Other acquisitions

  • Atmel
  • EqcoLogic Inc.
  • ISSC Technologies Corporation
  • Micrel
  • Microsemi
  • SMSC
  • Supertex

References

  1. ↑
  2. ↑ "FORM 10-K" (PDF). Microchip Technology. 2018-05-18. p. 11. SEC 0-21184. Retrieved 2018-10-14. As of March 31, 2018, we had 14,234 employees.
  3. ↑ "Microchip Technology Announces Financial Results for Fourth Quarter And Fiscal Year 2018" (PDF).
  4. ↑ "General Instrument Microelectronics Renamed". Archived from the original on 2004-12-13.
  5. ↑ "Microchip Investor Relations - FAQs".
  6. ↑ Quick, Darren (April 30, 2009). "nanoWatt XLP Microcontrollers claim world's lowest sleep current". www.gizmag.com. Retrieved February 9, 2013.
  7. ↑ Brian Santo (May 2009). "25 Microchips That Shook the World". IEEE Spectrum. Retrieved 2012-04-01.
  8. ↑ "Microchip completes SST acquisition". EE Times. April 8, 2010. Retrieved 2016-02-22.
  9. ↑ Maleval, Jean-Jacques (May 27, 2010). "Greenliant Acquires Assets of Microchip". StorageNewsletter.com.
  10. ↑ Microchip Technology Delivers 10 Billionth PIC® Microcontroller
  11. ↑ "Microchip Technology and SMSC announce the completion of the acquisition of SMSC by Microchip Technology" (PDF) (Press release). Retrieved 2012-08-29.
  12. ↑ Mark LaPedus, November 15, 2010 SMSC acquires Symwave, EE Times
  13. ↑ http://www.eetimes.com/document.asp?doc_id=1256626
  14. ↑ http://www.eetimes.com/document.asp?doc_id=1173085
  15. ↑ "Microchip To Buy Atmel in Latest Semiconductor Deal". Fortune. January 20, 2016.
  16. ↑ Assis, Claudia. "Microchip Technology buys chip maker Atmel in $3.56 billion deal". MarketWatch. Retrieved 2016-01-21.
  17. ↑ By. "Microchip To Acquire Atmel for $3.56 Billion". Hackaday. Retrieved 2016-01-21.
  18. ↑ Picker, Leslie (2016-01-19). "Microchip Technology to Buy Atmel for Nearly $3.6 Billion". The New York Times. ISSN 0362-4331. Retrieved 2016-01-21.
  19. ↑ "MICROCHIP TECHNOLOGY TO ACQUIRE MICROSEMI". Microsemi Corporation InvestorRoom. Retrieved 2018-03-12.
  20. ↑ "Leadership | Microchip Technology". www.microchip.com. Retrieved 2018-07-04.
  21. ↑ Whole Program C Compiler Optimizes Across Modules
  22. ↑ Omniscient Code Generation - A whole-program compilation technology for superior code density and performance
  23. ↑ http://www.search.asic.gov.au/cgi-bin/gns030c?acn=002_724_549&juris=9&hdtext=ACN&srchsrc=1
  24. ↑ HI-TECH Customer Letter
  25. ↑ The Internet Archive's Wayback Machine saved a copy of the compiler, available here and a installing turorial is available here.
  26. ↑ Christensen, Clayton M. (1997). The innovator's dilemma: when new technologies cause great firms to fail. Boston, Mass.: Harvard Business School Press. p. 50. ISBN 978-0-87584-585-2.
  27. ↑ "SST Reports Second Quarter 2009 Financial Results". Press release. Silicon Storage Technology. July 28, 2009. Archived from the original on August 8, 2009. Retrieved October 1, 2013.
  28. ↑ "Silicon Storage Technology". StorageSearch.com. Retrieved 2011-04-04.
  29. ↑ Saxenian, AnnaLee (1999). Silicon Valley's new immigrant entrepreneurs. San Francisco: Public Policy Institute of California. p. 92. ISBN 978-1-58213-009-5.
  30. ↑ "Pioneers of the Digital Revolution". Goldsea Asian American Daily. 2006. Retrieved October 1, 2013.
  31. ↑ "Annual report for the Year ending December 31, 1996". Form 10K. US Securities and Exchange Commission. March 27, 1997. Retrieved October 1, 2013.
  32. ↑ H. Guan, D. Lee, and G. P. Lee (March 2003). "An analytical model for optimization of programming efficiency and uniformity of split gate source-side injection SuperFlash memory". IEEE Transactions on Electron Devices. 50 (3): 809–815. doi:10.1109/TED.2003.811416.
  33. ↑ Xian Liu, V. Markov, A. Kotov, Tho Ngoc Dang, A. Levi, I. Yue, A. Wang, and R. Qian (October 2006). "Endurance Characteristics of SuperFlash Memory". 8th International Conference on Solid-State and Integrated Circuit Technology: 763–765. doi:10.1109/ICSICT.2006.306479.
  34. ↑ "Chips are up for Acer: Deal with SST to bring welcome cash boost". The Register. January 14, 1999. Retrieved October 1, 2013.
  35. ↑ Mike Magee (May 14, 1999). "Intel and Silicon Storage settle lawsuit: A mediator has mediated". The Register. Retrieved October 1, 2013.
  36. 1 2 "SST 2004 Annual Report" (PDF). SST. April 22, 2005. Archived from the original (PDF) on August 1, 2012. Retrieved October 1, 2013.
  37. ↑ Nancy Gohring (August 21, 2006). "SST, TSMC to jointly develop 90nm SuperFlash: Companies plan to be the first on the market with licensable 90nm embedded flash technology". Info World. Retrieved October 1, 2013.
  38. ↑ "SST back in Nasdaq compliance, SEC investigation ends". San Jose Business Journal. July 7, 2008. Retrieved October 1, 2013.
  39. ↑ "SST gets Nasdaq warning over late financials". San Jose Business Journal. August 17, 2007. Retrieved October 1, 2013.
  40. ↑ "Silicon Storage lowers outlook, cuts jobs". San Jose Business Journal. December 17, 2008. Retrieved October 1, 2013.
  41. ↑ Mary Duan (January 5, 2010). "Shareholder group fights SSTI acquisition". San Jose Business Journal. Retrieved October 1, 2013.
  42. ↑ "Microchip Tech Raises Bid for Silicon Storage". New York Times Deal Book. March 9, 2010. Retrieved October 1, 2013.
  43. ↑ Andrew Johnson (March 9, 2010). "Microchip ups bid for tech company". The Arizona Republic.
  44. ↑ Mark LaPedus (April 8, 2010). "Microchip completes SST acquisition". EE Times. Retrieved October 1, 2013.
  45. ↑ "Microchip Tech Sews Up Silicon Storage Deal". New York Times Deal Book. April 9, 2010. Retrieved October 1, 2013.
  46. ↑ Maleval, Jean-Jacques (May 27, 2010). "Greenliant Acquires Assets of Microchip". StorageNewsletter.com. Retrieved October 1, 2013.
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