First Trade Date for Microchip Technology Inc.
| Company Name | First Trade Date (yyyy-mm-dd) |
| Microchip Technology Inc. | 1993-03-19 |
| Company Name | Symbol |
| Microchip Technology Inc. | MCHP |
| History and Business of Company (this information may include date of incorporation) | |
|
Microchip Technology, Inc. (MCHP) develops and manufactures specialized semiconductor products used for a wide variety of embedded control applications. The company's product portfolio comprises field-programmable RISC-based microcontrollers that serve 8- and 16-bit embedded control applications, and a broad spectrum of high-performance linear and mixed-signal, power management and thermal management devices. A microcontroller is a self-contained computer-on-a-chip, consisting of a central processing unit, non-volatile program memory, random access memory for data storage and various input/output capabilities. An embedded control system incorporates application-specific software and may include specialized peripheral device controllers and external non-volatile memory components, such as EEPROMs to store additional program software. MCHP offers a broad family of microcontroller products featuring a unique, proprietary architecture marketed under the PIC brand name. The company has shipped approximately 1.5 billion PIC microcontrollers to customers worldwide since their introduction in 1990. PIC products are designed for applications requiring high performance, low power and cost effectiveness. They feature a variety of memory technology configurations, low voltage and power, small footprint and ease of use. MCHP's products are incorporated into subassemblies in a wide variety of markets, including automotive air bag systems, remote controls, handheld tools, appliances, portable computers, cordless and cellular telephones, motor controls and security systems. In fiscal 2001, MCHP derived 65% of net sales from sales through distributors and 35% of net sales from direct sales to original equipment manufacturers (OEMs). Distributors accounted for 63% of net sales in fiscal 2000 and 59% in fiscal 1999. Foreign sales, primarily in Asia and Europe, represented 68% of total net sales in fiscal 2001, as compared to 68% in fiscal 2000 and 69% in fiscal 1999. In January 2001, MCHP and TelCom Semiconductor, Inc. announced that MCHP had completed the acquisition of TelCom. Under the terms of the acquisition agreement, the shareholders of TelCom received 0.53 of a share of MCHP for each TLCM share owned. MCHP issued about 9.8 million Common shares in the transaction, and assumed all stock options held by TLCM employees. INCORPORATED in Delaware in February 1989, to acquire in April 1989, the assets and business of a wholly owned subsidiary of General Instrument Corp. in consideration for the assumption of certain liabilities. OFFICE- 2355 West Chandler Boulevard, Chandler, AZ, USA 85224-6199 (Tel.: 480-792-7200). Fax - 480-792- 9210. WEBSITE-http://www.microchip.com. | |
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