Company Profile For Microchip Technology Inc

Microchip Technology Incorporated (Microchip) is engaged in developing and manufacturing specialized semiconductor products used by its customers for a variety of embedded control applications. The Company's product portfolio consists of eight-bit, 16-bit and 32 bit peripheral interface controller (PIC) microcontrollers, and 16-bit dsPIC digital signal controllers (DSCs), which feature on-board Flash (reprogrammable) memory technology. Microchip also offers a range of high-performance linear, mixed signal, power management, thermal management, battery management and interface devices. It also makes serial electrically erasable programmable read-only memory (EEPROMs). Its products also include microcontrollers, development tools, analog and interface products, and memory products. During the fiscal year ended March 31, 2009, the Company acquired Hampshire Company, HI-TECH Software and R&E International.

BRIEF: For the six months ended 30 September 2009, Microchip Technology Inc.'s revenues fell 22% to $419.6M. Net income fell 52% to $71.9M. Revenues reflect a decrease in sales volume. Net income also reflects a decrease in gross & operating profit margins, the presence of special charge, an increase in interest expenses, higher stock based compensation expenses related to equity incentive plan and lower interest income.