Cautionary Statement:

The statements contained in this release relating to our ability to generate cash flow in future periods and our ongoing commitment to returning value to our shareholders are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to: actual cash flows generated from and used in the operation of our business; actual or projected levels of capital expenditures; our balance of cash and cash equivalents; changes in demand or market acceptance of our products and the products of our customers; the mix of inventory we hold and our ability to satisfy short-term orders from our inventory; changes in utilization of our manufacturing capacity and our ability to effectively ramp our production levels; our ability to control the level of operating expenses relative to our level of revenues, competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; the level of sell-through of our products through distribution; changes or fluctuations in customer order patterns and seasonality; costs and outcome of any current or future tax audit or any litigation involving intellectual property, customers or other issues; the impact of any significant acquisitions we may make; disruptions in our business or the businesses of our customers or suppliers due to natural disasters, terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally.

For a detailed discussion of these and other risk factors, please refer to Microchip's filings on Forms 10-K and 10-Q. You can obtain copies of Forms 10-K and 10-Q and other relevant documents for free at Microchip's Web site (www.microchip.com) or the SEC's Web site (www.sec.gov) or from commercial document retrieval services.

Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this November 4, 2009 press release, or to reflect the occurrence of unanticipated events.

About Microchip:

Microchip Technology Incorporated is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip Web site at www.microchip.com.

The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

SOURCE: Microchip Technology Incorporated

Microchip Technology Incorporated, Chandler 
INVESTOR RELATIONS: 
J. Eric Bjornholt, CFO, 480-792-7804 
Gordon Parnell, Vice President of Business Development 
and Investor Relations, 480-792-7374

The AZFirst/DeVry workshops will be 55 minutes in length, and will cover topics such as pneumatics, electrical, LabVIEW programming, Rookie Workshop, Google Docs, programming, fundraising/marketing, project management, team spirit and more. Carol Popovich, FIRST community relations representative, said, "AZFirst is pleased to collaborate with DeVry University to offer these workshops, which will enhance Science, Technology, Engineering and Math (STEM) education for Arizona FIRST robotics students and teachers."

AZFirst is the recipient of a $150,000 matching-funds grant from Science Foundation Arizona (SFAz) and The Stardust Foundation. Microchip Technology Inc. is the Organizing Sponsor for the 2010 FRC Arizona Regional. Other sponsors include Wells Fargo Bank and BAE Systems. More sponsors are currently being recruited to support this competition. For more information about sponsoring a team, AZFirst or FIRST in Arizona, contact Carol Popovich at 480-792-7938 or first@microchip.com. For more information about Science Foundation Arizona, contact Terry Koch (pronounced "Cook") at 602-682-2800 or tkoch@sfaz.org.

About DeVry University

As one of the largest degree-granting higher education systems in North America, DeVry University provides high-quality, career-oriented associate, Bachelor's and master's degree programs in technology, science, business and the arts. Nearly 70,000 students are enrolled at its 94 locations in 26 states and Canada, as well as through DeVry University's online delivery. DeVry University is accredited by The Higher Learning Commission of the North Central Association, http://www.ncahlc.org. DeVry University, a division of DeVry Inc. (NYSE: DV), is based in Oakbrook Terrace, Ill. For more information about DeVry University, visit http://www.devry.edu.

About FIRST

Accomplished inventor Dean Kamen founded FIRST (For Inspiration and Recognition of Science and Technology) in 1989 to inspire an appreciation of science and technology in young people. Based in Manchester, N.H., FIRST designs accessible, innovative programs to build self confidence, knowledge and life skills while motivating young people to pursue opportunities in science, technology and engineering.

The FIRST Robotics Competition challenges teams of young people and their mentors to solve a common problem in a six-week timeframe using a standard "kit of parts" and a common set of rules. Teams build robots from the parts and enter them in a series of competitions designed by Dean Kamen, Dr. Woodie Flowers, and a committee of engineers and other professionals. Students participating on FIRST teams are eligible to apply for over $11 million in scholarships. For more information, visit http://www.microchip.com/get/401137238078704.

About Science Foundation Arizona

Science Foundation Arizona (SFAz) is a 501(c)(3) nonprofit organization initiated in 2006 by the Greater Phoenix Leadership Inc., Southern Arizona Leadership Council and the Flagstaff Forty. Its goal is to build and strengthen science, engineering and biomedicine in areas of greatest strategic value to Arizona's competitiveness in the global economy. SFAz is investing in partnerships between non-profit research institutions and industry, and in the education pipeline to attract and support a knowledge-driven economy. For more information, visit http://www.sfaz.org.

About The Stardust Foundation

The Stardust Foundation is a non-profit corporation designed to selectively provide by-invitation-only grants to organizations that impact the linked concepts of family and neighborhood stability. For more information, visit http://www.stardustco.com/.

About Microchip Technology

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Ariz., Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com/get/401137261921296.

Note: The Microchip name and logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are property of their respective companies.

FIRST logo available via Editorial Contact or Flickr (feel free to publish):

http://www.microchip.com/get/401146233217593

Tags / Keywords: robot, FIRST, Dean Kamen, technology, science, math, robotics, engineering, education, FRC, robotics competition, STEM, Microchip Technology, Science Foundation Arizona

SOURCE: Microchip Technology Inc.

Microchip Technology Inc., Chandler 
Editorial Contact: 
Michelle Ragsdale, 480-792-4111 
michelle.ragsdale@microchip.com 
or 
Reader/Literature Inquiries: 
1-888-MCU-MCHP 
http://www.microchip.com/get/401137215740741

"The ability for element14 to showcase technologies, such as Microchip's nanoWatt XLP technology, is making a difference to electronic design engineers around the world who are under immense pressure to develop products with very fast time to market and meet a plethora of legislative and environmental criteria", says Joanne Volakakis, Global Marketing Manager. "We are thrilled that Microchip has seen the inherent opportunities of element14 and have worked with us to create this space."

The element14 site was launched in June, and brings Web 2.0 to the global design engineering community, along with open access to more than 10,000 technical documents. Unlike mainstream social networks, element14 users can, not only broadcast their personal status and discuss and post content, but also collaborate on designs in a public, restricted or private space.

Editor Note:

A high- and low-resolution screenshot of the element14 Microchip webpage is available at: http://www.pinnaclecrc.com/PR_PICTURES/Premier_Farnell/PF265/

About Microchip Technology

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com.

About element14

element14 is a new, innovative information portal and eCommunity specifically built for electronic design engineers. It provides product data, design tools and technology information, whilst incorporating web 2.0 functionality to facilitate communication, interaction, collaboration and information sharing between colleagues around the world. Users can consult experts, discover trends, post blogs, articles and comments in this world-wide forum.

element14 is another innovative offering from Premier Farnell plc (LSE:PFL), FTSE 250, a leader in multi-channel distribution and specialty services for electronic design engineers throughout Europe, the Americas and Asia Pacific. It has a stocked range of 480,000+ products, and access to 4,000,000 more items from 3,500 top manufacturers. The company has group sales of GBP 804.4m and over 4,100 employees globally.

For more information about element14 visit: www.element-14.com.

Note: PIC is a registered trademark of Microchip Technology Inc. in the USA and other countries. All other trademarks mentioned herein are the property of their respective companies.

SOURCE: element14

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