Microchip Technology Declares Quarterly Money Dividend Increase to 39 Cents For each Share

Susan R. Jones

CHANDLER, Ariz., Feb. 04, 2021 (World NEWSWIRE) — (NASDAQ: MCHP) – Microchip Engineering Incorporated, a primary company of wise, linked and secure embedded control methods, currently announced that its Board of Administrators has declared a quarterly hard cash dividend on its common inventory of 39 cents per share. The dividend is payable on March 8, 2021 to stockholders of document on February 22, 2021. Microchip initiated quarterly cash dividend payments in the 3rd quarter of fiscal calendar year 2003 and has increased its dividend 66 instances due to the fact its inception.

“Microchip’s monetary functionality in the December 2020 quarter was sturdy driving considerable hard cash era and credit card debt reduction,” claimed Steve Sanghi, Main Government Officer. “As we proceed to make sizeable progress in the direction of our credit card debt reduction aims, our Board has made the decision to return more money to our stockholders through a increased dividend as aspect of our income return system. Our Board is pleased to declare a 5.8% improve in our quarterly dividend to a report 39 cents for each share, which continues to mirror assurance in the hard cash-generating ability of our small business, as effectively as our ongoing commitment to returning price to our stockholders.”

Cautionary Statement:

The statements contained in this launch relating to continuing to make important development toward our personal debt reduction goals, returning added income to our stockholders through a greater dividend as portion of our money return technique, the hard cash-generating functionality of our company and our ongoing dedication to returning benefit to our stockholders are ahead-wanting statements produced pursuant to the harmless harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These statements requires dangers and uncertainties that could result in actual results to vary materially, like, but not restricted to: uncertainties similar to the impression of the COVID-19 pandemic on the financial state, our enterprise and the business enterprise of our clients and suppliers, precise hard cash flows created from and applied in the procedure of our company real or projected ranges of capital expenses our equilibrium of funds and investments changes in the tax costs that our stockholders spend on our dividends or other adjustments in U.S. tax guidelines which includes the Tax Reduce and Work opportunities Act of 2017 our available borrowings less than our credit agreement the influence of any major acquisitions we may perhaps make our skill to know the expected positive aspects of our acquisitions, adjustments in

demand or current market acceptance of our products and solutions and the solutions of our clients and our ability to fulfill any will increase in marketplace need the blend of inventory we maintain and our potential to satisfy quick-expression orders from our stock changes in utilization of our manufacturing potential and our means to effectively handle our output degrees and enhance output to satisfy any will increase in industry desire our capacity to manage the amount of running charges relative to our degree of revenues competitive developments which includes pricing pressures the level of orders that are been given and can be transported in a quarter variations or fluctuations in buyer order styles and seasonality the costs and final result of any present or long term litigation or other matters involving our Microsemi acquisition, the Microsemi enterprise, mental assets, customers, or other problems the charges and final result of any present or foreseeable future tax audit or investigation about our business enterprise or the company of Microsemi disruptions in our company or the organizations of our buyers or suppliers owing to all-natural disasters (such as any floods in Thailand), terrorist activity, armed conflict, war, globally oil costs and source, general public wellbeing worries (which includes COVID-19) or disruptions in the transportation system and normal financial, marketplace or political situations in the United States or internationally.

For a in-depth dialogue of these and other hazard aspects, you should refer to Microchip’s filings on Kinds 10-K and 10-Q. You can get hold of copies of Types 10-K and 10-Q and other pertinent documents for totally free at Microchip’s website (www.microchip.com) or the SEC’s website (www.sec.gov) or from professional document retrieval providers.

Stockholders of Microchip are cautioned not to put undue reliance on our forward-looking statements, which communicate only as of the date this kind of statements are manufactured. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect functions, instances or new data right after this February 4, 2021 press launch, or to reflect the incidence of unanticipated events.

About Microchip:

Microchip Technology Integrated is a foremost supplier of wise, related and protected embedded manage options. Its uncomplicated-to-use progress instruments and complete merchandise portfolio enable prospects to create best layouts, which cut down hazard whilst reducing whole process expense and time to sector. The company’s methods provide far more than 120,000 prospects throughout the industrial, automotive, client, aerospace and protection, communications and computing markets. Headquartered in Chandler, Arizona, Microchip delivers superb technological assistance along with reliable shipping and delivery and high quality. For far more information and facts, take a look at the Microchip internet site at www.microchip.com.

The Microchip logo and identify are registered emblems of Microchip Know-how Included.

Investor RELATIONS Contact:
J. Eric Bjornholt – CFO (480) 792-7804

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