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Mr. Hitoshi Tatsuno, Vice President of Operation Management Dept. & Purchasing Dept., Nidec Corporation, receives the 12 billionth PIC® Microcontroller trophy from Joe Krawczyk, Vice President, Sales, Asia Pacific, Microchip Technology Inc.

Microchip Delivers 12 Billionth Microcontroller

Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced the shipment of its 12 billionth PIC® microcontroller (MCU) to the Nidec Corporation—a preeminent global supplier of precision motors, based in Japan.  Microchip delivered this 12 billionth MCU approximately 10 months after delivering its 11 billionth.
Today’s announcement demonstrates the industry’s continued acceptance of Microchip’s 8, 16 and 32-bit PIC microcontrollers as the high-performance, low-power, cost-effective solution for embedded-control designs.

“The time between each of our 1 billionth shipments continues to accelerate, in the face of Microchip’s increasing MCU market share, and shipping our 12 billionth to a long-term customer like Nidec makes this achievement particularly gratifying,” said Microchip’s president and CEO Steve Sanghi.  “Motor control has always been one of our strengths, and the fact that such an esteemed global leader in motor manufacturing has continued using our PIC MCUs for so long is a testament to that strength.”

“We have reached this milestone because of the high quality of our PIC microcontroller portfolio and MPLAB® development systems, along with the outstanding support provided by our direct-sales team and sales-channel partners,” Sanghi continued.

A customer for more than 10 years, Nidec makes extensive use of Microchip’s 8-bit and 16-bit PIC MCUs and dsPIC® digital signal controllers with advanced motor-control peripherals.  Additionally, Nidec uses Microchip’s comprehensive platform of scalable motor-control development tools and free motor-control software, application notes and tuning guides to achieve rapid prototyping and shorten development cycles.

“Our longstanding relationship with Microchip Technology has been beneficial to both parties, and we have always valued the outstanding quality of their motor-control devices,” said Hitoshi Tatsuno, Nidec’s vice president of operation management department and purchasing department.  “We are honored to be the recipient of Microchip’s 12 billionth PIC microcontroller.”

Microchip serves more than 70,000 customers in over 65 countries, has shipped more than 1.4 million development tools to date, and partners with more than 130 global third-party tool manufacturers.  Additionally, Microchip has a broad portfolio of more than 1,000 8-, 16- and 32-bit PIC microcontrollers, and is the only company to support all of its microcontrollers and digital signal controllers under a single integrated development environment—the free MPLAB X IDE, which is open source and enables cross-platform development using the Linux, Mac OS® and Windows® operating systems.

microchip technology

Microchip Technology Acquires SMSC

Microchip Technology Incorporated, a leading provider of microcontroller, analog and Flash-IP solutions, and Standard Microsystems Corporation announced that Microchip has signed a definitive agreement to acquire Standard Microsystems Corporation (“SMSC”) for $37.00 per share in cash, which represents a total equity value of about $939 million, and a total enterprise value of about $766 million, after excluding SMSC’s cash and investments on its balance sheet of approximately $173 million. The acquisition has been approved by the Boards of Directors of each company and is expected to close in the third quarter of calendar 2012, subject to approval by SMSC stockholders, regulatory approvals and other customary closing conditions.

“We believe SMSC’s smart mixed-signal connectivity solutions aimed at embedded applications are an ideal complement to Microchip’s embedded control business,” said Steve Sanghi, Microchip’s President and CEO.  “This acquisition will expand Microchip’s range of solutions as SMSC contributes exciting new products and capabilities in the automotive, industrial, computing, consumer and wireless audio markets, significantly extending our served available market.”

“We are excited by the strategic possibilities presented by this acquisition,” continued Sanghi.  “SMSC in its most recent fiscal year ending February 29, 2012 reported net sales of $412 million, non-GAAP gross margin of 54.4% of sales, and non-GAAP operating profit of 12% of sales.  We expect this acquisition will be accretive to Microchip’s non-GAAP earnings in the first full quarter after completion of the acquisition.  We look forward to completing this transaction in the third calendar quarter of 2012.”

“This transaction represents a compelling opportunity for SMSC employees, customers and stockholders by combining the leading market position and world class operational excellence of Microchip Technology with the world class smart mixed-signal connectivity solutions from SMSC,” said Christine King, President and CEO of SMSC.  “We are pleased to become part of Microchip Technology, a premier company in the semiconductor industry.”

For more information on Microchip Technology, visit Microchip Technology’s website at microchip.com. Also Visit SMSC at www.smsc.com

roving networks

Microchip Technology Acquires Roving Networks

Microchip Technology Inc., a leading provider of microcontroller, analog and Flash-IP solutions, announced the acquisition of Roving Networks, an innovator in low-power embedded Wi-Fi and Bluetooth solutions based in Los Gatos, Calif. Roving Networks is a privately held, fabless semiconductor developer of Wi-Fi certified transceivers and FCC certified Wi-Fi and Bluetooth modules. The terms of the deal are confidential, and the transaction is expected to be immediately accretive on a non-GAAP basis.

“The ubiquity of Wi-Fi and Bluetooth connectivity is fueling a growing number of embedded applications that take advantage of this rapidly expanding wireless infrastructure,” said Ganesh Moorthy, Microchip’s COO. “Roving Networks’ easy-to-use solutions are tailor made for such embedded applications, and broaden the range of wireless connectivity options we offer customers to enable their end-product innovation.”

“Roving Networks’ wireless solutions are well positioned to capitalize on a number of embedded markets, including the market for smartphone accessories,” said Mike Conrad, Roving Networks’ CEO. “Microchip’s operational excellence combined with their broad customer reach and extensive channel presence will be key for the next stage of our growth.”

The Roving Networks team, headed by Mike Conrad, will continue to operate out of its Los Gatos office.

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