Microchip Technology Inc. is a publicly listed American corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. Its products include microcontrollers (PIC, dsPIC, AVR and SAM), Serial EEPROM devices, Serial SRAM devices, embedded security devices, radio frequency (RF) devices, thermal, power and battery management analog devices, as well as linear, interface and wireless products. Its corporate headquarters is located in Chandler, Arizona. Its wafer fabs are located in Tempe, Arizona, Gresham, Oregon, and Colorado Springs, Colorado. The company's assembly/test facilities are in Chachoengsao, Thailand, and Calamba and Cabuyao, Philippines. Sales for the fiscal year ending on March 31, 2022 were US$6.82 billion. Microchip Technology offers support and resources to educators, researchers and students in an effort to increase awareness and knowledge of embedded applications. Support includes access to labs, curricula and course materials, one-on-one consultations, online resources (e.g., code examples, textbook recommendations), training at regional training centers, silicon donations, assistance finding low cost development tools, free versions of Microchip programming tools and product discounts. Products Microchip Technology was founded in 1987 when General Instrument spun off its microelectronics division as a wholly owned subsidiary. The newly formed company was a supplier of programmable non-volatile memory, microcontrollers, digital signal processors, card chip on board, and consumer integrated circuits. An initial public offering later in the year was canceled because of the October 1987 stock market crash. Microchip Technology became an independent company in 1989 when it was acquired by a group of venture capitalists led by Sequoia Capital. In the same year, Microchip Technology announced the release of small, inexpensive 8-bit reduced instruction set computing (RISC) microcontrollers for $2.40 apiece whereas most RISC microcontrollers were 32-bit devices selling for hundreds of dollars. In 1990, 60% of Microchip Technology's sales were from the disc drive industry and the product portfolio relied heavily on commodity EEPROM products. The company was losing US$2.5 million per quarter, had less than 6 months of cash in reserve, had exhausted lines of credit, and was failing to control expenses. Early in the year, the venture capital investors accepted an offer to sell Microchip Technology to Winbond Electronics Corporation of Taiwan for $15M. Winbond Electronics backed out of the deal after the Taiwanese stock market decrease in May 1990. Vice President of Operations, Steve Sanghi, was named president and chief operating officer of Microchip Technology in 1990. After several quarters of losses, Sanghi oversaw Microchip Technology's transition