Microchip Technology Secures New Credit Line

1 June 2000

Microchip Technology Secures New Credit Line

    CHANDLER, Ariz.--June 1, 2000--Microchip Technology Inc. Thursday announced it has secured a new $100 million credit facility, expandable to $150 million, from a syndication lead by Bank One and comprised of Wells Fargo, Bank of America, Northern Trust and Banca de Roma.
    The credit facility will be used to fund capital expenditures, working capital growth and general corporate requirements.
    Microchip Technology Inc. manufactures the widely popular PICmicro(R) RISC microcontrollers which serve 8- and 16-bit embedded control applications.
    Specializing in field-programmable and mixed-signal solutions, the company also offers complementary microperipheral products including stand-alone analog, interface and microID(TM) RFID devices; serial EEPROMs; and the patented KEELOQ(R) security devices.
    This synergistic product portfolio targets thousands of applications and a growing demand for high-performance designs in the automotive, communications, computing, consumer and industrial control markets. The company's quality systems are ISO 9001 (1994 version) and QS9000 (1998 version) certified.
    Microchip is headquartered near Phoenix in Chandler, with semiconductor fabrication facilities in both Chandler and Tempe, Ariz., and assembly and test operations near Bangkok, Thailand. Microchip employs approximately 2,600 people worldwide and has sales offices throughout Asia, Europe, Japan and the Americas.
    Note: The Microchip name and logo, PIC, PICmicro, and KEELOQ are registered trademarks of Microchip Technology Inc. in the USA and other countries. microID is a trademark of Microchip Technology Inc. in the USA and other countries. All other trademarks are the property of their respective owners.