Printer Friendly

MICROCHIP TECHNOLOGY INC. PUBLIC OFFERING OF COMMON STOCK

 CHANDLER, Ariz., Nov. 9 /PRNewswire/ -- Microchip Technology Inc. (NASDAQ: MCHP) announced today that it made a public offering of 1,400,000 shares of common stock at a price of $33.50 per share. Of the 1,400,000 shares, the company sold 500,000 shares and selling shareholders sold 900,000 shares. In addition, Microchip has granted the underwriters a 30-day option to purchase up to 210,000 shares of common stock to cover over-allotments. The offering was made by Alex, Brown & Sons Inc. and Cowen & Co.
 Microchip Technology is a leading supplier of field programmable 8-bit microcontrollers and related specialty memory products for high- volume embedded control solutions. Microchip addresses the growing need for innovative embedded control applications in the consumer, automotive, office automation, communication and industrial control markets with products that feature the industry's most economical OTP (one-time programmable) capability. The company is headquartered near Phoenix in Chandler, with wafer facilities in both Chandler and Tempe, Ariz. and has a wholly owned subsidiary performing assembly and test in Kaohsiung, Taiwan. Microchip employs approximately 1,150 employees worldwide, and has sales offices located throughout Asia, Europe, Japan and North America.
 NOTE: The Microchip logo and name are registered trademarks of Microchip Technology Inc. All rights reserved.
 -0- 11/9/93
 /CONTACT: Philip Chapman of Microchip, 602-786-7200; or Richard Burger of Martz & Wadas, 602-998-3154/
 (MCHP)


CO: Microchip Technology Inc. ST: Arizona IN: CPR SU: OFR

MF-LM -- SD014 -- 2511 11/09/93 19:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 9, 1993
Words:245
Previous Article:DENISON MINES LIMITED REPORTS RESULTS
Next Article:NAACP, LULAC FILE PETITION AT FCC TO BAR QVC-TCI TAKEOVER OF PARAMOUNT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters