Microchip Is Benefiting From Robust, Broad-Based Demand Across Its Core Chip Markets

Microchip Technology is a leading supplier of microcontrollers, or MCUs, which are semiconductors that act as the brains in a wide variety of common electronic devices, from garage door openers to electric shavers to home appliances like dishwashers and all types of products in between. We view Microchip as one of the best-run firms within the chip space and like the firm’s ability to generate free cash flow under virtually any economic scenario.