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Business Description
Microchip Technology Inc. develops and manufactures specialized semiconductor products used by its customers for embedded control applications. The Company's product portfolio consists of the PIC micro field-reprogrammable (Flash) reduced instruction set computer (RISC) microcontrollers that serve eight- and 16-bit embedded control applications, and linear and mixed-signal, power management and thermal management devices. It also offers microperipheral products, including interface devices, serial electrically erasable programmable read only memory (EEPROM) and its application-specific standard products (ASSPs). This product portfolio targets thousands of applications and a growing demand for high-performance designs in the automotive, communications, computing, consumer and industrial control markets.

Financial Information
For the six months ended 9/30/04, net sales rose 31% to $433.5 million. Net income totaled $104.2 million, up from $49.6 million. Results reflect higher demand for microcontroller products and improvements in capacity utilization.