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With a market cap of around $29 billion, Chandler, Arizona-based Microchip Technology Incorporated (MCHP) is a leading provider of smart, connected, and secure embedded control solutions, serving markets across the Americas, Europe, and Asia. It develops and manufactures microcontrollers, analog and interface products, and memory solutions for embedded systems.
Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Microchip Technology fits this criterion perfectly. Its diverse product portfolio includes 8-bit, 16-bit, and 32-bit microcontrollers, mixed-signal processors, field-programmable gate arrays (FPGAs), and power management solutions. The company serves industries like automotive, industrial, computing, and communications.