<SEC-DOCUMENT>0000827054-21-000266.txt : 20211005
<SEC-HEADER>0000827054-21-000266.hdr.sgml : 20211005
<ACCEPTANCE-DATETIME>20211005173544
ACCESSION NUMBER:		0000827054-21-000266
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211001
FILED AS OF DATE:		20211005
DATE AS OF CHANGE:		20211005

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DREHOBL STEPHEN V
		CENTRAL INDEX KEY:			0001282830

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21184
		FILM NUMBER:		211307925

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICROCHIP TECHNOLOGY INC
		CENTRAL INDEX KEY:			0000827054
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				860629024
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		2355 W CHANDLER BLVD
		CITY:			CHANDLER
		STATE:			AZ
		ZIP:			85224-6199
		BUSINESS PHONE:		480-792-7200

	MAIL ADDRESS:	
		STREET 1:		2355 WEST CHANDLER BLVD
		CITY:			CHANDLER
		STATE:			AZ
		ZIP:			85224-6199
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_163346971645701.xml
<DESCRIPTION>FORM 4
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        <issuerName>MICROCHIP TECHNOLOGY INC</issuerName>
        <issuerTradingSymbol>MCHP</issuerTradingSymbol>
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            <rptOwnerName>DREHOBL STEPHEN V</rptOwnerName>
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            <rptOwnerStreet1>C/O MICROCHIP TECHNOLOGY INCORPORATED</rptOwnerStreet1>
            <rptOwnerStreet2>2355 WEST CHANDLER BOULEVARD</rptOwnerStreet2>
            <rptOwnerCity>CHANDLER</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85224-6199</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Senior VP, MCU8/MCU16 BU</officerTitle>
            <otherText></otherText>
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                <transactionShares>
                    <value>3896</value>
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                <transactionPricePerShare>
                    <value>0</value>
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                    <value>A</value>
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    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.</footnote>
        <footnote id="F2">The restricted stock units will vest in full on November 15, 2025 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.</footnote>
        <footnote id="F3">Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.</footnote>
        <footnote id="F4">Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending September 30, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period.  The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs will vest on November 15, 2025 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.</footnote>
        <footnote id="F5">The restricted stock units vest in four quarterly installments of 974 shares beginning November 15, 2023, and eight quarterly installments of 486 shares beginning on November 15, 2024, as long as the individual remains a service provider through the vesting date.  Vested shares will be delivered to the reporting person upon vest.</footnote>
        <footnote id="F6">Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending September 30, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period.  The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs will vest ratably over eight quarters beginning on November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Deborah L. Wussler, as Attorney-in-Fact</signatureName>
        <signatureDate>2021-10-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
