Microchip Technology Inc. Watchdog Report ™ MCHP (NASDAQ Global) | CIK:827054 | United States | SEC llings The new model for duciary analysis Sep 24, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 3, 2021 for period ending Jun 2021 Business address: Chandler, Arizona, United States Reporting Irregularities RECENT HISTORICAL Industry: Semiconductor and Related Device Manufacturing (NAICS Financial Restatements 334413) SEC ler status: Large Accelerated Filer as of Jun 2021 Revisions Index member: S&P 500, Russell 1000 Out of Period Adjustments Market Cap: $45.3b as of Sep 24, 2021 Late Filings Annual revenue: $5.44b as of Mar 31, 2021 Impairments Corporate Governance Changes in Accounting Estimates CEO: Ganesh Moorthy since 2021 Disclosure Controls CFO: Eric J. Bjornholt since 2009 1st level Internal Controls

Board Chairman: Steve Sanghi since 1993 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE Anomalies in the Numbers 2nd level RECENT HISTORICAL Benford's Law Auditor: Ernst & Young LLP since 2001 Outside Counsel (most recent): Wilson Sonsini Goodrich & Rosati Beneish M-Score Osborn Maledon PA Accounting Disclosure Complexity 3rd level Securities & Exchange Commission Concerns RECENT HISTORICAL SEC Reviewer: (unknown) 4th level SEC Oversight

SEC Letters to Management

Revenue Recognition

Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation

Securities Class Actions

Shareholder Activism

Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes

How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities

Information in this report is effective Sep 24, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/03/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience

Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl.

Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group

Overview

Price and Volume History

This graph shows the price and trading history for Microchip Technology. Warning signs and red ags are marked on the graph according to their disclosure dates.

1 May 18, 2021 - Disclosure Controls 19 May 30, 2019 - Internal Controls

2 May 18, 2021 - Critical / Key Audit Matters 20 Apr 5, 2019 - SEC letters to management

3 May 18, 2021 - Critical / Key Audit Matters 21 Apr 5, 2019 - Revenue Recognition

4 May 18, 2021 - Critical / Key Audit Matters 22 Feb 6, 2019 - Disclosure Controls

5 Nov 5, 2020 - Change in CEO 23 Dec 17, 2018 - Lawsuit: Kistenmacher v. Sanghi et al

6 Sep 4, 2020 - SEC letters to management 24 Nov 8, 2018 - Lawsuit: James J Peterson et al v. Steven Sanghi et al

7 May 22, 2020 - Impairment 25 Nov 7, 2018 - Disclosure Controls

8 May 22, 2020 - Disclosure Controls 26 Sep 14, 2018 - Lawsuit: Jackson v. Microchip Technology Incorporated et al

9 May 22, 2020 - Critical / Key Audit Matters 27 Sep 14, 2018 - Securities Class Actions Lawsuit: Jackson v. Microchip Technology Inco…

10 May 22, 2020 - Critical / Key Audit Matters 28 Aug 9, 2018 - Disclosure Controls

11 May 22, 2020 - Critical / Key Audit Matters 29 Jun 21, 2018 - Lawsuit: Bandspeed LLC v. Microchip Technology Inc

12 Feb 4, 2020 - Disclosure Controls 30 May 18, 2018 - Impairment

13 Jan 8, 2020 - SEC letters to management 31 May 18, 2018 - Impairment

14 Nov 6, 2019 - Disclosure Controls 32 Mar 1, 2018 - Mergers & Acquisitions

15 Aug 7, 2019 - Disclosure Controls 33 Sep 1, 2017 - SEC letters to management

16 May 31, 2019 - Cybersecurity 34 May 30, 2017 - Impairment

17 May 30, 2019 - Impairment 35 May 30, 2017 - Disclosure Controls

18 May 30, 2019 - Disclosure Controls 36 Feb 8, 2017 - Disclosure Controls

Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 37 Nov 8, 2016 - Disclosure Controls 41 Mar 25, 2016 - SEC letters to management

38 Aug 30, 2016 - SEC letters to management 42 Feb 17, 2016 - Lawsuit: Leon et al v. Continental AG et al

39 Aug 9, 2016 - Disclosure Controls 43 Jan 19, 2016 - Mergers & Acquisitions

40 May 24, 2016 - Impairment

Notications

Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules.

There are no notications for Microchip Technology at least since 2016.

Peer Group

Peer groups are used by companies to benchmark executive compensation and performance. Each company identies its own peer group. Peer groups vary from company to company.

Peer Group Companies Who Named Microchip Technology as a Peer Company Ticker Market Cap Company Ticker Market Cap Broadcom Inc. AVGO $208b Advanced Micro Devices AMD $128b Texas Instruments Inc. TXN $196b Lam Research Corp. LRCX $86.9b Analog Devices Inc. ADI $65.7b Analog Devices Inc. ADI $65.7b NXP Semiconductors N.V. NXPI $57b NXP Semiconductors N.V. NXPI $57b Microchip Technology Inc. MCHP $45.3b KLA Tencor Corp. KLAC $56.4b STMicroelectronics N.V. STM $42.3b Marvell Technology, Inc. MRVL $52.4b Maxim Integrated Products Inc. MXIM $27.7b Synopsys Inc. SNPS $49.1b Monolithic Power Systems Inc. MPWR $23.8b Microchip Technology Inc. MCHP $45.3b On Semiconductor Corp. ON $19b Xilinx Inc. XLNX $38.9b Arrow Electronics Inc. ARW $8.16b Skyworks Solutions, Inc. SWKS $28.5b

Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison

The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Microchip Technology's accounting quality compare to its peer group?

MCHP PEER GROUPFLAGS MCHP PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures

Financial Restatements 9 Signicant Litigation 1 4 4

Revisions 9 Securities Class Actions 6 3

Out of Period Adjustments 9 Shareholder Activism 8 1

Impairments 2 7 Cybersecurity 9

Changes in Accounting Estimates 4 5 Management Review

Disclosure Controls 2 6 1 CEO Changes 5 2 1

Internal Controls 9 CFO Changes 1 5 2

Critical / Key Audit Matters 7 2 Insider Sales 1 4 4

Pledged Securities 8 1 Anomalies in the Numbers

Benford's Law 5 4 Mergers & Acquisitions 5 3 1

Beneish M-Score 6 2 Sales of Assets 9

Accounting Disclosure Complexity 1 8 Auditor Assessment

Auditor Changes 6 3 Securities & Exchange Commission Concerns

SEC Oversight 7 2 Auditor Experience 9

SEC Letters to Management 9 Auditor Tenure 6 3

Revenue Recognition 9 Audit Fees 6 3

Non-GAAP Measures 9 Non-Audit Fees 5 4

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Watchdog Research, Inc. is an independent research provider and publisher of Watchdog Reports. Watchdog Reports identify red ags, issues, and other anomalies in nancial reporting. Our reports contain warning signs, red ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and idea generation.

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