Microchip Technology : Minimum Stockholding Requirements

Dear Stockholders,

Because the Board of Directors (the "Board") and Executive Management of Microchip Technology Incorporated ("Microchip") believe that the interests of management and stockholders should be aligned, in 2003, the Board established stock ownership guidelines for Microchip's non-employee Board members, executive officers and certain other employees ("Covered Persons"). These guidelines were most recently updated in August 2019.

These guidelines require that within four years of appointment or promotion, Covered Persons must accumulate and hold a minimum dollar value of shares of Microchip common stock or a minimum number of shares of Microchip common stock (whichever is lower). Unvested equity awards do not count toward satisfying these ownership guidelines.

The following table lists the current stock ownership requirements of Microchip.

Position	Minimum Dollar Value	Minimum Number of Shares
Non-Employee Members	$150,000	2,000
of the Board of Directors
Chief Executive Officer	4 X Annual Base Salary	25,000
President and Chief	3 X Annual Base Salary	12,000
Operating Officer
Section 16(b) Executive	2 X Annual Base Salary	6,000
Officers
Senior Vice Presidents	0.75 X Annual Base Salary	4,000
Vice Presidents	0.5 X Annual Base Salary	2,000
Associate Vice Presidents,	0.4 X Annual Base Salary
Senior Technical Fellows, &	1,500
Senior Directors
Internal Directors &	0.3 X Annual Base Salary	1,000
Technical Fellows

MICROCHIP TECHNOLOGY INCORPORATED

Microchip Technology Incorporated - 2355 West Chandler Blvd. - Chandler, AZ 85224-6199 - Main Office 480-792-7200