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Microchip Technology Incorporated

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A maker of microcontrollers and other embedded control chips—the small computers-on-a-chip that power everything from car engines to industrial machinery. Its product lineup spans the well-known PIC microcontroller family, analog chips, FPGAs, and memory, sold to about 101,000 customers. The company began in 1987 as a spinoff of General Instrument's microelectronics division, gained independence in 1989, and expanded through its 2018 purchase of Microsemi. A fun quirk: "PIC" originally stood for "Peripheral Interface Controller," reflecting the chips' early job of offloading tasks from larger processors.

1.625% Convertible Senior Subordinated Notes due 2025