0000000000-18-035841.txt : 20190405 0000000000-18-035841.hdr.sgml : 20190405 20181120123243 ACCESSION NUMBER: 0000000000-18-035841 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20181120 FILED FOR: 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 FILING VALUES: FORM TYPE: UPLOAD 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 PUBLIC REFERENCE ACCESSION NUMBER: 0001628280-18-006982 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S,U M,3$O3R Q,2]%(#(X,38W+TX@,B]4(#,S,C$T+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)S%5MMRVS80?==7[*,Z(S$$>.^;G=B9M),F;M3QM&\4 M"9I(24(&*"GZCO0#]*E=\!:*E[$U?:@]'$D@<';W[)Y=/"^>P?9-T/^^ VX MKNM!E,,;GC\1>"?@8?&P>%[<;A;XSG,H;.*%"6O:2"VXQD6;/+%FWL"!(&2Q?*GS5<-TMMJN43OM9W!SM_$@>5;)H&: M*WR(WQR=MEY[,.?9M>NC2*AOT.E(YMV9AZ3@$FH$ \ [R2.X_2IDD8JL'!.% MQYS &QQZFW*6P#TOPB+B80:?DH1'3$Z?]HE!!N<_\DB**.4[V+ H+40FGDXK M^%!$QC2$ZXR(H);CP*,!;].PB#-,V&UVB&>.V\&H(MIC*[CY"RN24GOBJ$Z" M8SG&L$A>41,]&&+ZAH= U&J#H"W0[^SGL5EB$<,ED_NOX:V%,3LY=##W0N;H MUOI72(2$,F682A5A'O]DH82[(F8Q? 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M-^UEOM/$YE,7G;'C](M#[J&)?( X^%2_+&OK?^&Z$S[ZBD*U=; TEXT-EXTRACT 2 filename2.txt November 20, 2018 Eric Bjornholt Chief Financial Officer Microchip Technology, Inc. 2355 W. Chandler Blvd. Chandler, AZ 85224 Re: Microchip Technology, Inc. Form 10-K for the Fiscal Year Ended March 31, 2018 Filed May 18, 2018 Form 8-K filed on November 7, 2018 Response dated October 4, 2018 File No. 000-21184 Dear Mr. Bjornholt: We have reviewed your October 4, 2018 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our September 25, 2018 letter. Form 8-K filed on November 7, 2018 Exhibit 99.1, page 11 1. We note your response to prior comment 2. The use of the term "net sales" within the title of your non-GAAP measure implies that it is derived from GAAP, when in fact, it is not a GAAP measure. Please revise the title of your "non-GAAP net sales" measure to more appropriately reflect the fact that this measure represents the sales of your product by your distributors to end customers during the period. Eric Bjornholt Microchip Technology, Inc. November 20, 2018 Page 2 2. Further, non-GAAP measures that reflect the impact of changes in distributor inventory levels substitute individually tailored revenue recognition and measurement methods for those of GAAP and do not comply with the guidance in Question 100.04 of the Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. Please revise accordingly. You may contact Tara Harkins at (202) 551-3639 or Lynn Dicker, Senior Accountant, at (202) 551-3616 if you have any questions. FirstName LastNameEric Bjornholt Sincerely, Comapany NameMicrochip Technology, Inc. Division of Corporation Finance November 20, 2018 Page 2 Office of Electronics and Machinery FirstName LastName