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    Janet Ramkissoon • Quadra Capital

    Janet Ramkissoon's questions to Microchip Technology Inc (MCHP) leadership

    Janet Ramkissoon's questions to Microchip Technology Inc (MCHP) leadership • Q1 2026

    Question

    Janet Ramkissoon inquired about the potential impact of a declining U.S. dollar on the company's financials and asked for an update on business trends in China.

    Answer

    CFO Eric Bjornholt explained that foreign currency fluctuations have a minimal impact as over 99% of revenue is in U.S. dollars. CEO Steve Sanghi reported that business in China was very strong, growing about 14% sequentially in the June quarter, and is performing well despite broader concerns about tariffs.

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    Janet Ramkissoon's questions to Microchip Technology Inc (MCHP) leadership • Q1 2026

    Question

    Janet Ramkissoon asked about the financial impact of the recent decline in the U.S. dollar on Microchip's results. She also requested commentary on business trends in the Chinese market.

    Answer

    CFO Eric Bjornholt explained that foreign currency fluctuations have a minimal impact on Microchip, as over 99% of its revenue is in U.S. dollars. CEO Steve Sanghi described the business in China as 'very strong,' noting it bounced back with 14% growth from the March quarter to the June quarter and is performing very well at a business level, despite broader concerns about tariffs.

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    Janet Ramkissoon's questions to Microchip Technology Inc (MCHP) leadership • Q4 2025

    Question

    Janet Ramkissoon asked for more detail on the aerospace and defense business, particularly its exposure to 'new space' and 'new defense' players, and how the company's AI focus ties into this segment.

    Answer

    Management explained they are addressing the 'new space' market with rad-tolerant plastic products. However, CEO Steve Sanghi emphasized that the primary growth driver is the rebuilding of arsenals by the U.S. and NATO countries, where Microchip's products are ubiquitous. He recounted a European defense customer planning to double their business, underscoring the scale of this opportunity.

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    Janet Ramkissoon's questions to Microchip Technology Inc (MCHP) leadership • Q2 2025

    Question

    Janet Ramkissoon questioned the delay in finalizing the $162 million CHIPS Act award announced in January, asking if it was difficult to meet the requirements. She also asked if the company had ordered equipment early in anticipation of the funding.

    Answer

    CEO Ganesh Moorthy and COO Rich Simoncic clarified that the January announcement was a preliminary memorandum, not a final award, and that finalizing it has been a learning process for both the government and Microchip due to the complexity of the semiconductor industry. Moorthy stated definitively that they did not order equipment in anticipation of the funds; business decisions were made in parallel based on business needs.

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