Microchip Technology Inc at Citi Global Technology Conference Transcript
Thanks for sticking around for the afternoon. I'm Chris Danely, senior semi analyst here, emphasis on senior, semi analyst here at Citigroup. Next up is the company -- actually the first company I ever started covering in semis way back in 1997. That might have even been before Ganesh's time at Microchip, and I've long been an admirer of this company. I think it's simply one of the best business models in the semis.
You have 2 businesses, both very complementary, high-end microcontroller, high-end analog, high sustainable margins, generates a ton of cash. Microchip, in our opinion, has clearly been the most successful M&A story in semis. And even though they've done M&A, their margins keep hitting new highs. And even better than that, what they don't spend on buying a company, they give it all back to you guys.
So here today is Ganesh Moorthy, the President and CEO. He's going to make a short presentation, and then we'll dig into Q&A. I'll let you take it away Ganesh.
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