Microchip Technology Celebrates Milestone in Armenia 

YEREVAN, ARMENIA, March 6, 2025 — Recently, Microchip Technology Inc. (Nasdaq: MCHP) celebrated the move to its new office in Yerevan, Armenia with a ribbon cutting ceremony attended by local government officials, industry leaders and company executives. Microchip’s presence in Armenia was established through the acquisition of Instigate Holding in 2023 and the local team officially moved into this dedicated office space in late 2024. Since the acquisition, Microchip has expanded its workforce by 43 percent, operating in four key locations across the country—Yerevan, Gyumri, Vanadzor and Ijevan—with a focus on hardware and software development, application engineering and customer support under Microchip’s Field Programmable Gate Array (FPGA) Business Unit.

"Microchip is honored to be a part of the significant growth taking place in Armenia's vibrant tech ecosystem," Shakeel Peera, vice president of marketing and strategy for Microchip’s FPGA business unit. "Our partnerships with local government, industry and educational leaders allow us to contribute to Armenia’s future as a hub for technological innovation.”

The event featured a reception with Armenia’s High-Tech Minister, Mkhitar Hayrapetyan, and members of the Union of Advanced Technology Enterprises (UATE) Board. Discussions centered on future collaboration and the continued growth of Armenia’s high-tech industry. The co-founders of Instigate, who played a pivotal role in building the team that led to Microchip’s acquisition, were also in attendance, highlighting the collaborative spirit that has driven the company’s success in the region.

To support the next generation of tech professionals, Microchip has been working closely with Real School in all four locations. A high school-level program that combines education and vocational training, Real School works to provide its graduates with the knowledge and technical skills to pursue positions in innovative, high-tech industries. This collaboration enables students as young as 16 to kickstart their careers in the IT sector through early internships, providing them with a direct path to employment at a globally recognized technology company.

To learn more about Microchip Technology visit microchip.com.

Resources
High-res images available through Flickr or editorial contact (feel free to publish):

• Event Images: https://flic.kr/s/aHBqjC4BMz

Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company solutions serve more than 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

# # # 

Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries.. All other trademarks mentioned herein are the property of their respective companies.