# Microchip Technology

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American integrated circuit company

This article is about the company named "Microchip Technology". For the technology, see [Microchip](/source/Microchip).

Microchip Technology Incorporated Fab 4 in Gresham, Oregon, Microchip's largest wafer fab Type Public Traded as Nasdaq: MCHP Nasdaq-100 component S&P 500 component Industry Semiconductors Founded February 14, 1989; 37 years ago (1989-02-14) Headquarters Chandler, Arizona, U.S. Key people Steve Sanghi (president, CEO & chairman) J. Eric Bjornholt (CFO) Products Microcontrollers Serial EEPROMs Serial SRAMs Analog ICs Revenue US$4.40 billion (2025) Operating income US$296 million (2025) Net income US$−2.7 million (2025) Total assets US$15.4 billion (2025) Total equity US$7.08 billion (2025) Number of employees 19,400 (2025) Website microchip.com Footnotes Financials as of March 31, 2025[update].[1]

**Microchip Technology Incorporated** is an American publicly traded [semiconductor](/source/Semiconductor) corporation that manufactures [microcontrollers](/source/Microcontroller), [microprocessors](/source/Microprocessor), [integrated circuits](/source/Integrated_circuit) (digital, [mixed-signal](/source/Mixed-signal_integrated_circuit), and [analog](/source/Analog_integrated_circuit)), and [flash memory](/source/Flash_memory).

Its corporate headquarters is located in [Chandler, Arizona](/source/Chandler%2C_Arizona). Its wafer [fabs](/source/Semiconductor_fabrication_plant) are located in [Gresham, Oregon](/source/Gresham%2C_Oregon), and [Colorado Springs, Colorado](/source/Colorado_Springs%2C_Colorado). The company's assembly/test facilities are in [Chachoengsao, Thailand](/source/Chachoengsao), and [Calamba](/source/Calamba%2C_Laguna) and [Cabuyao](/source/Cabuyao), Philippines.

## History

### Origins

Microchip Technology was founded in February 14, 1989 when [General Instrument](/source/General_Instrument) spun off its microelectronics division as a wholly owned subsidiary.[2][3][4] The newly formed company was a supplier of programmable [non-volatile memory](/source/Non-volatile_memory), [microcontrollers](/source/Microcontroller), [digital signal processors](/source/Digital_signal_processor), card [chip on board](/source/Chip_on_board), and consumer [integrated circuits](/source/Integrated_circuit). An [initial public offering](/source/Initial_public_offering) (IPO) later in the year was canceled because of the [October 1987 stock market crash](/source/October_1987_stock_market_crash).[3]

Microchip Technology became an independent company in 1989 when it was acquired by a group of venture capitalists led by [Sequoia Capital](/source/Sequoia_Capital).[5] In the same year, Microchip Technology announced the release of small, inexpensive 8-bit [reduced instruction set computing](/source/Reduced_instruction_set_computing) (RISC) microcontrollers for $2.40 apiece, whereas most RISC microcontrollers were 32-bit devices selling for hundreds of dollars.[6]

### 1990-2024

Microchip test facility in [Garden Grove, California](/source/Garden_Grove%2C_California), formerly owned by [Microsemi](/source/Microsemi)

In 1990, 60% of Microchip Technology's sales were from the disc drive industry and the product portfolio relied heavily on commodity [EEPROM](/source/EEPROM) products.[7] The company was losing US$2.5 million per quarter, had less than 6 months of cash in reserve, had exhausted lines of credit, and was failing to control expenses. Early in the year, the venture capital investors accepted an offer to sell Microchip Technology to [Winbond Electronics Corporation](/source/Winbond_Electronics_Corporation) of [Taiwan](/source/Taiwan) for $15 million. Winbond Electronics backed out of the deal after the Taiwanese stock market decreased in May 1990. Vice President of Operations, [Steve Sanghi](/source/Steve_Sanghi), was named president and chief operating officer of Microchip Technology in 1990.[3] After several quarters of losses, Sanghi oversaw Microchip Technology's transition from selling commodity-based products to specialized chips, such as the RISC technology.

Microchip Technology conducted an IPO in 1993, which [*Fortune* magazine](/source/Fortune_(magazine)) cited as the best-performing IPO of the year with a stock appreciation of 500% and over $1 billion in [market capitalization](/source/Market_capitalization).[8] At the end of 2015, Microchip Technology posted its 100th consecutive quarter of profitability.[9]

In March 2021, Sanghi was replaced as CEO by Ganesh Moorthy.[10]

### 2024-present

In March 2024, Microchip furloughed production staff and non-manufacturing employees were forced to take a pay-cut for two weeks.[11] This was done again in June.[12] In late November, Moorthy retired as CEO and Steve Sanghi was appointed interim CEO[13], and was subsequently announced he would continue as CEO and Chairman on a permanent basis on July 2, 2025.[14]

In early December 2024, Sanghi announced the closure of Fab 2 in [Tempe, Arizona](/source/Tempe%2C_Arizona) and also announced that Microchip would suspend its application for [CHIPS and Science Act](/source/CHIPS_and_Science_Act) funding.[15][16] On February 10, 2025, Microchip announced that it would again furlough employees intermittently throughout the rest of the year.[17]

### Acquisitions

See also: [Atmel](/source/Atmel) and [Microsemi](/source/Microsemi)

- In 1995, Microchip acquired KeeLoq technology from Nanoteq of South Africa for $10M in cash. Microchip Technology used the purchase to create the Secure Data Products Group.

- On May 24, 2000, Microchip acquired a wafer fab in [Puyallup, Washington](/source/Puyallup%2C_Washington) that was formerly owned by [Matsushita Electric Industrial Company](/source/Matsushita_Electric_Industrial_Company).[18][19][20] On October 19, 2007, due to the [great recession](/source/Great_recession), the facility, known as Fab 3, was sold for $30M from an unsolicited offer.[21][22]

- On October 27, 2000, Microchip purchased TelCom Semiconductor of [Mountain View, California](/source/Mountain_View%2C_California) for $300M.[23]

- In 2002, Microchip acquired a wafer fab in [Gresham, Oregon](/source/Gresham%2C_Oregon) from [Fujitsu](/source/Fujitsu) for $183.5M. This fab became, and still is, Microchip's largest and is known as Fab 4.[24]

- On October 15, 2008, Microchip acquired Hampshire Company, a company that sold large-format universal touch screen controller electronics and related software.[25][26]

- On February 20, 2009, Microchip acquired Australia-based HI-TECH Software.[27]

- On January 11, 2010, Microchip acquired [Thomas H. Lee's](/source/Thomas_H._Lee_(electronic_engineer)) [Sunnyvale, California](/source/Sunnyvale%2C_California)-based ZeroG Wireless for an undisclosed amount after a year-long partnership. The deal allowed Microchip to provide a Wi-Fi product for its PIC microcontrollers.[28][29][30]

- In April 2010, Microchip completed the acquisition of Silicon Storage Technology (SST) from for about $292M. Microchip and [Cerberus Capital Management](/source/Cerberus_Capital_Management) both made offers for the company. Microchip sold several SST flash memory assets back to [Bing Yeh](/source/Bing_Yeh), co-founder of SST, to another one his companies the next month.[31][32]

- In 2012, Microchip acquired German-based Ident Technology AG, California based Roving Networks, and Standard Microsystems Corporation.[33][34][35][36]

- On June 3, 2013, Microchip acquired Novocell Semiconductor, Inc. through its Silicon Storage Technology (SST) subsidiary.[37][38]

- In 2014, Microchip acquired Supertex, Inc and Belgian-based EqcoLogic on February 10,[39][40][41][42] and Taiwan-based ISSC Technologies on May 22.[43][44]

- On August 3, 2015, Microchip acquired IC manufacturer Micrel for about $839M.[45][46]

- In January 2016, Microchip purchased [San Jose, California](/source/San_Jose%2C_California)-based [Atmel](/source/Atmel) for $3.56bn. [JPMorgan Chase](/source/JPMorgan_Chase) advised Microchip while [Qatalyst Partners](/source/Qatalyst_Partners) advised Atmel.[47][48][49][50]

- In May 2018, Microchip acquired [Microsemi Corporation](/source/Microsemi_Corporation).[51]

- In October 2020, Microchip acquired New Zealand-based Tekron International Limited for an undisclosed amount.[52]

- In April 2024, Microchip acquired both South Korea-based VSI Co. Ltd.[53] and Neuronix AI Labs.[54]

## Products

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A 1988 vintage Microchip PIC16CR54 with the [Apple Desktop Bus](/source/Apple_Desktop_Bus) protocol pre-programmed, before it became an independent company, as used in a [Macintosh SE](/source/Macintosh_SE)

Microchip Technology PIC16C63 EPROM Erasable Ceramic [DIP](/source/Dual_in-line_package) Package [PIC Microcontroller](/source/PIC_Microcontroller)

Microchip Technology PIC16C558 EPROM DIP Microcontroller. EPROM and EEPROM versions were used before FLASH based PIC16F parts became available.

Microchip offers 8, 16, and 32-bit microcontrollers including [PIC](/source/PIC_microcontroller) and [AVR microcontrollers](/source/AVR_microcontrollers), microprocessors, analog [power management](/source/Power_management) and [conversion](/source/Electric_power_conversion), [CAN](/source/CAN_bus) and [LIN](/source/Local_Interconnect_Network) serial communication interface devices, high-voltage [MEMS](/source/MEMS) and [piezoelectric](/source/Piezoelectric_motor) drivers, ultrasound [multiplexers](/source/Multiplexer), [digital signal controllers](/source/Digital_signal_controller), [embedded controllers](/source/Embedded_controller), memory products (including serial EEPROM, serial [SRAM](/source/Static_random_access_memory), [serial flash](/source/Flash_memory), serial [NvSRAM](/source/NvSRAM), serial EERAM, parallel EEPROM, parallel one-time programmable flash, parallel flash and CryptoMemory devices.)[55][56][57][58][59][60][61][62][63][64]

Microchip also offers custom programming, hardware and software development tools, and reference designs.[65][66] Available reference designs include complete systems, subsystems or functions which are purpose-built and include design files, software and support.

Microchip crypto element devices that provide [authentication](/source/Authentication), [data integrity](/source/Data_integrity), and [confidentiality](/source/Confidentiality) in a variety of applications, such as disposables, accessories and nodes;[56] Timing, communication and real-time clock and calendar products;[67][68] [USB](/source/USB) products;[69] [Power Management Integrated Circuits](/source/Power_management_integrated_circuit) (PMICs);[70] and networking products including Ethernet interface and wireless products.[71][72][73]

### Product milestones

In April 2009, Microchip Technology announced the nanoWatt XLP microcontrollers, claiming the world's lowest sleep current.[74] Microchip Technology had sold more than 6 billion microcontrollers as of 2009.[75] As of 2011, Microchip Technology ships over a billion processors every year. In September 2011, Microchip Technology shipped the 10 billionth PIC microcontroller.[76][77]

	- Examples of Microchip Products

		- Microchip MAC [rubidium atomic clock](/source/Rubidium_atomic_clock) module

		- Microchip 24LA32AI - 32K [I²C](/source/I%C2%B2C) Serial [EEPROM](/source/EEPROM)

		- Microchip MCP23008 I²C 8-Bit I/O Expander

		- Microchip PIC32MX430F064H [PIC32](/source/PIC32) microcontroller

## Wafer fabs

Plant Name Location Status Fab 1 Chandler, Arizona, United States Defunct.[78] Closed April 2003. Fab 2 Tempe, Arizona, United States Defunct.[79] Closed November 2024. Fab 3 Puyallup, Washington, United States Defunct. Sold October 2007[80] Fab 4 Gresham, Oregon, United States Open Fab 5 Colorado Springs, Colorado, United States Open

## See also

- [Companies portal](https://en.wikipedia.org/wiki/Portal:Companies)

- [ATtiny microcontroller comparison chart](/source/ATtiny_microcontroller_comparison_chart)

- [AVR microcontrollers](/source/AVR_microcontrollers)

- [KeeLoq](/source/KeeLoq)

- [MiWi](/source/MiWi)

- [MPLAB devices](/source/MPLAB_devices)

- [MPLAB](/source/MPLAB)

- [PIC microcontrollers](/source/PIC_microcontrollers)

- [PICkit](/source/PICkit)

- [UNI/O](/source/UNI%2FO)

## References

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1. ^ [***a***](#cite_ref-fischer-nyt_3-0) [***b***](#cite_ref-fischer-nyt_3-1) [***c***](#cite_ref-fischer-nyt_3-2) Fisher, Lawrence M. (27 August 1990). ["Microchip Technology Names New President"](https://www.nytimes.com/1990/08/27/business/business-people-microchip-technology-names-new-president.html). *The New York Times*.

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1. **[^](#cite_ref-43)** ["Microchip Technology announces acquisition of ISSC Technologies"](https://ir.microchip.com/news-events/press-releases/detail/700/microchip-technology-announces-acquisition-of-issc-technologies) (Press release). Retrieved 12 March 2025.

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1. **[^](#cite_ref-49)** By (20 January 2016). ["Microchip To Acquire Atmel for $3.56 Billion"](http://hackaday.com/2016/01/20/microchip-to-acquire-atmel-for-3-56-billion/). *[Hackaday](/source/Hackaday)*. Retrieved 2016-01-21.

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## External links

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- [Official website](https://www.microchip.com/)

- Business data for Microchip Technology: - [Google](https://www.google.com/finance/quote/MCHP) - [SEC filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=MCHP) - [Yahoo!](https://finance.yahoo.com/quote/MCHP)

v t e Microchip Technology Products PIC and dsPIC instruction set PIC16x84 KeeLoq MiWi Development tools MPLAB ICD & REAL ICE PICkit ICSP Third Party PICAXE OOPic Maximite Parallax SX Flowcode IOIO

v t e Major semiconductor companies Note = "major" equates to companies with an annual revenue of over US$3 billion, past or present IDM Analog Devices Fujitsu Infineon Intel Kioxia Microchip Micron NXP onsemi Qorvo Renesas Samsung SK Hynix STMicroelectronics Texas Instruments Fabless AMD Apple Arm Broadcom Marvell MediaTek Nvidia Qualcomm Skyworks Solutions Foundry GlobalFoundries Samsung Foundry SMIC TSMC UMC OSAT Amkor Technology ASE JCET Teradyne Equipment Applied Materials ASML KLA Lam Research Tokyo Electron Software Cadence Synopsys

v t e Electronics industry in the United States Companies Home appliances Apple Beats Belkin Bose Cisco Corsair Dell Alienware Element Electronics Emerson Radio GE Appliances Harman AMX Crown International dbx Harman Kardon Infinity Systems JBL Lexicon Mark Levinson Audio Systems Revel Honeywell HP InFocus iRobot JLab Jensen Electronics Kenmore Kingston Kimball Koss Lenovo Lexmark Logitech Magnavox Memorex Microsoft Monster Plantronics Planar Systems Razer Roku Sandisk Seagate SharkNinja Skullcandy Sonos Sony Techtronic Dirt Devil Hoover Tile Tsinghua Tongfang Seiki Digital Westinghouse Electronics Turtle Beach Valve ViewSonic Vizio Western Digital Westinghouse Electric Company Whirlpool Admiral Amana Jenn-Air KitchenAid Maytag Xerox Marantz Electronic components 3M Achronix Analog Devices Maxim Integrated Amphenol Applied Materials Altera AVX Cirque Diodes Inc. Duracell Energizer Flex Foxconn Wisconsin Jabil KEMET Maxwell Technologies Sanmina Vishay Semiconductor devices AMD Ampere Computing Apple Broadcom Cypress Semiconductor GlobalFoundries IBM Intel Interlink KLA Corporation Lam Research Lattice Marvell Technology Microchip (Atmel) Micron NetApp Nimbus Data Nvidia Mellanox NXP onsemi Qualcomm Silicon Image Synaptics Texas Instruments TSMC Arizona Xilinx Zilog Mobile devices Amazon Apple BLU Garmin Google Fitbit Lenovo (Motorola Mobility) Other Cadence Design Systems Hewlett Packard Enterprise Cray GE RCA Motorola Solutions Oracle Corporation Synopsys Defunct Actel Atari Corporation Atari, Inc. Broadcom Corporation Commodore Compaq Fairchild Freescale Hewlett-Packard HGST LSI Microsemi Motorola National Semiconductor NeXT Palm Philco RCA Signetics Silicon Graphics Solectron Tabula TiVo Corporation TiVo Inc. Sun Microsystems Zenith Electronics

v t e Companies of the Nasdaq-100 index Adobe ADP AMD Airbnb Alnylam Pharmaceuticals Alphabet Amazon AEP Amgen Analog Devices Apple Applied Materials AppLovin Arm ASML Astera Labs Autodesk Axon Baker Hughes Booking Holdings Broadcom Cadence Cintas Cisco Coca-Cola Europacific Partners Comcast Constellation Energy Copart CoreWeave CoStar Costco CrowdStrike CSX Datadog Dexcom Diamondback Energy DoorDash Electronic Arts Exelon Fastenal Ferrovial Fortinet GE HealthCare Gilead Honeywell Idexx Laboratories Intel Intuit Intuitive Surgical Keurig Dr Pepper KLA Kraft Heinz Lam Research Linde Marriott International Marvell Mercado Libre Meta Microchip Micron Microsoft MicroStrategy Mondelez International Monolithic Power Systems Monster Beverage Nebius Group Netflix Nvidia NXP O'Reilly Auto Parts Old Dominion Paccar Palantir Palo Alto Networks Paychex PayPal PDD Holdings PepsiCo Qualcomm Regeneron Rocket Lab Roper Technologies Ross Stores Sandisk Seagate Technology Shopify Starbucks Synopsys T-Mobile US Take-Two Interactive Teradyne Tesla Texas Instruments Thomson Reuters Vertex Walmart Warner Bros. Discovery Western Digital Workday Xcel Energy

v t e S&P 500 companies Energy APA Corporation Baker Hughes Chevron Corporation ConocoPhillips Devon Energy Diamondback Energy EOG Resources EQT Corporation Expand Energy ExxonMobil Halliburton Kinder Morgan Marathon Petroleum Occidental Petroleum Oneok Phillips 66 SLB Targa Resources Texas Pacific Land Corporation Valero Energy Williams Companies Materials Air Products Albemarle Corporation Amcor Avery Dennison Ball Corporation CF Industries Corteva CRH plc Dow Chemical Company DuPont Ecolab Freeport-McMoRan International Flavors & Fragrances International Paper Linde plc LyondellBasell Martin Marietta Materials Newmont Nucor Packaging Corporation of America PPG Industries Sherwin-Williams Smurfit Westrock Steel Dynamics Vulcan Materials Company Industrials 3M A. O. Smith Allegion Ametek Automatic Data Processing Axon Enterprise Boeing Broadridge Financial Solutions Builders FirstSource C.H. Robinson Carrier Global Caterpillar Inc. Cintas Comfort Systems USA Copart CSX Corporation Cummins Deere & Company Delta Air Lines Dover Corporation Eaton Corporation Emcor Emerson Electric Equifax Expeditors International Fastenal FedEx FedEx Freight Fortive GE Aerospace GE Vernova Generac General Dynamics Honeywell Howmet Aerospace Hubbell Incorporated Huntington Ingalls Industries IDEX Corporation Illinois Tool Works Ingersoll Rand J. B. Hunt Jacobs Solutions Johnson Controls L3Harris Leidos Lennox International Lockheed Martin Masco Nordson Corporation Norfolk Southern Railway Northrop Grumman Old Dominion Freight Line Otis Worldwide Paccar Parker Hannifin Paychex Pentair Quanta Services RTX Corporation Republic Services Rockwell Automation Rollins, Inc. Snap-on Southwest Airlines Stanley Black & Decker Textron Trane Technologies TransDigm Group Uber Union Pacific Corporation United Airlines United Parcel Service United Rentals Veralto Verisk Analytics Vertiv W. W. Grainger Wabtec Waste Management, Inc. Xylem Inc. Consumer discretionary Airbnb Amazon Aptiv AutoZone Best Buy Booking Holdings Carnival Carvana Chipotle Mexican Grill Darden Restaurants Deckers Brands Domino's DoorDash D. R. Horton eBay Expedia Group Ford Motor Company Garmin General Motors Genuine Parts Company Hasbro Hilton Worldwide Home Depot Las Vegas Sands Lennar Lowe's Lululemon Marriott International McDonald's MGM Resorts International Nike, Inc. Norwegian Cruise Line Holdings NVR, Inc. O'Reilly Auto Parts PulteGroup Ralph Lauren Corporation Ross Stores Royal Caribbean Group Starbucks Tapestry, Inc. Tesla, Inc. TJX Tractor Supply Company Ulta Beauty Williams-Sonoma, Inc. Wynn Resorts Yum! Brands Consumer staples Altria Archer Daniels Midland Brown-Forman Bunge Global Casey's Church & Dwight Clorox The Coca-Cola Company Colgate-Palmolive Conagra Brands Constellation Brands Costco Dollar General Dollar Tree Estée Lauder Companies General Mills The Hershey Company Hormel Foods Kenvue Keurig Dr Pepper Kimberly-Clark Kraft Heinz Kroger McCormick & Company Molson Coors Mondelez International Monster Beverage PepsiCo Philip Morris International Procter & Gamble The J.M. Smucker Company Sysco Target Corporation Tyson Foods Walmart Health Care Abbott Laboratories AbbVie Agilent Technologies Align Technology Amgen Baxter International Becton Dickinson Bio-Techne Biogen Boston Scientific Bristol Myers Squibb Cardinal Health Cencora Centene Corporation Charles River Laboratories The Cigna Group Cooper Companies CVS Health Danaher Corporation DaVita Dexcom Edwards Lifesciences Elevance Health GE HealthCare Gilead Sciences HCA Healthcare Henry Schein Humana Idexx Laboratories Incyte Insulet Corporation Intuitive Surgical IQVIA Johnson & Johnson Labcorp Eli Lilly and Company McKesson Corporation Medtronic Merck & Co. Mettler Toledo Moderna Pfizer Quest Diagnostics Regeneron Pharmaceuticals ResMed Revvity Solventum Steris Stryker Corporation Thermo Fisher Scientific UnitedHealth Group Universal Health Services Veeva Systems Vertex Pharmaceuticals Viatris Waters Corporation West Pharmaceutical Services Zimmer Biomet Zoetis Financials Aflac Allstate American Express American International Group Ameriprise Financial Aon Apollo Global Management Arch Capital Group Ares Management Arthur J. Gallagher & Co. Assurant Bank of America Berkshire Hathaway BlackRock Blackstone Inc. Block, Inc. BNY Brown & Brown Capital One Cboe Global Markets Charles Schwab Corporation Chubb Limited Cincinnati Financial Citigroup Citizens Financial Group CME Group Coinbase Corpay Erie Indemnity Everest Group FactSet FIS Fifth Third Bank Fiserv Franklin Resources Global Payments Globe Life Goldman Sachs The Hartford Huntington Bancshares Interactive Brokers Intercontinental Exchange Invesco Jack Henry & Associates JPMorgan Chase KeyBank KKR & Co. Loews Corporation M&T Bank Marsh McLennan Mastercard MetLife Moody's Corporation Morgan Stanley MSCI Nasdaq, Inc. Northern Trust PayPal PNC Financial Services Principal Financial Group Progressive Corporation Prudential Financial Raymond James Financial Regions Financial Corporation Robinhood Markets S&P Global State Street Corporation Synchrony Financial T. Rowe Price The Travelers Companies Truist U.S. Bancorp Visa Inc. W. R. Berkley Corporation Wells Fargo Willis Towers Watson Information technology Accenture Adobe Inc. Akamai Technologies AMD Amphenol Analog Devices Apple Inc. Applied Materials AppLovin Arista Networks Autodesk Broadcom Cadence Design Systems CDW Ciena Cisco Cognizant Coherent Corp. Corning Inc. CrowdStrike Datadog Dell Technologies F5, Inc. FICO First Solar Flex Ltd. Fortinet Gartner Gen Digital GoDaddy Hewlett Packard Enterprise HP Inc. IBM Intel Intuit Jabil Keysight KLA Corporation Lam Research Lumentum Marvell Technology Microchip Technology Micron Technology Microsoft Monolithic Power Systems Motorola Solutions NetApp Nvidia NXP Semiconductors onsemi Oracle Corporation Palantir Palo Alto Networks PTC Inc. Qualcomm Qnity Electronics Roper Technologies Salesforce Sandisk Seagate Technology ServiceNow Skyworks Solutions Supermicro Synopsys TE Connectivity Teledyne Technologies Teradyne Texas Instruments Trimble Inc. Tyler Technologies Verisign Western Digital Workday, Inc. Zebra Technologies Communication services Alphabet Inc. AT&T Charter Communications Comcast EchoStar Electronic Arts Fox Corporation Live Nation Entertainment Meta Platforms Netflix News Corp Omnicom Group Paramount Skydance T-Mobile Take-Two Interactive TKO Group Holdings The Trade Desk Verizon The Walt Disney Company Warner Bros. Discovery Real estate Alexandria Real Estate Equities American Tower AvalonBay Communities BXP, Inc. Camden Property Trust CBRE Group CoStar Group Crown Castle Digital Realty Equinix Equity Residential Essex Property Trust Extra Space Storage Federal Realty Investment Trust Healthpeak Properties Host Hotels & Resorts Invitation Homes Iron Mountain Kimco Realty Mid-America Apartment Communities Prologis Public Storage Realty Income Regency Centers SBA Communications Simon Property Group UDR, Inc. Ventas Vici Properties Welltower Weyerhaeuser Utilities AES Corporation Alliant Energy Ameren American Electric Power American Water Works Atmos Energy CenterPoint Energy CMS Energy Consolidated Edison Constellation Energy Dominion Energy DTE Energy Duke Energy Edison International Entergy Evergy Eversource Energy Exelon FirstEnergy NextEra Energy NiSource NRG Energy Pacific Gas and Electric Company Pinnacle West Capital PPL Corporation Public Service Enterprise Group Sempra Southern Company Vistra Corp. WEC Energy Group Xcel Energy

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