微芯科技 2024年度报告

Washington, D.C.20549 FORM10-K (Mark One) ☒Annual Report pursuant to Secon 13 or 15(d) of the Securies Exchange Act of 1934For thefiscal year endedMarch31, 2025 OR ☐Transion report pursuant to Secon 13 or 15(d) of the Securies Exchange Act of 1934For the transion period from _________ to __________ Commission File Number0-21184 MICROCHIP TECHNOLOGY INCORPORATED(Exact Name of Registrant as Specified in Its Charter) 86-0629024 (IRS Employer Idenficaon No.) 2355 W. Chandler Blvd.,Chandler,AZ85224-6199(Address of Principal Execuve Offices, Including Zip Code) (480)792-7200(Registrant's Telephone Number, Including Area Code) Securies registered pursuant to Secon 12(b) of the Act: Trading SymbolMCHP Depositary Shares, each represenng a 1/20thinterest in a share of 7.50% Series A MandatoryConverble Preferred Stock, $0.001 par value pershare MCHPP Securies registered pursuant to Secon 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securies Act. Indicate by check mark if the Registrant is not required tofile reports pursuant to Secon 13 or Secon 15(d) of the Act.☐Yes☒No Indicate by check mark whether the Registrant: (1) hasfiled all reports required to befiled by Secon 13 or 15(d) of the SecuriesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports),and (2) has been subject to suchfiling requirements for the past 90 days. No Yes Indicate by check mark whether the registrant has submied electronically every Interacve Data File required to be submied pursuantto Rule 405 of Regulaon S-T (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit suchfiles). No ☒ Yes Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporngcompany, or an emerging growth company. See definions of "large acceleratedfiler," "acceleratedfiler," "smaller reporng company,"and "emerging growth company" in Rule 12b-2 of the Exchange Act: Large acceleratedfiler☒Non-acceleratedfiler☐ Acceleratedfiler☐Smaller reporng company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transion period forcomplying with any new or revisedfinancial accounng standards provided pursuant to Secon 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant hasfiled a report on and aestaon to its management's assessment of the effecvenessof its internal control overfinancial reporng under Secon 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounngfirm that prepared or issued its audit report.☒ If securies are registered pursuant to Secon 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrantincluded in thefiling reflect the correcon of an error to previously issuedfinancial statements.☐ Indicate by check mark whether any of those error correcons are restatements that required a recovery analysis of incenve-basedcompensaon received by any of the registrant’s execuve officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). No Aggregate market value of the vong and non-vong common equity held by non-affiliates as of September30, 2024 based upon theclosing price of the common stock as reported by the NASDAQ Global Market on such date was approximately $42.2billion. Number of shares of Common Stock, $0.001 par value per share, outstanding as of May15, 2025:539,399,446shares FORM 10-K Item 1.Business5Item 1A.Risk Factors13Item 1B.Unresolved StaffComments40Item 1C.Cybersecurity40Item 2.Properes43Item 3.Legal Proceedings43Item 4.Mine Safety Disclosures43 Item 5.Market for Registrant's Common Equity, Related Stockholder Maers and Issuer Purchases of EquitySecuries44Item 6.[Reserved]45Item 7.Management's Discussion and Analysis of Financial Condion and Results of Operaons46Item 7A.Quantave and Qualitave Disclosures About Market Risk60Item 8.Financial Statements and Supplementary Data60Item 9.Changes in and Disagreements with Accountants on Accounng and Financial Disclosure60Item 9A.Controls and Procedures60Item 9B.Other Informaon61Item 9C.Disclosure Regarding Foreign Jurisdicons that Prevent Inspecons61 Item 10.Directors, Execuve Officers and Corporate Governance62Item 11.Execuve Compensaon62Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Maers62Item 13.Certain Relaonships and Related Transacons, and Director Independence63Item 14.Principal Accountant Fees and Services63 PART I This Form 10-K contains certain forward-looking statements th