March Steve Sanghi, CEO Eric Bjornholt, CFO

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1 Steve Sanghi, CEO Eric Bjornholt, CFO

2 $ Million Annual Net Sales Growth consecutive quarters of profitability! MCU Analog Memory Licensing MMO FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 RR March

3 3 Multiple Growth Drivers 1. Microcontroller market growth and share gains 2. Analog growth and attach opportunity 3. Wireless/IoT/Connectivity 4. Automotive networking, car access and electronics 5. Security 6. Technology licensing

4 CY94 CY95 CY96 CY97 CY98 CY99 CY00 CY01 CY02 CY03 CY04 CY05 CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 CY14 CY15 CQ216 4 Total MCU (8/16/32) Market Share % % CQ2 16 includes Atmel

5 5 Analog Yearly Revenue (k$) $1,000,000 $950,000 $900,000 $850,000 $800,000 $750,000 $700,000 $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 RR

6 6 HI-TECH Development Tools Compiler Expanding Our Solutions Through Acquisitions Advanced Silicon Motor Drive Products Roving Networks Bluetooth & Embedded Wi-Fi Supertex High-Voltage Analog & Mixed-Signal Products Hampshire Touch Screen Controllers ZeroG Low-Power Embedded Wi-Fi LSS High-Speed ADCs Novocell Non-volatile Memory IP Micrel Analog, mixed-signal, timing & power management R&E International Security & Life Safety ASICs SST High-Density Flash & IP MMT Assembly & Test Capacity Expansion Ident 3D Gesture Capture & Proximity Detect SMSC MOST, USB, Ethernet, Wireless Audio & PC Controllers EqcoLogic Equalizer & Coaxial Transceiver Products ISSC Bluetooth Low Energy Atmel Microcontrollers, Wireless, Touch, Automotive, Security & Memory

7 7 Automotive Water Pump Micrel Classic Microchip Atmel MIC28512/3 Sw. Reg MCP1700 LDO 3 phase BLDC Motor 24LC16B Serial EE dspic33ep6 4MC504 MCU MIC4605 x 3 85V MOSFET Driver 3x MOSFET pairs MCP6L04 Op Amp MIC2920A LDO ATA LIN Transceiver

8 8 Router Micrel Atmel Classic Microchip 3G module 12V MIC4576 Sw. Reg MIC69101 (1.8V) LDO MIC69101 (3.3V) LDO AT91SAM9 G20B MPU KSZ8995 Ethernet Sw. KSZ8081 Ethernet PHY

9 9 Alarm Panel Uplink Micrel Classic Microchip Atmel SMSC MIC2128 Controller MIC4723 Sw. Reg MIC5353 LDO MIC4723 Sw. Reg MIC94355 Ripple Blocker MCP73833 Batt. Charger MIC2875 Boost Sw. Reg MIC95410 MIC6143 Op Amp MIC2039 MIC2039 USB4604 USB Hub MCP23017 I/O Expander MIC2039 MIC2039 MIC2039

10 10 PC Dock Classic Microchip Type-C Micrel Atmel SMSC 20V Vin UCS3205 USBPD Power Switch PIC32 USBC Manager & Bridge UPD350 Type C Controller ECC508 Authentication 20V Vin DP-Hub USB5826 USB3.1 6 Port Controller/Hub MIC Sw Reg USB Port USB Controller/Hub UPD360 Type C Controller UPD360 Type C Controller MIC2033 MIC2033 MIC2033 MIC2033 MIC2033 Type-C Type-C USB 3.0 Type-A USB 3.0 Type-A USB 3.0 Type-A USB 3.0 Type-A USB 2.0 Type-A

11 11 Display Module Micrel SST Atmel Classic Microchip DSC1001 MEM s 24MHz Oscillator MIC YML Backlight Controller PWM I2C/SPI/USB I2C/SPI/USB I2C/SPI/U SB LCC FIRMWARE EBI/PMP Parallel RGB Analog Driver GPIO GPIO PIC32MZ2048EFG100 Vsync Hsync Pclk Host Power SQI GPIO I2C GPIO SQI I2C INT SYNC LCD Display w/ ITO Layer MIC94300YMT Ripple Blocker SST26VF016B SQI Flash Font Storage mxt337tptp PCAP Touch Controller RX lines 3.3V

12 12 Summary of Accretion from Atmel Transaction Atmel Accretion Forecast FY17 FY18 FY19 Initial accretion forecast (w/share buyback) $ 0.33 $ 0.66 $ 0.90 Accretion forecast (w/o share buyback) $ 0.25 $ 0.53 $ 0.75 August 2016 accretion forecast $ 0.40 $ 0.53 $ 0.75 November 2016 accretion forecast $ 0.50 $ 0.70 $ 0.90 February 2017 accretion forecast $ 0.64 $ 0.90 $ 1.00 February 2017 accretion forecast without share buy-back is better than the initial accretion forecast from April 2016 with share buy-back.

13 13 Business Update Microchip exceeded the high end of its non GAAP net sales and EPS guidance for FQ Net sales for Q4FY17 expected to be down 0.5% to up 2.5% sequentially. Non GAAP EPS for Q4FY17 expected to be between $1.02 to $1.10 per share. Atmel non-gaap EPS accretion targets have been increased for the current fiscal year and the next two fiscal years. Net Debt/EBITDA leverage reduction ahead of schedule and targeted to be under 2.1 by March 2017 Long-term non-gaap financial model is now 60% gross margin, 24% operating expenses and 36% operating profit.