Microchip Technology Selects Binswanger/Puget Sound Properties to Facilitate Sale of Washington Facility

1/17/2003 - Microchip Technology (Nasdaq: MCHP) announced that it has selected Binswanger/Puget Sound Properties exclusive agent for the sale of its 710,000 square foot fabrication facility in Puyallup, Washington. The property is located at 1111 39th Avenue S.E. The list price for the facility is $93.8 million and it is available for immediate occupancy, as Microchip has completely vacated the building.

Binswanger/Puget Sound Properties is marketing this property regionally, nationally and internationally, specifically targeting semiconductor and fabrication users that can benefit from the building’s state-of-the-art, fully functional status.

The 710,000-square foot complex sits on a 92-acre campus east of Tacoma. The campus consists of ten buildings including three fabrication facilities. Fab D totals approximately 300,000 square feet, with a class 1, ballroom-style cleanroom, capable of 0.18-micron technology. Fab C, capable of class 10 expansion, totals approximately 185,000 square feet. Fab A totals approximately 152,000 square feet ready for expansion. The other buildings are for office and site support.

About Binswanger/Puget Sound Properties
Binswanger/Puget Sound Properties is a strategic partnership that combines the superior market knowledge of locally-based Puget Sound Properties with the international expertise and comprehensive corporate services of Binswanger/CBB. Headquartered in Philadelphia, PA, and Seattle, WA, Binswanger/Puget Sound Properties is a member of Chesterton Blumenauer Binswanger, a global full-service real estate organization with 5,200 people and over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, Asia, South Africa and Australia.

About Microchip Technology
Microchip Technology Inc. manufactures the popular PICmicro field-programmable RISC microcontrollers, which serve 8- and 16-bit embedded control applications, and a broad spectrum of high performance linear and mixed-signal, power management and thermal management devices. The Company also offers complementary microperipheral products including interface devices; microID RFID devices; serial EEPROMs; and the patented KEELOQ security devices. This synergistic product portfolio targets thousands of applications and a growing demand for high-performance designs in the automotive, communications, computing, consumer and industrial control markets. The Company's quality systems are ISO 9001 (1994 version) and QS9000 (1998 version) certified. Microchip is headquartered in Chandler, Arizona with design facilities in Mountain View, California and Bangalore, India; semiconductor fabrication facilities in Tempe and Chandler, Arizona; Gresham, Oregon and Puyallup, Washington; and assembly and test operations near Bangkok, Thailand. Microchip employs approximately 3,350 people worldwide and has sales offices throughout Asia, Europe, Japan and the Americas. More information on the Company can be found at www.microchip.com.

The Microchip name and logo, PIC, PICmicro, microID, MPLAB and KEELOQ are registered trademarks of Microchip Technology Inc. in the USA and other countries.

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