The Journey of Microchip’s Radical Transformation

A Chandler 100 Company

By:

Microchip Technology went from a failing company losing $10 million a year to one of the most successful semiconductor suppliers in the world gaining a global revenue of over $8 billion a year. The leader behind this transformation? Steve Sanghi, Executive Chair of Microchip.

He shares his journey of transforming Microchip into a semiconductor juggernaut, a top 10 Chandler 100 company with headquarters in Chandler, AZ, in his latest book, “Up and to the Right”.

When Sanghi was named the President of Microchip in 1990, the company was losing millions of dollars and he knew something needed to change. With his executive team, they developed the aggregate system with a goal to “redesign the enterprise in which all of the resources, strategies, goals, actions, and employees work in unison¨. Microchip began to make a profit.

Fast forward to the economic recession of

2008, the semiconductor industry plummeted but Sanghi and his team came up with a strategy to stay open and avoid layoffs. Sanghi recalled that although employees worldwide received a 10% pay cut, employees stayed loyal to Microchip. When the economy came back, Microchip was one of a handful of semiconductor companies still running -- the following year, they grew 57%.

Although Microchip was financially doing well, it was at a skill disadvantage. The company wanted to scale up to its competitors and manufacture a variety of computer parts. Over the next 13 years, Sanghi led the company through 20 successful acquisitions. Not only did Microchip grow its revenue, but they increased its capabilities.

Sanghi said acquisitions were very difficult because they would acquire employees that were marching to different values, skills, and goals. His leadership team set goals with every acquisition and used the aggregate system as a method to encourage new employees to work in unison. He developed a company culture of success, confidence, loyalty, and innovation and in return, employees believed in the company and so did the rest of the world. Sanghi took Microchip from the jaws of bankruptcy to becoming the most respected, profitable and meaningful semiconductor company in the world.

He hopes ¨the youth learn to look up to scientists, engineers and inventors as heroes of society¨ through robotics. Microchip sponsors youth robotics competitions organized by AZFirst, a 501(C) foundation, to show students the value of science, math, and engineering. Students develop real life skills while solving practical problems in an intense and competitive environment. People will say the competition is about students building robots, but Sanghi argues ¨its robots who build the students ¨.

Fiscal Year (FY) 2023-24 Budget

By: Mayor Kevin Hartke, City of Chandler

Last month, the City Council passed the Fiscal Year (FY) 23-24 budget. As I reflect on the almost year-long process, here are a few things that make me particularly proud about this budget.

Let’s start with a few notable budget items that benefit every single Chandler resident and business. This budget maintains all existing City service levels while also enhancing programs that are tied to our Strategic Framework. It also lowers property tax rates for the 8th year in a row and pays off the City’s Public Safety Personnel Retirement System (PSPRS). And all of this happens as we continue to maintain the lowest annual cost of services across the entire Valley.

This budget helps grow our business and workforce community as well. The City Council has approved an IGA to implement the Chandler Endeavors entrepreneurship program, which connects aspiring entrepreneurs to resources. Additionally, City staff will soon initiate a workforce development pilot program to connect Chandler’s employers with talent, educational partners and resources.

Overall, the budget increases 22.5%, with around 43% dedicated to Capital Improvement Projects, many of those focused on aging infrastructure. The budget adds funding for police, fire and park maintenance projects.

The thoughtful, fiscally responsible approach of this budget takes into account inflationary impacts on operational costs. It also invests in personnel to attract and retain the very best employees to ensure we continue to provide the highest level of service possible.

I am confident that this budget makes us a stronger city for our residents and for the business community. It will also help ensure that Chandler remains as attractive as ever for businesses that are considering a move to Chandler. I’m grateful to my fellow councilmembers and all of the staff members who helped bring it to fruition.

June

Ayala’s Pro Painting

5712 W Encinas Lane

Phoenix, AZ 85043 (623) 565-6512 http://Ayalaspainting.com

Bautista Kajukenbo MMA

950 E Pecos Rd. Suite 4 Chandler, AZ 85225 (480) 737-1104 http://www.mmachandler.com

Darling Local 1424 N Hamilton Pl Chandler, AZ 85225 (480) 466-8243 http://DarlingLocal.com

East Valley Dream Center 900 E. Pecos Rd Suite #8 Chandler, AZ 85225 (480) 761-7260 www.eastvalleydreamcenter.org

Lucrative Trends LLC

10509 E Spring Creek Rd Sun Lakes, AZ 85248 (831) 251-1780 http://www.bestversionmedia. com

Manatu Melie LLC 2777 S Arizona Ave Chandler, AZ 85225 (801) 657-9031 https://instagram.com/manatumeliellc?utm_medium=copy_ link

Prime IV Hydration & Wellness

1900 W. Germann Rd Chandler, AZ 85286 (801) 440-6253 https://primeivhydration.com

Republic Finance

1880 S. Alma School Rd

Chandler, AZ 85249 (602) 740-1504 http://republicfinance.com

Sidi Health Coaching

2692 E. Zion Way

Chandler, AZ 85249 (4800 720-3501 https://coach.optavia. com/120000688207

Sites USA

4005 West Chandler Boulevard Chandler, AZ 85226 (480) 491-1112 http://www.sitesusa.com

The Trophy Bar

2551 W Queen Creek Rd Chandler, AZ 85248 (480) 590-2233

Tom Speaks Realtor (602) 418-8045 http://Phoenixhomeshq.com

Withey Morris Baugh, PLC

2525 E. Arizona Biltmore Cir Phoenix, AZ 85016 (602) 230-0600 https://www.wmbattorneys.com/

Grand Canyon University 3300 W. Camelback Rd. Phoenix, AZ 85017 (602) 639-6247 http://www.gcu.edu

Nomadic Cowgirl

9023 E Fairway Blvd Sun Lakes, AZ 85248 (480) 399-8590 http://allthingsbeth.com

Impact Leadership Development, LLC (602) 451-3992 https://crestcom.com/

Red Hog Media

1233 Azure Sea Ln Gilbert, AZ 85234 (208) 870-2334 http://redhogmedia.com

NYPD Pizza 2580 W Chandler Blvd Suite 1 Chandler, AZ 85224 (480) 722-0898 http://www.aznypdpizza.com

Canyon Cleaning & Services, LLC 4058 E Orion St Gilbert, AZ 85234 (480) 455-7353 www. canyoncleaningandservicesllc. com

Roosters Men’s Grooming Center (480) 590-3469 http://www.roostersmgc.com

Chandler First Baptist 3405 S Arizona Ave

Chandler, AZ 85248 480-963-3439 http://www.fbc.net

Member for 30 Years

AVID Consulting, LLC 124 N. California Street Suite 36 Chandler, AZ 85225 (480) 395-0570 https://avidconsultingaz.com

Member for 3 Years

Chompie’s - Arizona’s New York Deli 14201 N 87th St D-145

Scottsdale, AZ 85260 (602) 773-7305 http://www.chompies.com

Member for 13 Years

Feed the Children

3475 S. McQueen Blvd.

Chandler, AZ 85286 (602) 600-6242 http://feedthechildren.org

Member for 2 Years

Lone Tree Golf Club

6262 S Mountain Blvd

Chandler, AZ 85249

480-219-0830 http://www.lonetreegolf18.com

Member for 23 Years

Rudy’s West Country Store & Bar-B-Q

7300 W Chandler Blvd

Chandler, AZ 85226

480-874-6440 http://www.rudys.com

Member for 11 Years

TruWest Credit Union

1990 W Elliot Rd

Chandler, AZ 85224 (480) 857-4501 http://www.truwest.org

Member for 20 Years

ACP Painting LLC

20987 N. John Wayne Pkwy Suite B104

Maricopa , AZ 85139 (480) 785-6323 X 3 https://www.acppaintingllc.com

Member for 3 Years

Always Best Care Senior Services

1820 E Ray Rd Chandler, AZ 85225 (480) 656-8393 https://www.alwaysbestcare.com/ az/chandler/

Member for 3 Years

AZ Oasis Pools

116 N Roosevelt Ave, Ste 135

Chandler, AZ 85226 (480) 694-1158 http://azoasispools.com

Member for 8 Years

Toyota Financial Services

Chandler, AZ 85286 (800) 874-8822 http://www.toyotafinancial.com

Member for 21 Years

Chandler Air Service, Inc.

1675 E Ryan Rd

Chandler, AZ 85286

480-963-6420 http://www.aerobatics.com

Member for 11 Years

Element Chandler Fashion Center

44 S Chandler Village Dr North Chandler, AZ 85226 (480) 553-7277 http://www. elementchandlerfashioncenter. com

Member for 7 Years

Summit at San Marcos

445 W Chandler Blvd

Chandler, AZ 85225 (480) 351-3430 https://www.summitatsanmarcos. com/

Member for 5 Years

Whataburger - West Chandler

300 Concord Plaza Dr San Antonio, TX 78216 (480) 940-3707 http://www..whataburger.com

Member for 1 Years

GoDaddy Global Technology Center

2155 E GoDaddy Way

Tempe, AZ 85284 (480) 505-8877 http://godaddy.com

Member for 5 Years

Semper Fi Heating and Cooling (480) 616-3636 http://semperfiheatingcooling. com

Member for 1 Years

Christian BrothersOcotillo

290 E Ocotillo Rd

Chandler, AZ 85249 (480) 634-1443 http://www.cbac.com/store/ south-chandler-az

Member for 8 Years

Surface Experts

2400 N Arizona Ave # 2022 Chandler, AZ 85225 (480) 790-9000 https://surfaceexperts.com/ location/arizona/surface-expertschandler-tempe/

Member for 1 Years

GOGO Charters Phoenix

Phoenix, AZ 30326 (480) 776-0065 https://gogocharters.com/ phoenix-charter-bus

Member for 5 Years

National Charter Bus

Phoenix 6213 W Palm Ln

Phoenix, AZ 85035 (480) 626-4711 https://www.nationalbuscharter. com/phoenix-charter-bus

Member for 5 Years

Pregnancy Care Center of Chandler

590 N Alma School Rd, Ste 20 Chandler, AZ 85224 (480) 374-2994 http://www.pccchandler.com

Member for 9 Years