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STATES</font></div>
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AND EXCHANGE COMMISSION</font></div>
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D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT PURSUANT TO SECTION&#160;13 OR 15(d) OF</font></div>
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SECURITIES EXCHANGE ACT OF 1934</font></div>
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Report (Date of earliest event reported)</font></div>
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8, 2010</font></div>
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Charter)</font></div>
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Code)</font></div>
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      the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font></div>
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      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item&#160;1.01&#160;&#160;&#160;&#160;&#160;&#160;Entry
into a Material Definitive Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Agreement
and Plan of Merger with SST</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
8, 2010, Microchip Technology Incorporated, a Delaware corporation
(&#8220;Microchip&#8221;), Silicon Storage Technology, Inc., a California corporation
(&#8220;SST&#8221;), and Sun Acquisition Corporation, a California corporation and a direct,
wholly-owned subsidiary of Microchip (&#8220;Merger Sub&#8221;), entered into a second
amendment (the &#8220;Second Amendment&#8221;) to their February 2, 2010 Agreement and Plan
of Merger and its February 22, 2010 First Amendment (the &#8220;Merger
Agreement&#8221;).&#160;&#160;The Merger Agreement provides for the acquisition by
Microchip of SST by means of a merger of Merger Sub with and into SST, with SST
surviving as a wholly-owned subsidiary of Microchip.&#160;&#160;Pursuant to the
Second Amendment, the aggregate consideration payable by Microchip to SST&#8217;s
shareholders in connection with the merger has been increased from $3.00 per
share to $3.05 per share, without interest.&#160;&#160;The termination fee
payable by SST in certain circumstances has been increased from $10,120,624 to
$10,300,000 (the &#8220;Termination Fee&#8221;).</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, pursuant to the Second Amendment, on March 8, 2010, Microchip
purchased 19.9% of the issued and outstanding shares of the common stock of SST
for $58,401,854.45 (the &#8220;Issued Shares&#8221;).&#160;&#160;&#160;&#160;The Issued
Shares are subject to certain rights and obligations as set forth in the Second
Amendment. Microchip has agreed that, following the valid termination of the
Merger Agreement in favor of a superior proposal, Microchip will vote all or an
agreed portion of the Issued Shares in favor of any such superior proposal or
any subsequent superior proposal, depending on the identity of the party making
the proposal to be voted on, if requested to do so by SST and so long as SST&#8217;s
board of directors recommends such proposal.&#160;&#160;Also, Microchip has
agreed that its total profit in any such superior proposal or subsequent
superior proposal from both receipt of the Termination Fee and any subsequent
disposition of the Issued Shares will not exceed 1.286 times the Termination
Fee. In the event that the Merger Agreement is terminated in accordance with its
terms, at any time and from time to time thereafter until the 18<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font>
month anniversary of the issuance, Microchip has the right, but not the
obligation, to require SST to purchase the Issued Shares at a price of $3.05 per
share. Finally, Microchip has agreed not to dispose of the Issued Shares for 18
months unless it does so pursuant to a transaction (i) with SST or its
subsidiaries, including the right just described, (ii) in which the acquiring
person agrees to be bound to the same voting requirements regarding the Issued
Shares as Microchip has agreed to, (iii) in which SST&#8217;s stockholders are
offered, required or permitted to participate and which has been approved by
SST&#8217;s board of directors or strategic committee of the board of directors, or
(iv) subject to certain volume limitations.</font></div>
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connection with the Second Amendment, SST has agreed to terminate all
discussions Cerberus California, LLC and its affiliates regarding its current
leveraged recapitalization proposal. In addition, SST will set a new record date
for its special meeting of shareholders scheduled for April 8, 2010 to consider
the Merger and Merger Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
transactions contemplated by the Merger Agreement, including the Second
Amendment, are subject to customary closing conditions including approval by the
holders of a majority of the outstanding shares of SST.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
foregoing description of the Second Amendment and the transactions contemplated
thereby does not purport to be complete and is qualified in its entirety by
reference to the Second Amendment which is attached hereto as Exhibit 2.1, the
First Amendment which was filed on February 23, 2010 as an exhibit to
Microchip&#8217;s 8-K and the Merger Agreement which was filed on February 9, 2010 as
an exhibit to Microchip&#8217;s third quarter Form 10-Q.&#160;&#160;We encourage you
to read the Merger Agreement, the First Amendment and the Second Amendment for a
more complete understanding of the transaction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
8, 2010, Microchip issued a press release relating to the Second Amendment.
&#160;A copy of the press release is attached hereto as
Exhibit&#160;99.1.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Forward
Looking Statements</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
statements about the completion and effects of the proposed Merger, and all
other statements in this Current Report on Form 8-K other than historical facts,
constitute forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.&#160;&#160;These statements involve risks and uncertainties that could
cause actual results to differ materially, including, but not limited to, the
actual timing of the closing of the Merger, the satisfaction of the conditions
to closing in the Merger Agreement (including approval by the SST shareholders)
and any termination of the Merger Agreement.&#160;&#160;For a detailed
discussion of these and other risk factors, please refer to the filings of
Microchip on Forms 10-K, 10-Q and 8-K.&#160;&#160;You can obtain copies of
Microchip&#8217;s Forms 10-K, 10-Q. 8-K and other relevant documents for free at
Microchip&#8217;s Web site (www.microchip.com) or the SEC&#8217;s Web site (www.sec.gov) or
from commercial document retrieval services.</font></div>
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are cautioned not to place undue reliance on our forward-looking statements,
which speak only as of the date such statements are made.&#160;&#160;Microchip
undertakes no obligation to publicly update any forward-looking statements to
reflect events, circumstances or new information after the date of this Form
8-K, or to reflect the occurrence of unanticipated events.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additional
Information and Where to Find It</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
connection with the proposed merger, on March 1, 2010 SST filed a definitive
proxy statement and intends to file other related documents with the Securities
and Exchange Commission, or the SEC.&#160; INVESTORS AND SHAREHOLDERS ARE
ADVISED TO READ THESE DOCUMENTS BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION.&#160; Investors and shareholders may obtain a free copy of these
documents (when available) and other documents filed by SST at the SEC's web
site at www.sec.gov and at the Investor section of their website at <font style="DISPLAY: inline; FONT-STYLE: italic">www.SST.com</font>.&#160; The proxy
statement and such other documents may also be obtained for free from SST by
directing such request to Silicon Storage Technology, Inc., Attention:&#160;
Ricky Gradwohl, 1020 Kifer Road, Sunnyvale, California 94086, Telephone: (408)
735-9110.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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SST and their directors and executive officers may be deemed to be participants
in the solicitation of proxies from the shareholders of SST in connection with
the Merger.&#160;&#160;Information regarding the special interests of these
directors and executive officers in the transaction is included in the
definitive proxy statement described above.&#160;&#160;Additional information
regarding the directors and executive officers of Microchip is also included in
Microchip's proxy statement for its 2009 Annual Meeting of Stockholders, which
was filed with the SEC on July 10, 2009.&#160;&#160;Additional information
regarding the directors and executive officers of SST is also included in SST&#8217;s
proxy statement for its 2009 Annual Meeting of Shareholders, which was filed
with the SEC on April 30, 2009.&#160;&#160;These documents are available free of
charge at the SEC's web site at www.sec.gov and as described above.</font></div>
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9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and
Exhibits.</font></div>
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<tr>
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      No.</font></div>
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            <td valign="bottom" width="73%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Description</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="73%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      No. 2 to Agreement and Plan of Merger</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
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      Technology Announces Second Amendment to Definitive Agreement for
      Acquisition of Silicon Storage Technology, Inc.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
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            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      </div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dated:
      March 8, 2010</font></div>
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            <td align="left" valign="top" width="46%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Microchip
      Technology Incorporated</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant)</font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="41%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr><tr>
            <td align="left" valign="top" width="41%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="46%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:&#160;&#160;<font style="DISPLAY: inline"><font style="TEXT-DECORATION: underline">/s/ J.
      Eric
      Bjornholt&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></font></div>
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          </tr><tr>
            <td align="left" valign="top" width="41%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="46%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">J.
      Eric Bjornholt</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Vice
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              <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Principal
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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form8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported)
March
8, 2010
MICROCHIP
      TECHNOLOGY INCORPORATED
(Exact
      Name Of Registrant As Specified In Its
Charter)
Delaware
0-21184
86-0629024
(State
      Or Other Jurisdiction Of Incorporation)
(Commission
      File No.)
(IRS
      Employer Identification No.)
2355
      West Chandler Boulevard, Chandler, Arizona 85224-6199
(Address
      Of Principal Executive Offices)
(480)
      792-7200
(Registrant's
      Telephone Number, Including Area
Code)
Check
      the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
¨
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
¨
Soliciting
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      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
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Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
Item 1.01      Entry
into a Material Definitive Agreement.
Agreement
and Plan of Merger with SST
On March
8, 2010, Microchip Technology Incorporated, a Delaware corporation
("Microchip"), Silicon Storage Technology, Inc., a California corporation
("SST"), and Sun Acquisition Corporation, a California corporation and a direct,
wholly-owned subsidiary of Microchip ("Merger Sub"), entered into a second
amendment (the "Second Amendment") to their February 2, 2010 Agreement and Plan
of Merger and its February 22, 2010 First Amendment (the "Merger
Agreement").  The Merger Agreement provides for the acquisition by
Microchip of SST by means of a merger of Merger Sub with and into SST, with SST
surviving as a wholly-owned subsidiary of Microchip.  Pursuant to the
Second Amendment, the aggregate consideration payable by Microchip to SST's
shareholders in connection with the merger has been increased from $3.00 per
share to $3.05 per share, without interest.  The termination fee
payable by SST in certain circumstances has been increased from $10,120,624 to
$10,300,000 (the "Termination Fee").
In
addition, pursuant to the Second Amendment, on March 8, 2010, Microchip
purchased 19.9% of the issued and outstanding shares of the common stock of SST
for $58,401,854.45 (the "Issued Shares").    The Issued
Shares are subject to certain rights and obligations as set forth in the Second
Amendment. Microchip has agreed that, following the valid termination of the
Merger Agreement in favor of a superior proposal, Microchip will vote all or an
agreed portion of the Issued Shares in favor of any such superior proposal or
any subsequent superior proposal, depending on the identity of the party making
the proposal to be voted on, if requested to do so by SST and so long as SST's
board of directors recommends such proposal.  Also, Microchip has
agreed that its total profit in any such superior proposal or subsequent
superior proposal from both receipt of the Termination Fee and any subsequent
disposition of the Issued Shares will not exceed 1.286 times the Termination
Fee. In the event that the Merger Agreement is terminated in accordance with its
terms, at any time and from time to time thereafter until the 18
th
month anniversary of the issuance, Microchip has the right, but not the
obligation, to require SST to purchase the Issued Shares at a price of $3.05 per
share. Finally, Microchip has agreed not to dispose of the Issued Shares for 18
months unless it does so pursuant to a transaction (i) with SST or its
subsidiaries, including the right just described, (ii) in which the acquiring
person agrees to be bound to the same voting requirements regarding the Issued
Shares as Microchip has agreed to, (iii) in which SST's stockholders are
offered, required or permitted to participate and which has been approved by
SST's board of directors or strategic committee of the board of directors, or
(iv) subject to certain volume limitations.
In
connection with the Second Amendment, SST has agreed to terminate all
discussions Cerberus California, LLC and its affiliates regarding its current
leveraged recapitalization proposal. In addition, SST will set a new record date
for its special meeting of shareholders scheduled for April 8, 2010 to consider
the Merger and Merger Agreement.
The
transactions contemplated by the Merger Agreement, including the Second
Amendment, are subject to customary closing conditions including approval by the
holders of a majority of the outstanding shares of SST.
The
foregoing description of the Second Amendment and the transactions contemplated
thereby does not purport to be complete and is qualified in its entirety by
reference to the Second Amendment which is attached hereto as Exhibit 2.1, the
First Amendment which was filed on February 23, 2010 as an exhibit to
Microchip's 8-K and the Merger Agreement which was filed on February 9, 2010 as
an exhibit to Microchip's third quarter Form 10-Q.  We encourage you
to read the Merger Agreement, the First Amendment and the Second Amendment for a
more complete understanding of the transaction.
On March
8, 2010, Microchip issued a press release relating to the Second Amendment.
 A copy of the press release is attached hereto as
Exhibit 99.1.
Forward
Looking Statements
The
statements about the completion and effects of the proposed Merger, and all
other statements in this Current Report on Form 8-K other than historical facts,
constitute forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.  These statements involve risks and uncertainties that could
cause actual results to differ materially, including, but not limited to, the
actual timing of the closing of the Merger, the satisfaction of the conditions
to closing in the Merger Agreement (including approval by the SST shareholders)
and any termination of the Merger Agreement.  For a detailed
discussion of these and other risk factors, please refer to the filings of
Microchip on Forms 10-K, 10-Q and 8-K.  You can obtain copies of
Microchip's Forms 10-K, 10-Q. 8-K and other relevant documents for free at
Microchip's Web site (www.microchip.com) or the SEC's Web site (www.sec.gov) or
from commercial document retrieval services.
Stockholders
are cautioned not to place undue reliance on our forward-looking statements,
which speak only as of the date such statements are made.  Microchip
undertakes no obligation to publicly update any forward-looking statements to
reflect events, circumstances or new information after the date of this Form
8-K, or to reflect the occurrence of unanticipated events.
- 2 -
Additional
Information and Where to Find It
In
connection with the proposed merger, on March 1, 2010 SST filed a definitive
proxy statement and intends to file other related documents with the Securities
and Exchange Commission, or the SEC.  INVESTORS AND SHAREHOLDERS ARE
ADVISED TO READ THESE DOCUMENTS BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION.  Investors and shareholders may obtain a free copy of these
documents (when available) and other documents filed by SST at the SEC's web
site at www.sec.gov and at the Investor section of their website at
www.SST.com
.  The proxy
statement and such other documents may also be obtained for free from SST by
directing such request to Silicon Storage Technology, Inc., Attention: 
Ricky Gradwohl, 1020 Kifer Road, Sunnyvale, California 94086, Telephone: (408)
735-9110.
Microchip,
SST and their directors and executive officers may be deemed to be participants
in the solicitation of proxies from the shareholders of SST in connection with
the Merger.  Information regarding the special interests of these
directors and executive officers in the transaction is included in the
definitive proxy statement described above.  Additional information
regarding the directors and executive officers of Microchip is also included in
Microchip's proxy statement for its 2009 Annual Meeting of Stockholders, which
was filed with the SEC on July 10, 2009.  Additional information
regarding the directors and executive officers of SST is also included in SST's
proxy statement for its 2009 Annual Meeting of Shareholders, which was filed
with the SEC on April 30, 2009.  These documents are available free of
charge at the SEC's web site at www.sec.gov and as described above.
Item
9.01        Financial Statements and
Exhibits.
(d)                       Exhibits
Exhibit
      No.
Description
2.1
99.1
Amendment
      No. 2 to Agreement and Plan of Merger
Microchip
      Technology Announces Second Amendment to Definitive Agreement for
      Acquisition of Silicon Storage Technology, Inc.
- 3 -
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated:
      March 8, 2010
Microchip
      Technology Incorporated
(Registrant)
By:
/s/ J.
      Eric
      Bjornholt
J.
      Eric Bjornholt
Vice
      President, Chief Financial Officer
(Principal
      Accounting and Financial Officer)
- 4 -
Exhibit
      No.
Description
2.1
99.1
Amendment
      No. 2 to Agreement and Plan of Merger
Microchip
      Technology Announces Second Amendment to Definitive Agreement for
      Acquisition of Silicon Storage Technology, Inc.