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STATES</font></div>
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D.C. 20549</font></div>
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8-K</font></div>
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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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2, 2010</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
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#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>
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      <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
February 2, 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 an Agreement
and Plan of Merger (the &#8220;Merger Agreement&#8221;).&#160;&#160;The Merger Agreement
provides for the acquisition of SST by Microchip by means of a merger of Merger
Sub with and into SST, with SST being the surviving corporation. As a result of
the Merger, SST would become a wholly-owned subsidiary of Microchip (the
&#8220;Merger&#8221;) and each share of SST common stock (other than those shares owned by
SST and with respect to which dissenters rights are properly exercised and not
withdrawn) issued and outstanding immediately prior to the effective time of the
Merger, will be converted into the right to receive a cash amount of $2.85 per
share, without interest.&#160;&#160;Each outstanding option or other right to
purchase SST common stock (whether vested or unvested) shall be cancelled and
the holder of such option or right shall be entitled to receive, subject to any
required withholding taxes, an amount equal to the product of (x)&#160;the
number of shares of SST common stock subject to such option or right and
(y)&#160;the excess, if any, of $2.85 over the exercise price per share of such
SST option or right.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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Boards of Directors of Microchip and SST have approved the Merger and the Merger
Agreement.&#160;&#160;The transaction is 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
Merger Agreement contains representations, warranties and covenants of
Microchip, SST and Merger Sub, including among others, (i) covenants by SST
concerning the conduct of its business in the ordinary course during the interim
period between the execution of the Merger Agreement and the consummation of the
Merger, (ii) a covenant by SST that, subject to certain exceptions,&#160;the
Board of Directors of SST will recommend to its shareholders adoption of the
Merger Agreement, and (iii)&#160;a covenant that SST will not solicit, initiate,
knowingly encourage or knowing facilitate, any inquiries or the making of any
proposal or offer with respect to or that would be reasonably expected to lead
to any Acquisition Proposal (as defined in the Merger Agreement).&#160;&#160;The
Merger Agreement contains certain termination rights for both Microchip and SST
and further provides that upon termination of the Merger Agreement under
specified circumstances SST may be required to pay Microchip a termination
fee.&#160;&#160;Under specified circumstances, SST may be required to reimburse
certain of Microchip&#8217;s expenses incurred in connection with the
Merger.</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
foregoing description of the Merger Agreement and the transactions contemplated
thereby does not purport to be complete and is qualified in its entirety by
reference to the Merger Agreement.&#160;&#160;Microchip plans to file a copy of
the Merger Agreement as an exhibit to its Form 10-Q for its third quarter ended
December 31, 2009.&#160;&#160;We encourage you to read the Merger Agreement 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">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">
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February 3, 2010, Microchip issued a press release relating to the Merger.
&#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: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
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Looking Statements</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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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 </font></div>
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    <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>
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      <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 and 10-Q.&#160;&#160;You
can obtain copies of Microchip&#8217;s Forms 10-K and 10-Q and other relevant
documents for free at Microchip&#8217;s Web site (www.microchip.com) or the SEC's Web
site (www.sec.gov) or from commercial document retrieval
services.</font></div>
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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: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#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">Additional
Information and Where to Find It</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
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SST will file a proxy statement and other related documents with the Securities
and Exchange Commission, or the SEC.&#160; INVESTORS AND SHAREHOLDERS ARE
ADVISED TO READ THESE DOCUMENTS WHEN THEY BECOME AVAILABLE 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>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>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.&#160;&#160;Information regarding the special interests of these
directors and executive officers in the transaction will be included in the
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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2.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and
Financial Condition.</font></div>
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information pursuant to Item 2.02 in this report on Form 8-K is being furnished
as contemplated by General Instruction B(2) to Form 8-K and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that Section.</font></div>
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February 3, 2010, we announced the results of our operations for the third
quarter ended December 31, 2009.&#160;&#160;The complete release is attached to
this report as Exhibit 99.2.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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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      </font></td>
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      Technology Announces Acquisition of Silicon Storage Technology,
      Inc.</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</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">Microchip
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              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr></table>
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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>
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<tr>
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      Technology Incorporated</font></div>
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            <td align="left" valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <td align="left" valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="39%">
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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">By:&#160;&#160;<font style="TEXT-DECORATION: underline"><font style="DISPLAY: inline">/s/ J.
      Eric
      Bjornholt</font>&#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;&#160;</font></font></div>
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      </font></td>
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      Eric Bjornholt</font></div>
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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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<tr valign="top">
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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<tr>
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2010</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)
February
2, 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)
ý
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
¨
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
¨
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
February 2, 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 an Agreement
and Plan of Merger (the "Merger Agreement").  The Merger Agreement
provides for the acquisition of SST by Microchip by means of a merger of Merger
Sub with and into SST, with SST being the surviving corporation. As a result of
the Merger, SST would become a wholly-owned subsidiary of Microchip (the
"Merger") and each share of SST common stock (other than those shares owned by
SST and with respect to which dissenters rights are properly exercised and not
withdrawn) issued and outstanding immediately prior to the effective time of the
Merger, will be converted into the right to receive a cash amount of $2.85 per
share, without interest.  Each outstanding option or other right to
purchase SST common stock (whether vested or unvested) shall be cancelled and
the holder of such option or right shall be entitled to receive, subject to any
required withholding taxes, an amount equal to the product of (x) the
number of shares of SST common stock subject to such option or right and
(y) the excess, if any, of $2.85 over the exercise price per share of such
SST option or right.
The
Boards of Directors of Microchip and SST have approved the Merger and the Merger
Agreement.  The transaction is subject to customary closing conditions
including approval by the holders of a majority of the outstanding shares of
SST.
The
Merger Agreement contains representations, warranties and covenants of
Microchip, SST and Merger Sub, including among others, (i) covenants by SST
concerning the conduct of its business in the ordinary course during the interim
period between the execution of the Merger Agreement and the consummation of the
Merger, (ii) a covenant by SST that, subject to certain exceptions, the
Board of Directors of SST will recommend to its shareholders adoption of the
Merger Agreement, and (iii) a covenant that SST will not solicit, initiate,
knowingly encourage or knowing facilitate, any inquiries or the making of any
proposal or offer with respect to or that would be reasonably expected to lead
to any Acquisition Proposal (as defined in the Merger Agreement).  The
Merger Agreement contains certain termination rights for both Microchip and SST
and further provides that upon termination of the Merger Agreement under
specified circumstances SST may be required to pay Microchip a termination
fee.  Under specified circumstances, SST may be required to reimburse
certain of Microchip's expenses incurred in connection with the
Merger.
The
foregoing description of the Merger Agreement and the transactions contemplated
thereby does not purport to be complete and is qualified in its entirety by
reference to the Merger Agreement.  Microchip plans to file a copy of
the Merger Agreement as an exhibit to its Form 10-Q for its third quarter ended
December 31, 2009.  We encourage you to read the Merger Agreement for
a more complete understanding of the transaction.
On
February 3, 2010, Microchip issued a press release relating to the Merger.
 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
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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 and 10-Q.  You
can obtain copies of Microchip's Forms 10-K and 10-Q 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.
Additional
Information and Where to Find It
In connection with the proposed merger,
SST will file a proxy statement and other related documents with the Securities
and Exchange Commission, or the SEC.  INVESTORS AND SHAREHOLDERS ARE
ADVISED TO READ THESE DOCUMENTS WHEN THEY BECOME AVAILABLE 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 will be included in the
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
2.02       Results of Operations and
Financial Condition.
The
information pursuant to Item 2.02 in this report on Form 8-K is being furnished
as contemplated by General Instruction B(2) to Form 8-K and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that Section.
On
February 3, 2010, we announced the results of our operations for the third
quarter ended December 31, 2009.  The complete release is attached to
this report as Exhibit 99.2.
Item
9.01        Financial Statements and
Exhibits.
(d)
Exhibits
Exhibit
      No.
Description
99.1
99.2
Microchip
      Technology Announces Acquisition of Silicon Storage Technology,
      Inc.
Microchip
      Technology Exceeds $1 Billion Annual Net Sales Run Rate Based on its
      Revenue for the Third Fiscal Quarter 2010
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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:
      February 3, 2010
Microchip
      Technology Incorporated
(Registrant)
By:
/s/ J.
      Eric
      Bjornholt
J.
      Eric Bjornholt
Vice
      President, Chief Financial Officer
(Principal
      Accounting and Financial Officer)
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INDEX
      TO EXHIBITS
Exhibit
      No.
Description
99.1
99.2
Microchip
      Technology Announces Acquisition of Silicon Storage Technology,
      Inc.
Microchip
      Technology Exceeds $1 Billion Annual Net Sales Run Rate Based on its
      Revenue for the Third Fiscal Quarter
2010
5