This place requires no extra hours, has a relaxed atmosphere, and minimal process/paperwork for the engineers. It is an excellent arrangement if you have a family, or other interest outside of the workplace that cause you to value your time more than a competitive salary, and if you like to write code more than you like to push paper around.
Cons
You will need to challenge yourself if you want to keep growing, as the work environment will not challenge you. Very few young people work here. Salary is below-average. The reward system is a little strange.
The people are friendly and everybody is important to their respected team. I feel like Microchip is a stable company with no layoffs in the recent past and none in the foreseeable future.
Cons
Pay raises are few and far between across the entire company. The company is very cost conscious, which is a good thing for shareholders except that as employees we end up using old and outdated equipment and computers.