KPMG Peat Marwick LLP



                          Independent Auditors' Consent
                          -----------------------------






The Board of Directors
Microchip Technology Incorporated:


We consent to  incorporation  by reference in the  registration  statements (No.
33-59686,  No.  33-80072,  No.  33-81690,  No.  33-83196,  No.  333-872  and No.
333-40791) on Form S-8 of Microchip Technology  Incorporated of our report dated
April 22, 1998,  except as to the second and third  paragraphs  of note 13 which
are as of May 18, 1998, relating to the consolidated balance sheets of Microchip
Technology  Incorporated and subsidiaries as of March 31, 1998 and 1997, and the
related consolidated  statements of income,  stockholders' equity and cash flows
for each of the years in the  three-year  period  ended  March 31,  1998,  which
report  appears in the March 31,  1998 annual  report on Form 10-K of  Microchip
Technology Incorporated.


                                        /s/ KPMG Peat Marwick LLP


Phoenix, Arizona
May 22, 1998