INDEPENDENT AUDITORS' CONSENT






The Board of Directors
Microchip Technology Incorporated:


We consent to incorporation  by reference in the registration  statement on Form
S-8 related to the registration of shares for the 1997 Nonstatutory Stock Option
Plan of Microchip  Technology  Incorporated  of our report dated April 22, 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 earnings,  retained  earnings 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
November 10, 1998