When the global economy reopened after Covid-19 restrictions, the pick-up in business led to a well-documented scramble for semiconductors. One of the firms benefiting from the surge in demand was Microchip, a multinational headquartered in Arizona and listed on the Nasdaq Market. Microchip has an office in Dublin and a small factory in Ennis, Co Clare, which it inherited from the acquisition of rival Microsemi. The Currency has chronicled their 2018 transformation into a $16 billion intellectual property centre through companies operating across Ireland and Malta; the use of amortisation charges, capital transactions and intercompany debt to turn global sales…

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