Intel Corporation vs Microchip Technology Incorporated: SG&A Expense Trends

SG&A Expense Trends: Intel vs. Microchip Technology

In the ever-evolving landscape of the semiconductor industry, understanding the financial strategies of key players is crucial. Over the past decade, Intel Corporation and Microchip Technology Incorporated have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Intel's SG&A expenses have seen a notable decline of approximately 31%, dropping from a peak in 2016. This reduction reflects Intel's strategic cost management amidst industry challenges.

Conversely, Microchip Technology has experienced a steady increase in SG&A expenses, rising by nearly 200% over the same period. This growth indicates a robust investment in administrative and sales capabilities, aligning with their expansion strategies. Notably, 2023 marks a year where Microchip's SG&A expenses surpassed Intel's, highlighting a significant shift in financial dynamics. As we look to 2024, the absence of Intel's data leaves room for speculation on their future financial maneuvers.