Microchip Technology Inc. raised gross proceeds of $1.80 billion from an offering of 1.625% senior subordinated notes due Feb. 15, 2027 .

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC were the lead underwriters.