Pros
Microchip is a great place to work. Well-positioned in a rapidly-growing industry, and good at maintaining a cozy and friendly company culture even as they make BILLIONS of dollars a year. I've worked for another giant in the industry (Intel), and Microchip is far less stressful and honestly pretty fun. While I can't speak for everyone, as far as I can tell, the culture seems pretty consistent across the departments. I work as an equipment technician and have enjoyed the team and culture greatly.
Cons
Benefits here are slightly worse than they were at Intel. I got almost double the PA there, and an extra week of vacation. Intel also had better health insurance and paid 100% of my college tuition to any school I wanted. (Microchip only pays about $6000 a year).