Microchip Technology employees working as Principal Design Engineer in US have attributed a compensation and benefits rating of 3.7 out of 5 stars, based on 4 ratings. This is 42% higher than the average of Principal Design Engineer professionals at Microchip Technology worldwide.
The salary trajectory of a Principal Design Engineer ranges between locations and employers. The salary starts at $124,126 per year (estimate) and goes up to $245,035 per year (estimate) for the highest level of seniority.
The estimated average salary for a Principal Design Engineer at Microchip Technology is $222,870 per year or $107 per hour, but some professionals have reported earning up to roughly $340,433 per year (90th percentile). The typical pay range is between $180,231 (25th percentile) and $279,481 (75th percentile) annually. This is based on 24 salaries submitted by Microchip Technology Principal Design Engineer professionals on Glassdoor, as of Jul 2026.
Principal Design Engineer professionals typically earn between $87 and $134 per hour.
Principal Design Engineer professionals typically earn between $15,019 and $23,290 monthly.