SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

SCHEDULE 13G

Amendment No. 2
Microchip Technology Incorporated
Common Stock
Cusip # 595017104
Filing Fee: No


Cusip # 595017104
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: Commonwealth of Massachusetts
Item 5: 10,000
Item 6: None
Item 7: 2,918,500
Item 8: None
Item 9: 2,918,500
Item 11: 8.62%
Item 12: HC




Cusip # 595017104
Item 1: Reporting Person - Edward C. Johnson 3d - (Tax ID: ###-##-####)
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 2,918,500
Item 8: None
Item 9: 2,918,500
Item 11: 8.62%
Item 12: IN



Cusip # 595017104
Item 1: Reporting Person - Abigail P. Johnson - (Tax ID: ###-##-####)
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 2,918,500
Item 8: None
Item 9: 2,918,500
Item 11: 8.62%
Item 12: IN



SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)


Item 1(a). Name of Issuer:

Microchip Technology Incorporated

Item 1(b). Name of Issuer's Principal Executive Offices:

2355 West Chandler Boulevard
Chandler, AZ 85225-6199

Item 2(a). Name of Person Filing:

FMR Corp.

Item 2(b). Address or Principal Business Office or, if None, Residence:

82 Devonshire Street, Boston, Massachusetts 02109

Item 2(c). Citizenship:

Not applicable

Item 2(d). Title of Class of Securities:

Common Stock

Item 2(e). CUSIP Number:

595017104

Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, FMR Corp., is a parent holding company in accordance
with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).

Item 4. Ownership

(a) Amount Beneficially Owned:
2,918,500

(b) Percent of Class:
8.62%

(c) Number of shares as to which such person has:

(i) sole power to vote or to direct the vote:
10,000

(ii) shared power to vote or to direct the vote:
None

(iii) sole power to dispose or to direct the disposition of:
2,918,500

(iv) shared power to dispose or to direct the disposition of:
None




Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the common stock of Microchip Technology Incorporated.
The interest of one person, Fidelity Magellan Fund, an
investment company registered under the Investment Company Act
of 1940, in the common stock of Microchip Technology
Incorporated, amounted to 1,753,200 shares or 5.18% of the
total outstanding common stock at December 31, 1995.

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.

See attached Exhibit(s) A, B, and C.

Item 8. Identification and Classification of Members of the Group.

Not applicable, see attached Exhibit A.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.


Signature

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Schedule 13G in connection with FMR Corp.'s beneficial
ownership of the common stock of Microchip Technology
Incorporated at December 31, 1995 is true, complete and
correct.



February 14, 1996
Date



/s/Arthur S. Loring
Signature



Arthur S. Loring, Vice
President
Name/Title



SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)

Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940,
is the beneficial owner of 2,918,500 shares or 8.62% of the common stock
outstanding of Microchip Technology Incorporated ("the Company") as a result
of acting as investment adviser to various investment companies registered
under Section 8 of the Investment Company Act of 1940, and as a result of
acting as sub-adviser to Fidelity American Special Situations Trust ("FASST").

FASST is a unit trust established and authorized by the Department of
Trade and Industry under the laws of England. The investment adviser of FASST
is Fidelity Investment Services Limited, an English company and a subsidiary
of Fidelity International Limited ("FIL").

The ownership of one investment company, Fidelity Magellan Fund, amounted
to 1,753,200 shares or 5.18% of the common stock outstanding. Fidelity
Magellan Fund has its principal business office at 82 Devonshire Street,
Boston, Massachusetts 02109.

Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and the
Funds each has sole power to dispose of the 2,908,500 shares owned by the
Funds.

Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has
the sole power to vote or direct the voting of the shares owned directly by
the Fidelity Funds, which power resides with the Funds' Boards of Trustees.
Fidelity carries out the voting of the shares under written guidelines
established by the Funds' Boards of Trustees.

FIL, FMR Corp., through its control of Fidelity, and FASST each has sole
power to vote and to dispose of the 10,000 shares held by FASST.

Fidelity International Limited, Pembroke Hall, 42 Crowlane, Hamilton,
Bermuda, and various foreign-based subsidiaries provide investment advisory
and management services to a number of non-U.S. investment companies (the
"International Funds") and certain institutional investors. Fidelity
International Limited is also the beneficial owner of 10,000 shares or 0.03%
of the common stock outstanding of the Company owned by FASST. Additional
information with respect to the beneficial ownership of Fidelity International
Limited is shown on Exhibit B, page 9.

Members of the Edward C. Johnson 3d family and trusts for their
benefit are the predominant owners of Class B shares of common stock of FMR
Corp., representing approximately 49% of the voting power of FMR Corp. Mr.
Johnson 3d owns 12.0% and Abigail P. Johnson owns 24.5% of the aggregate
outstanding voting stock of FMR Corp. Mr. Johnson 3d is chairman of FMR Corp.
and Abigail P. Johnson is a Director of FMR Corp. The Johnson family group
and all other Class B shareholders have entered into a shareholder's voting
agreement under which all Class B shares will be voted in accordance with the
majority vote of Class B shares. Accordingly, through their ownership of
voting common stock and the execution of the shareholder's voting agreement,
members of the Johnson family may be deemed, under the Investment Company Act
of 1940, to form a controlling group with respect to FMR Corp.


SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)


Pursuant to instructions in Item 7 of Schedule 13G, this Exhibit has been
prepared to identify Fidelity International Limited, Pembroke Hall, 42 Crow
Lane, Hamilton, Bermuda, a Bermudian joint stock company incorporated for an
unlimited duration by private act of the Bermuda Legislature (FIL) and an
investment adviser to various investment companies (the "International Funds")
and certain institutional investors, as the beneficial owner of 10,000 shares