EXHIBIT 10.2

                                    EXHIBIT B
                        MICROCHIP TECHNOLOGY INCORPORATED
                       EMPLOYEE STOCK PURCHASE PLAN (ESPP)
                                   CHANGE FORM


PLEASE PRINT AND COMPLETE ALL INFORMATION BELOW:

FULL NAME:                                                   BADGE #:
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                   LAST            FIRST                M

HOME ADDRESS:
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SOCIAL SECURITY NUMBER:                                 DATE OF HIRE:
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SECTION I - CHANGE PAYROLL DEDUCTION PERCENTAGE

I hereby authorize Microchip Technology Incorporated to CHANGE my current
deduction percentage to the following:

     CIRCLE ONE:  1%    2%    3%    4%    5%    6%    7%    8%    9%    10%

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SECTION II - CHANGE BENEFICIARY (FOR PAYROLL DEDUCTED, CASH BALANCE OF
CONTRIBUTIONS PRIOR TO A PURCHASE)

I  understand  that  if I am  married,  my  spouse  shall  automatically  be  my
designated  beneficiary  unless I elect otherwise and my spouse consents to such
election. When more than one beneficiary is designated, if the percentage is not
specified,  payment will be made in equal dollars to each surviving beneficiary,
or all to the last surviving beneficiary.

PRIMARY BENEFICIARY

I hereby designate the following  person(s) as primary beneficiary of my payroll
deduction account under the Plan payable by reason of my death.

     NAME                               RELATIONSHIP OF BENEFICIARY   PERCENTAGE

     --------------------------------   ---------------------------   ----------

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CONTINGENT BENEFICIARY

In the event that there is no living  primary  beneficiary at my death, I hereby
designate  the  following  person(s)  as  contingent  beneficiary  of my payroll
deduction account.

     NAME                               RELATIONSHIP OF BENEFICIARY   PERCENTAGE

     --------------------------------   ---------------------------   ----------

     --------------------------------   ---------------------------   ----------
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SECTION III - WITHDRAWAL FROM THE EMPLOYEE STOCK PURCHASE PLAN

STOP MY CONTRIBUTIONS (SELECT ONE):

PURCHASE Microchip Technology Inc. shares on the next purchase date.*
REFUND my Employee Stock Purchase Plan payroll deductions collected.*

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*NOTE:  WHEN WITHDRAWING FROM THE ESPP, PER THE PLAN YOU WILL NOT BE ELIGIBLE TO
RE-ENROLL IN THE ESPP UNTIL THE BEGINNING OF THE NEXT TWO-YEAR  OFFERING PERIOD.
SEE STOCK PLAN ADMINISTRATOR TO CONFIRM THAT DATE.
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SIGNATURE OF EMPLOYEE                                       DATE

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SECTION III- CONSENT OF SPOUSE

Note:  If your  spouse is not your  Designated  Primary  Beneficiary,  then this
Designation of beneficiary is invalid  without the consent of your spouse unless
your  spouse  waived  the right to  consent  to any  change  in the  beneficiary
designation under a prior beneficiary designation.

I acknowledge that I am the spouse of the Participant  named on the reverse side
of this form. I hereby certify that I have read this  Designation of Beneficiary
Form and understand that I possess a beneficial  interest in my spouse's payroll
deduction account under the Plan if I survive him/her.  I hereby acknowledge and
consent to the  Designation  of Beneficiary on the reverse side of this form. My
consent  shall  be  irrevocable  unless  my  spouse  subsequently   changes  the
designation of beneficiary.

If my spouse changes the designation, (Choose A or B):

     (A)  I understand I must sign a new consent to the new designation for it
          to be effective.

     (B)  I waive my right to consent to any future change in designation. I
          understand I have the right to restrict my consent only to the
          beneficiary designated on the reverse side of this form by checking
          box (A.)

I have executed this consent this ______ day of _________________ ,   20____ .


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Signature of Participant's Spouse
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