Microchip Technology Chennai Principal Engineer Salaries by 8 Employees (Updated 2025)

11 - 18 years exp.

₹21.7 Lakhs - ₹40.8 Lakhs

Salary of majority employees

43% more than the average Principal Engineer Salary in Semiconductors Companies for 11 - 18 years of experience

Interested in this particular role? 3 job openings

Last Updated: 5 Mar 2025

Companies similar to Microchip Technology for Principal Engineer in Chennai

Microchip Technology Principal Engineer Salary

11 - 18 years exp. (8 salaries)

₹21.7 L/yr - ₹40.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Saipem Principal Engineer Salary 10 - 17 years exp. (165 salaries)	₹11 L/yr - ₹29.5 L/yr 51% less
Jasmin Infotech Principal Engineer Salary 6 - 11 years exp. (94 salaries)	₹7.6 L/yr - ₹20.1 L/yr 58% less
Login to view exact salary
VA Tech Wabag Principal Engineer Salary 8 - 17 years exp. (50 salaries)	₹7.5 L/yr - ₹15.3 L/yr 71% less	4 job openings
Verizon Principal Engineer Salary 11 - 20 years exp. (40 salaries)	₹22 L/yr - ₹54 L/yr 6% more	7 job openings
NatWest Group Principal Engineer Salary 12 - 20 years exp. (30 salaries)	₹25.5 L/yr - ₹46 L/yr 4% less

Principal Engineer salary at Microchip Technology ranges between ₹21.7 Lakhs to ₹40.8 Lakhs per year for employees with experience between 11 years to 18 years. Salary estimates are based on 8 latest salaries received from various employees of Microchip Technology.

Experience wise Microchip Technology Principal Engineer salaries in Chennai

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹21.7 L/yr - ₹67 L/yr
12 years (AmbitionBox Estimate)	₹35 L/yr - ₹67.9 L/yr
Login to view exact salary
13 years (AmbitionBox Estimate)	₹34.4 L/yr - ₹44 L/yr
14 years (AmbitionBox Estimate)	₹30 L/yr - ₹69.7 L/yr
15+ years (4 salaries)	₹30.5 L/yr - ₹72 L/yr

Similar Designation salaries in Microchip Technology

Senior Engineer Salary

(20 salaries)

₹10.7 L/yr - ₹23 L/yr

Senior Software Engineer Salary

(9 salaries)

₹12 L/yr - ₹30 L/yr

Principal Software Engineer Salary

(4 salaries)

₹28 L/yr - ₹36 L/yr

Software Engineer Salary

(4 salaries)

₹10 L/yr - ₹14.5 L/yr

Top skills at Microchip Technology for Principal Engineer

VHDL FPGA Verilog Microchip Perl C++ Python Simulation Ethernet CMOS ARM Application Development C USB Social Work

Salary related reviews for Microchip Technology

3.0

Rated by 1 employees for salary & benefits

Technician 3 Dev Lab in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 11 Dec 2024

4.0

for Salary and Benefits

Likes

One of the best semiconductor company. Here work life balance is good . whoever wants to stay long one place this is best company.

Salary - Good

+5 more

Dislikes

Similar reason had every company's . Main thing is salary and promotion these are only reason people leaves company almost.

Software Engineer II in Chennai

Engineering - Software & QA Department

5.0

• posted on 09 Apr 2021

4.0

for Salary and Benefits

Likes

The way they treat employees. They listen to their employee problem and tries to take action to extent that is possible for them

Salary - Good

+6 more

Dislikes

The compensation they provide are not aggressive. Sometimes they miss out to see that a senior employee is getting less then someone who knows less but gets a higher compensation.

Principal Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

2.0

• posted on 16 May 2024

3.0

for Salary and Benefits

Likes

Job security Work life balance

Job security - Excellent

+2 more

Dislikes

Company culture is not good Always in downcycle, Pay cuts are becoming norm. Caters to low cost markets No cutting edge products Misses on industry trends (like AI) More focus on cutting costs rather than increasing revenue No WFH policy (HR tracks this) Salaries are on lower side compared to industry Poor hikes and promotion Most of the employees come here for retirement and chill life

Company culture - Poor

L2 Engineer in Bangalore / Bengaluru

Full Time

Quality Assurance Department

2.0

• posted on 06 Jul 2023

1.0

for Salary and Benefits

Likes

Company policy is good specifically health policy

Job security - Good

Dislikes

-Time management is poor - My manager is highly un professional -lots of meetings which is not adding any value - No apraisal on time -Micromanagement in my team although im working more than 12 hours a day. -meeting start 7:00 pm and it went till 11pm daily -There is no work life balance -Inshort not a good experience

Salary - Bad

+4 more

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Microchip Technology Principal Engineer Salary FAQs

What is the salary of Principal Engineer at Microchip Technology in Chennai?

The average salary of a Principal Engineer at Microchip Technology in Chennai typically ranges from ₹21.7 Lakhs to ₹40.8 Lakhs per year, depending on experience (from 11 years to 18 years).

The top 10% of Principal Engineer in Chennai at Microchip Technology earn more than ₹35.7 Lakhs per year, and the top 1% earn over ₹36.0 Lakhs per year. Principal Engineer Salaries at Microchip Technology can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 8 Microchip Technology employees in India.

What is the estimated take home salary of a Principal Engineer at Microchip Technology in Chennai?

The estimated take-home salary of a Principal Engineer at Microchip Technology in Chennai typically ranges from ₹2,30,321 to ₹2,39,598 per month. This is based on the average salary range of ₹21.7 Lakhs to ₹40.8 Lakhs per year for employees with experience ranging from 11 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 salaries received from various employees of Microchip Technology. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Principal Engineer at Microchip Technology in Chennai?

To be a Principal Engineer at Microchip Technology in Chennai, the key skills required include:

- VHDL
- FPGA
- Verilog
- Microchip
- Perl

These skills are highly valued at Microchip Technology and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Microchip Technology for Principal Engineer in India?

Verizon

₹22.0 Lakhs to ₹54.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Microchip Technology, depending on the role and experience level.

What is the salary of a Principal Engineer in companies similar to Microchip Technology in Chennai?

The salary of a Principal Engineer at companies similar to Microchip Technology in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

NatWest Group	₹25.5 Lakhs to ₹46.0 Lakhs per year
Saipem	₹11.0 Lakhs to ₹29.5 Lakhs per year
Jasmin Infotech	₹7.6 Lakhs to ₹20.1 Lakhs per year
VA Tech Wabag	₹7.5 Lakhs to ₹15.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Principal Engineer at Microchip Technology in Chennai?

The salary growth for a Principal Engineer at Microchip Technology in Chennai depends on factors such as experience, performance, and promotions. On average, a Principal Engineer in Chennai can expect the following growth trajectory at Microchip Technology:

Experience	Average Salary Range
11 years	₹21.7 Lakhs to ₹67.0 Lakhs per year
12 years	₹35.0 Lakhs to ₹67.9 Lakhs per year
13 years	₹34.4 Lakhs to ₹44.0 Lakhs per year
14 years	₹30.0 Lakhs to ₹69.7 Lakhs per year

and so on.

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Microchip Technology Principal Engineer Salaries in Chennai

Microchip Technology Principal Engineer salary in Chennai ranges between ₹21.7 Lakhs to ₹40.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Microchip Technology latest salaries received from various employees of Microchip Technology.