The Technical Excellence Award, first presented in 1991, is the highest technical award presented by SRC. It recognizes research of exceptional value to SRC member companies. This award recognizes key contributors of innovative technology that significantly enhance the productivity and competitiveness of the semiconductor industry. The nominations are from the industry, indicating the extent to which the research outcomes have been applied by the industry. In the history of this award, Raychowdhury is the second Georgia Tech researcher to win this award and the third person to receive this for contributions to the design of digital VLSI circuits.

A Georgia Tech ECE faculty member since 2013, Raychowdhury leads the Integrated Circuits and Systems Research Lab. He received the award for the contributions of his group in the digital linear regulator technologies for power management in Systems-on-Chips. The research conducted over the last eight years has now significantly impacted both internal research and product pathfinding in multiple SRC member companies. His nomination was supported by Intel, IBM, Qualcomm, and TSMC.