Skip to main content

Steve Sanghi to Continue as Microchip CEO and President on a Permanent Basis

Written by Customer Service on . Posted in Public Companies.

Mr. Sanghi Has Been Serving in Such Roles on an Interim Basis Since November 2024

CHANDLER, Ariz., July 02, 2025 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that Steve Sanghi has agreed to continue to serve as the company’s Chief Executive Officer and President on a permanent basis.  Mr. Sanghi had been serving in such roles on an interim basis since November 2024.  Mr. Sanghi will also continue to serve as Chair of the Microchip Board of Directors.  Prior to his retirement as Microchip’s CEO in 2021, Mr. Sanghi had served as Microchip’s CEO for almost 30 years.

Microchip’s lead independent director, Matthew Chapman, stated that “The Board is delighted that Steve has agreed to continue as CEO and President on a permanent basis.  Since he assumed such roles on an interim basis, he has taken decisive action to design and implement a recovery plan to restore Microchip to its leadership position in the industry.  The Board believes that Steve is the best person to lead the company on a long-term basis to further execute on its objectives.”

Mr. Sanghi commented, “I have been a leader of Microchip for over 30 years and look forward to continuing to serve the company on a long-term basis.  Although several of the elements of our recovery plan have been completed or substantially implemented, some of the other elements of the plan, such as achieving our long-term operating model, will require sustained efforts.  I am thankful that the Board is entrusting me to continue to guide the company towards achievement of its goals.”

About Microchip:

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 109,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

INVESTOR RELATIONS CONTACT:
Sajid Daudi — Head of investor Relations….. (480) 792-7385

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.