MCHP Microchip Technology Incorporated

Microchip Technology Appoints Victor Peng to Its Board of Directors

Microchip Technology Appoints Victor Peng to Its Board of Directors

CHANDLER, Ariz., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Victor Peng, former President of Advanced Micro Devices, Inc. (AMD), will join the Board of Directors of Microchip effective February10, 2024.

Regarding Mr. Peng’s appointment to the board, Microchip’s President and CEO, Steve Sanghi, said, “Victor most recently served as the President of AMD, a publicly held company that designs and manufactures hardware for high-performance computing. Prior to that, he served Xilinx for 14 years, most recently holding roles of president, CEO, board member. With over 40 years of industry experience, Victor has held leadership roles of increasing responsibility at Xilinx where he worked from 2008 until 2022, and at AMD from 2022 until his retirement in 2024. He brings years of industry experience in technology, strategy, and operations to Microchip. This knowledge of technology and of the semiconductor industry will be invaluable to our Board. Victor has also served on the board of KLA Corporation (a provider of process control and yield management systems for semiconductor manufacturing) since February 2019. We welcome Victor to our board and look forward to benefitting from his experience.”

Mr. Peng commented, “I am honored to be appointed to the Microchip board. I believe that my industry experience and leadership skills can have a positive impact on the company’s strategic direction and plans. I look forward to working with the Microchip board to achieve the company’s 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 112,000 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 .

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

INVESTOR RELATIONS CONTACT:

Sajid Daudi – Head of investor Relations..... (480) 792-7385



EN
04/02/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Microchip Technology Incorporated

 PRESS RELEASE

PolarFire® SoC FPGAs Achieve AEC-Q100 Qualification

PolarFire® SoC FPGAs Achieve AEC-Q100 Qualification The robust, low-power solutions from Microchip Technology meet stringent automotive standards for reliability in harsh conditions CHANDLER, Ariz., March 24, 2025 (GLOBE NEWSWIRE) -- Microchip Technology’s (Nasdaq: MCHP) have earned the Automotive Electronics Council (AEC)-Q100 qualification. The AEC-Q standards are a guideline for integrated circuits, using stress tests to measure the reliability of electronic components in vehicles. AEC-Q100 qualified devices have gone through rigorous testing to demonstrate they can withstand extrem...

 PRESS RELEASE

Microchip Technology Announces Pricing of Offering of Depositary Share...

Microchip Technology Announces Pricing of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock CHANDLER, Ariz., March 21, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip” or the “Company”), a leading provider of smart, connected, and secure embedded control solutions, today announced the pricing of its previously announced underwritten public offering of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued 7.50% Series A Mandatory Conv...

 PRESS RELEASE

Microchip Technology Engages Macquarie Group to Facilitate Sale of Tem...

Microchip Technology Engages Macquarie Group to Facilitate Sale of Tempe Fab 2 Wafer Fabrication Facility CHANDLER, Ariz., March 20, 2025 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (“Fab 2”) located in Tempe, Arizona. This decision is part of Microchip's previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability. The Fab 2 site, which includes installed and operational semiconductor e...

Moody's Ratings downgrades Microchip's senior unsecured rating to Baa2...

Moody's Ratings (Moody's) downgraded Microchip Technology Inc.'s (Microchip) senior unsecured rating to Baa2 from Baa1 and affirmed Microchip's P-2 backed commercial paper rating. We also changed the rating outlook to stable from negative. The rating downgrade reflects Microchip's weak financial p...

 PRESS RELEASE

Microchip Technology Announces Launch of Offering of Depositary Shares...

Microchip Technology Announces Launch of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock CHANDLER, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip” or the “Company”), a leading provider of smart, connected, and secure embedded control solutions, today announced the launch of an underwritten public offering (the “offering”) of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Prefe...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch