Microchip Technology Inc. News Update

Leadership Continuity and Strategic Partnerships

Microchip Technology Inc., a leading semiconductor company, has announced significant developments in leadership and strategic partnerships. Steve Sanghi, who previously served as CEO for nearly three decades before retiring in 2021, will continue as the permanent CEO and President of the company. This decision follows his interim leadership since November 2024, during which he successfully implemented a recovery plan aimed at restoring Microchip’s position as an industry leader. Lead independent director Matthew Chapman expressed the Board’s confidence in Sanghi’s leadership and strategic vision.

In parallel, Microchip has strengthened its position in the automotive sector through strategic partnerships. The company has collaborated with Nippon Chemi-Con Corporation and NetVision Co. Ltd. to launch Japan’s first ASA-ML-based camera development platform. This initiative supports the automotive industry’s shift towards open, interoperable standards under the Automotive SerDes Alliance Motion Link (ASA-ML) framework. The platform, which includes Microchip’s VS775S single-port serializer/deserializer device, Nippon Chemi-Con’s CDTrans camera module, and NetVision’s NV061 development emulation board, aims to accelerate the adoption of the ASA-ML standard in the Japanese automotive market.

Market Performance

In broader market news, major U.S. indices traded higher on Thursday, buoyed by better-than-expected non-farm payrolls data. As of 1455 BST, the Dow Jones Industrial Average was up 0.52% at 44,717.85, the S&P 500 advanced 0.55% to 6,261.71, and the Nasdaq Composite increased by 0.62% to 20,520.17. This positive market sentiment reflects investor confidence following the release of June’s nonfarm payrolls report, which showed a significant rise in employment figures.

Company Overview

Microchip Technology Incorporated, based in the U.S., specializes in the design, manufacturing, and marketing of microcontrollers, mixed-signal and memory products, and application development systems for high-volume embedded control applications. The company also develops linear and mixed-signal, power management, and thermal management products. Listed on the Nasdaq stock exchange, Microchip’s close price as of July 1, 2025, was $73.16, with a 52-week high of $96.98 and a low of $34.13. For more information, visit Microchip’s website .