Microchip Technology announced that Steve Sanghi has been appointed permanent Chief Executive Officer of the company. Sanghi had previously returned to Microchip as interim CEO in November 2024.
This appointment provides leadership stability and continuity for Microchip Technology as it continues to execute its recovery plan. Sanghi's return as interim CEO was initiated to lead the company through an industry downturn and restore growth in revenue and profitability.
The confirmation of Sanghi as permanent CEO signals a clear direction for the company's strategic initiatives and operational enhancements, reinforcing confidence in its long-term trajectory.
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