Intel adds former ASML exec, Microchip interim chief to board amid CEO search [Yahoo! Finance]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: Yahoo! Finance
Technology (NASDAQ:MCHP)'s interim CEO Steve Sanghi to its board of directors, effective immediately. Both will serve as independent directors. The development comes as Intel searches for a new chief executive after Pat Gelsinger stepped down. Gelsinger, who took the helm less than four years ago, was navigating the struggling U.S. chipmaking giant with a costly turnaround plan. While the search for chief executive is going on, Chief Financial Officer David Zinsner and senior executive Michelle Johnston Holthaus have been named co-CEOs. Separately, a note from Northland Capital Markets highlighted that a new CEO is unlikely to resolve Intel's foundry challenges within the next year. However, the note added that increasing geopolitical risks surrounding Taiwan could ensure continued government support for Intel. Meurice served as president and chief executive officer of ASML from 2004 to 2013. During his tenure, ASML's market value increased five-fold, Intel said in the stateme
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MCHP
News
- How Morgan Stanley, Microchip Technology And Philip Morris Can Put Cash In Your Pocket [Yahoo! Finance]Yahoo! Finance
- Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch ControllersGlobeNewswire
- Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained ApplicationsGlobeNewswire
- Microchip Technology Incorporated (NASDAQ: MCHP) was downgraded by analysts at Bank of America Co. from a "neutral" rating to an "underperform" rating. They now have a $65.00 price target on the stock, down previously from $80.00.MarketBeat
- Microchip Technology Incorporated (NASDAQ: MCHP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
MCHP
Earnings
- 11/5/24 - Beat
MCHP
Sec Filings
- 12/16/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/11/24 - Form FWP
- MCHP's page on the SEC website