Intel names two chip industry veterans to its 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
for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory. The chipmaker said Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve Sanghi, interim CEO of Microchip Technology, are the new additions to its board. Both Meurice and Sanghi have previously worked at Intel. Intel has struggled to keep up with advanced chipmaking, falling well behind rivals such as Nvidia in designing chips that power AI and TSMC in making smaller and more efficient semiconductors. Gelsinger, whose removal as CEO was announced on Monday, was tasked to restore Intel's lead in chipmaking, but his costly bet on contract manufacturing has seen the company shrink to a market value more than 30 times smaller than Nvidia. Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of CEO, Reuters reported on Tuesday. The company's next CEO will have manufacturing expertise as well as experience i
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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