Microchip shares tumble as earnings miss Wall Street expectations
The Chandler semiconductor company said it is continuing working through issues to reduce its inventory surplus.
Microchip Technology outlines Q4 revenue guidance of $920M-$1B amid inventory reductions and strategic transitions
Q3 2025 Management View Steve Sanghi, CEO, announced several strategic initiatives as part of a nine-point plan. Key decisions include the closure of the Tempe Fab (Fab 2), capacity adjustments at ...
Microchip reports Q3 non-GAAP EPS 20c, consensus 28c
Reports Q3 revenue $1.026B, consensus $1.05B. “Our December quarter performance reflects the need for the decisive steps we are taking to ...
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Microchip’s Moorthy to Leave as CEO, With Chairman Retaking Role
(Bloomberg) -- Microchip Technology Inc. Chief Executive Officer Ganesh Moorthy will step down after three years in the role, with Chairman Steve Sanghi returning to the position. Moorthy will ...
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Victor Peng Joins Microchip Technology Incorporated Board of Directors
Microchip Technology Incorporated announced the appointment of Victor Peng, former President of Advanced Micro Devices (AMD), to its Board of Directors effective February 10, 2024. Steve Sanghi ...