© olivier26 dreamstime.com Business | November 06, 2020
Microchip Technology announces CEO Transition
Microchip Technology says that its long serving CEO Steve Sanghi will transition to an Executive Chair role effective March 1, 2021.
The company's current President, Ganesh Moorthy, will step into the role of President and CEO effective March 1, 2021. Mr. Moorthy will also join the Board of Directors effective January 4, 2021. “Leading Microchip for the last 30 years has been the greatest privilege of my 42 years in the semiconductor industry” says Mr. Sanghi, in a press release. “I believe that now is the time to hand over the reins to Ganesh as my successor. I will continue in the role of Executive Chair and continue to participate in the strategic direction and growth of Microchip. At the same time, I will create more time to spend with my family and grandchildren.” Mr. Sanghi joined Microchip in February 1990 as Senior Vice president of Operations and was promoted to President to lead the company in July 1990. Microchip’s sales then were about USD 60 million and it was losing about USD 10 million per year. Mr. Sanghi is currently the longest tenured CEO in the semiconductor industry. Under Mr. Sanghi’s leadership, Microchip went public in March 1993 with annual sales of USD 89 million and a market capitalization of USD 85 million. In the last 27 years as a public company, Microchip’s net sales grew to USD 5.2 billion and its market capitalization grew to USD 28 billion. During his tenure, Microchip transformed from a small company focused on non-volatile memory products to an embedded solutions powerhouse with a broad and innovative range of solutions, as well as leadership positions in the Industrial, Datacenter, Automotive, Communications, Consumer and Aerospace and Defense markets. “I am delighted to announce that Ganesh Moorthy will become Microchip’s next CEO as we continue to pursue the significant opportunities ahead of us. I have known Ganesh for 39 years since hiring him as a new college graduate at Intel in 1981. He has a demonstrated track record of success and our proven partnership over the last 19 years at Microchip makes him my logical successor,” says Mr. Sanghi. Mr. Moorthy joined Microchip in 2001 and served as the Vice President of multiple business units. In 2006, he was promoted to Executive Vice President with expanded business unit and manufacturing responsibilities; and assumed the role of Chief Operating Officer in 2009. Mr. Moorthy has served as President and Chief Operating Officer from February 2016, and since then, he and Mr. Sanghi have jointly led Microchip. “It has been an honor and a privilege to have been part of Microchip's elite leadership team over the last 19 years. I am humbled, excited and energized to lead the next chapter of Microchip’s growth and success, while fully recognizing that the foundation of our success is our strong culture and the selfless teamwork of our over 18,000 global team members," said Ganesh Moorthy.
H. K. Wentworth Group has been acquired MacDermid Alpha Electronics Solutions, a supplier of specialty chemicals and materials used in the semiconductor and PCB markets, has acquired H.K. Wentworth Group, the owner of the Electrolube & AF brands.
EMS Electronics opens new centre of excellence EMD Electronics, a business of Merck KGaA, has inaugurated its new centre of excellence for atomic engineering at Intermolecular's San Jose facility.
Sponsored content by ICAPE GroupICAPE Group Service Office in Asia In a context where traveling can be difficult, finding a good partner for your production of electronics parts can be a real challenge. With its unique organization and a Headquarters in China where all the key services are located close to the factories and fully operational, ICAPE Group provides a global solution.
Infineon: "The semiconductor market is booming" "The semiconductor market is booming; electronics that help accelerate the energy transition and make work and home life easier remain in high demand. The push for digitalization continues unabated. Infineon is firmly on course to meet its targets for the current fiscal year," says Dr. Reinhard Ploss, CEO of Infineon in the company's quarterly report.
Intel to invest $3.5 billion to expand New Mexico operations The US chipmaker is sinking USD 3.5 billion into its Rio Rancho, New Mexico manufacturing operations to increase its capacity of advanced packaging technologies.
Mobix Labs and Richardson RFPD ink distribution agreement Mobix Labs Inc., a fabless RF (radio frequency) component company focused on next-generation wireless technologies, and Richardson RFPD, an Arrow Electronics company, have entered into a global distribution agreement.
Hprobe receives order for wafer-level magnetic tester Hprobe, a provider of Automatic Test Equipment (ATE) for magnetic devices, today announced a significant order from a tier-1 semiconductor manufacturer for a wafer-level magnetic tester.
Sponsored content by CMLPCB Manufacturer with Global Sales Network Starteam, CML and CIA Join Forces CML Group and CIA Group Holdings, both global leaders in Printed Circuit Board (PCB) manufacturing, sourcing and supply solutions, announce the completion of a merger agreement effective April 30th, 2021.
Sony starts operations at new fab expansion Sony Semiconductor Solutions Corporation has begun operations on the production lines at the new fab built on the premises of Nagasaki Technology Center in Japan, a production center owned by Sony Semiconductor Manufacturing Corporation.
Optimized power supply measurement setup Question: How can I make sure I’m testing my switching regulator as efficiently as possible?
Vanguard to acquire AU Optronics facility Taiwanese contract chipmaker Vanguard International Semiconductor Corp. has agreed to purchase an 8-inch semiconductor fab (around 48'400sqm) at Hsinchu Science Park for USD 32.5 million.
Mouser adds record 31 new manufacturers to line card The first quarter of 2021 proved to be fruitful start to the year for Mouser Electronics as it bolstered its line card by adding 31 new manufacturers during the first three months of the year.
Sponsored content by congatec AGRugged four-legged robot with three brains ANYbotics provides solutions for robot applications with the most advanced mobility and autonomy requirements in challenging terrains. The massive embedded computing performance for the key tasks – situational awareness, motion control and mission fulfillment – is delivered by three COM Express Computer-on-Modules from congatec.
UMC to expand capacity at its 300mm Fab 12A P6 in Tainan Taiwanese semiconductor foundry, United Microelectronics Corporation (UMC), is planning to expand capacity at its 300mm Fab 12A Phase 6 (P6) in Taiwan’s Tainan Science Park through a collaboration model with several of its global customers. In total NTD 100 billion (EUR 2.96 billion) will be invested to bump up production.
SK hynix is optimistic about the market condition The South Korean semiconductor says that it made better results both QoQ and YoY in the first quarter as the semiconductor market conditions improved earlier this year.
SiPearl launches recruitment plan – aiming for 1'000 by 2025 The Franco-German microprocessor specialist is launching its first recruitment campaign for its sites in Maisons-Laffitte and Sophia-Antipolis, both in France; as well as its German site in Duisburg. The company says it's recruiting 10 engineers per month in France & Germany.
NXP sees its 1Q revenues soar 27% YoY Semiconductor manufacturer NXP delivered first quarter revenues of USD 2.6 billion, an increase of 27% from 2,02 billion during the same period last year.
Sponsored content by Shenzen Kinwong ElectronicThe development trend of printed circuit board products and Kinwong's solution With the rapid development of electronic technology in recent years, printed circuit board (PCB) products are pursuing higher heat dissipation capabilities, with high voltage and high current characteristics, and are developing towards high-density interconnection technology (HDI).
Semiconductor fab inaugurated on the African continent On the 26th of April, Kenyan president Uhuru Kenyatta officially inaugurated a nanotechnology and semiconductor manufacturing facility – the first one in Kenya.
GlobalFoundries moves HQ to Fab 8 in New York Semiconductor manufacturer GlobalFoundries says it will relocate its headquarters to Malta, New York, the site of Fab 8 — as the company positions itself for growth, strengthens partnerships with customers and recruits new talent.
Neonode tech to make self-checkout kiosk contactless Neonode Inc. says that Japan Aerospace Corporation, a Neonode value-added reseller, has been selected by a major Japanese retail chain to retrofit the chain’s self-checkout kiosks with Neonode contactless touch technology.
$1 billion for every chip maker that wants to “Make in India” India has under the banner “Make in India” been encouraging companies to manufacture in the country and incentivised dedicated investments into manufacturing.
Silicon Labs sells infrastructure & auto unit to Skyworks Analog semiconductor specialist Skyworks Solutions, has entered into a definitive agreement with Silicon Laboratories Inc., under which Skyworks will acquire the Infrastructure & Automotive business of Silicon Labs in an all-cash asset transaction valued at USD 2.75 billion.
Home on the range: Getting multiple gain ranges with instrumentation amplifiers Question: I have an instrumentation amplifier, but I need wider dynamic range than I can get with a single gain. Can I multiplex gain resistors to get programmable gain?
Tata Nordics opens shop in Gothenburg Earlier this year, Tata Technologies began operations in its wholly owned subsidiary in Gothenburg, Sweden. It also marks the completion of its acquisition deal with Escenda AB in 2017.
Kraken acquires Brazilian underwater robotics company Canadian marine technology company Kraken Robotics, announces that it has acquired Brazilian underwater robotics company 13 Robotics Ltda.
This round goes to Intel A U.S. jury has ruled in favour of Intel in a patent infringement lawsuit the chip maker filed against VLSI Technology LLC.
Trouble will not let go of Renesas Renesas confirmed the emission of smoke (late afternoon local time on April 21, 2021) from the power panel of a Rail Guided Vehicle (RGV) located on the basement of the N3 Building (300mm line) of Naka Factory.Load more news