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Form 8-K · Current Report · Filed 2025-02-04

Victor Peng Appointed to Microchip Technology's Board

On February 4, 2025, Microchip Technology Incorporated announced the appointment of Victor Peng, formerly the president of Advanced Micro Devices, Inc.

Filer
Microchip Technology Inc. MCHP · NASDAQ
Filed
Accession
0000827054-25-000013
CIK
0000827054
Signal
High impactTechnology

Details

(AMD), to its Board of Directors, effective February 10, 2025. Peng will participate in the Company's standard compensation plan for non-employee directors.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed

Market reaction

Close before filing

$52.26

Next session

+2.4%

Since filing

+42.2%

Latest close

$74.29

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MCHP reporting the same item, with the next session's move:

About Microchip Technology Inc.

Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors. The company's primary function is to design and manufacture embedded control solutions that include memory, mixed-signal, and linear components. These products are essential in enabling a wide range of applications across various industries, such as automotive, communications, computing, consumer electronics, and industrial sectors. Notably, Microchip's extensive portfolio supports the development of smart devices and IoT applications, fostering innovation in automation and connectivity. Headquartered in Chandler, Arizona, Microchip Technology Inc. plays a crucial role in the global semiconductor industry, facilitating technological advancements with its reliable and high-performance products. Through strategic acquisitions and developments, the company consistently expands its influence, serving a broad base of customers with comprehensive microcontroller and control solutions. With its commitment to quality and innovation, Microchip Technology Inc. is a pivotal player in driving the evolution of embedded control systems.

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