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Microchip Technology Appoints Long-Time TSMC Executive Rick Cassidy to Its Board of Directors

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Microchip Technology (NASDAQ: MCHP) has appointed Rick Cassidy to its Board of Directors, effective May 2, 2025. Cassidy, currently serving as Senior Vice President of Corporate Strategy Development at TSMC and Chairman of TSMC Arizona, brings nearly three decades of semiconductor industry experience. His notable roles include President and CEO of TSMC North America and founding President and CEO of TSMC Arizona. Cassidy's extensive background includes key positions at National Semiconductor and service on the Global Semiconductor Alliance Board.

The appointment strengthens Microchip's strategic leadership, leveraging Cassidy's expertise in corporate strategy, customer relationships, and semiconductor industry dynamics.

Microchip Technology (NASDAQ: MCHP) ha nominato Rick Cassidy nel proprio Consiglio di Amministrazione, con effetto dal 2 maggio 2025. Cassidy, attualmente Vicepresidente Senior per lo Sviluppo della Strategia Aziendale presso TSMC e Presidente di TSMC Arizona, vanta quasi trent'anni di esperienza nel settore dei semiconduttori. Tra i suoi ruoli più rilevanti figurano Presidente e CEO di TSMC Nord America e fondatore nonché Presidente e CEO di TSMC Arizona. Il suo ampio background comprende posizioni chiave presso National Semiconductor e la partecipazione al Consiglio della Global Semiconductor Alliance.

Questa nomina rafforza la leadership strategica di Microchip, sfruttando l'esperienza di Cassidy nella strategia aziendale, nelle relazioni con i clienti e nelle dinamiche dell'industria dei semiconduttori.

Microchip Technology (NASDAQ: MCHP) ha designado a Rick Cassidy como miembro de su Junta Directiva, con efecto a partir del 2 de mayo de 2025. Cassidy, quien actualmente se desempeña como Vicepresidente Senior de Desarrollo de Estrategia Corporativa en TSMC y Presidente de TSMC Arizona, aporta casi tres décadas de experiencia en la industria de semiconductores. Entre sus cargos destacados se incluyen Presidente y CEO de TSMC Norteamérica y fundador, además de Presidente y CEO de TSMC Arizona. Su amplia trayectoria incluye posiciones clave en National Semiconductor y su participación en la Junta de la Global Semiconductor Alliance.

Este nombramiento fortalece el liderazgo estratégico de Microchip, aprovechando la experiencia de Cassidy en estrategia corporativa, relaciones con clientes y dinámicas de la industria de semiconductores.

마이크로칩 테크놀로지(NASDAQ: MCHP)는 2025년 5월 2일부로 릭 캐시디를 이사회 이사로 임명했습니다. 현재 TSMC에서 기업 전략 개발 수석 부사장 및 TSMC 애리조나 회장을 맡고 있는 캐시디는 반도체 산업에서 거의 30년의 경력을 보유하고 있습니다. 그의 주요 경력으로는 TSMC 북미 지사 사장 겸 CEO, TSMC 애리조나 창립 사장 겸 CEO가 있습니다. 또한 National Semiconductor에서 주요 직책을 역임했으며 Global Semiconductor Alliance 이사회에도 참여했습니다.

이번 임명은 캐시디의 기업 전략, 고객 관계 및 반도체 산업 동향에 대한 전문성을 활용하여 마이크로칩의 전략적 리더십을 강화합니다.

Microchip Technology (NASDAQ : MCHP) a nommé Rick Cassidy au sein de son conseil d'administration, à compter du 2 mai 2025. Cassidy, qui occupe actuellement le poste de vice-président senior du développement de la stratégie d'entreprise chez TSMC et président de TSMC Arizona, apporte près de trente ans d'expérience dans l'industrie des semi-conducteurs. Parmi ses fonctions notables figurent président et directeur général de TSMC Amérique du Nord ainsi que président fondateur et directeur général de TSMC Arizona. Son parcours comprend également des postes clés chez National Semiconductor et un mandat au conseil d'administration de la Global Semiconductor Alliance.

Cette nomination renforce le leadership stratégique de Microchip en tirant parti de l'expertise de Cassidy en stratégie d'entreprise, relations clients et dynamique de l'industrie des semi-conducteurs.

Microchip Technology (NASDAQ: MCHP) hat Rick Cassidy mit Wirkung zum 2. Mai 2025 in seinen Vorstand berufen. Cassidy, derzeit Senior Vice President für Unternehmensstrategieentwicklung bei TSMC und Vorsitzender von TSMC Arizona, bringt fast drei Jahrzehnte Erfahrung in der Halbleiterindustrie mit. Zu seinen bedeutenden Positionen zählen Präsident und CEO von TSMC Nordamerika sowie Gründer, Präsident und CEO von TSMC Arizona. Sein umfangreicher Hintergrund umfasst Schlüsselpositionen bei National Semiconductor sowie eine Mitgliedschaft im Vorstand der Global Semiconductor Alliance.

Die Ernennung stärkt die strategische Führung von Microchip, indem Cassidys Expertise in Unternehmensstrategie, Kundenbeziehungen und Dynamiken der Halbleiterindustrie genutzt wird.

Positive
  • Addition of seasoned semiconductor industry executive with 30 years of experience
  • Strategic appointment strengthening ties with key manufacturing partner TSMC
  • Brings valuable expertise in corporate strategy and customer relationships
Negative
  • None.

CHANDLER, Ariz., May 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, will join the Board of Directors of Microchip effective May 2, 2025.

Regarding Mr. Cassidy’s appointment to the board, Microchip’s President and CEO, Steve Sanghi, said, “We are thrilled to welcome Rick Cassidy to Microchip's Board of Directors. During his nearly three decades at TSMC, Rick has held significant leadership roles which include President and CEO of TSMC North America, and the founding President and CEO of TSMC Arizona, where today he holds the title of Chairman. He has been instrumental in shaping corporate strategy and driving the success of the fabless semiconductor model. Rick’s extensive background, which also includes key positions at National Semiconductor and service on the Global Semiconductor Alliance Board, brings invaluable expertise in strategy, customer trust, and industry leadership. We are confident that Rick will be a tremendous asset to Microchip, and we look forward to his contributions to our continued success.”

Mr. Cassidy commented, “I am honored to join Microchip's Board of Directors and look forward to contributing to its ongoing achievements. Microchip's dedication to innovation and customer satisfaction aligns with my values, and I am excited to help drive strategic growth and further strengthen its position in the semiconductor industry.”

About Microchip:

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve approximately 112,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

INVESTOR RELATIONS CONTACT:
Sajid Daudi -- Head of investor Relations
(480) 792-7385



FAQ

Who is Rick Cassidy and what is his new role at Microchip Technology (MCHP)?

Rick Cassidy is the Senior Vice President of Corporate Strategy Development at TSMC and Chairman of TSMC Arizona. He has been appointed to Microchip Technology's Board of Directors effective May 2, 2025.

What experience does Rick Cassidy bring to Microchip's (MCHP) board?

Cassidy brings nearly 30 years of experience at TSMC, where he served as President and CEO of TSMC North America and founding President and CEO of TSMC Arizona. He also held positions at National Semiconductor and served on the Global Semiconductor Alliance Board.

How might Rick Cassidy's appointment benefit Microchip Technology (MCHP)?

Cassidy's appointment brings valuable expertise in corporate strategy, customer relationships, and semiconductor industry leadership, which could help strengthen Microchip's position in the industry and its relationship with key manufacturing partner TSMC.

When does Rick Cassidy join Microchip Technology's (MCHP) board?

Rick Cassidy joins Microchip Technology's Board of Directors effective May 2, 2025.
Microchip Technology Inc.

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