Microchip CEO Sells Shares Worth 50 Billion Won

On April 23, Steve Sanghi, CEO of U.S. semiconductor company Microchip Technology Inc. (NASDAQ: MCHP), sold approximately 416,000 shares of common stock on the open market, raising roughly $36.9 million (about KRW 500 billion). The transaction, executed at an average price of $88.53 per share, was carried out under a pre-established Rule 10b5-1 trading plan, according to the SEC filing. Following the sale, Sanghi continues to hold over 9.5 million shares indirectly through family trusts and partnerships, maintaining a significant economic interest in the company.

Microchip’s share price has climbed for six consecutive trading days, buoyed by AI infrastructure product launches and strength in the semiconductor sector, reaching a 52-week high near $88.50 on April 23. During this period, the company announced a string of new products and partnerships—including a high-precision timing module for data centers and 5G in collaboration with Intel, as well as space and defense solutions—reinforcing its efforts to meet growing AI and infrastructure demand.

Headquartered in Chandler, Arizona, Microchip is a mid-to-large-sized fabless company specializing in embedded control and analog semiconductors. It supplies microcontrollers, FPGAs, power management, and security chips for automotive, industrial, and communications equipment. Sanghi, who has led the company as CEO for many years, has driven growth through acquisitions and product diversification. Despite the recent share sale, he still holds a substantial stake in Microchip.