Microchip CEO Sells Shares Worth Approximately 60 Billion Won from Late April to Early May

Steve Sanghi, CEO of U.S. semiconductor company Microchip Technology Inc. (Nasdaq: MCHP), sold approximately 400,000 shares of common stock on the open market on April 23, according to a recent filing, raising about $36.9 million (roughly KRW 50 billion).

The sale was made under a Rule 10b5-1 trading plan established in June 2025. Even after the sale, Sanghi still indirectly holds some 9.5 million shares of Microchip common stock through trusts and a family limited partnership, maintaining substantial economic interest.

He also sold roughly 100,000 additional shares on April 30 and May 1 under the same plan, netting close to $10 million (around KRW 10 billion), while his indirect holdings remain in the millions of shares.

In its May 7 release of fourth-quarter and full-year fiscal 2026 results, the company reported March-quarter revenue of $1.311 billion, up more than 35% year-over-year, and projected mid-30% growth for the June quarter of fiscal 2026. ()

In April, Microchip also announced it had received IEC 62443-4-1 ML2 certification—an international standard for industrial control system cybersecurity—underscoring its strengthened security capabilities for the industrial and automation markets. ()

Headquartered in Chandler, Arizona, Microchip Technology is a NASDAQ-listed semiconductor company specializing in smart, connected, secure embedded control solutions, including microcontrollers, analog, and power semiconductors. ()

Steve Sanghi has led the company since the early 1990s and currently serves as Chairman, CEO, and President. He also joined Intel’s board of directors in 2024. ()