Microchip CEO Sells Shares Worth 15 Billion Won in the Last Month

Microchip Technology Inc. (NASDAQ: MCHP) announced that on April 30 and May 1, its CEO and board chairman, Steve Sanghi, sold approximately 100,000 shares of common stock in the open market under a prearranged Rule 10b5-1 trading plan. These shares were held through a family trust and a family limited partnership. The transactions generated about $10 million (roughly ₩13 billion) in cash, and Sanghi still retains substantial indirect holdings of over 9 million shares. On May 15, insider Matthew W. Chapman sold shares worth the mid-five-figure range, and on May 22, COO Richard J. Simoncic sold stock valued at several hundred thousand dollars, each modestly reducing their stakes.

On May 7, Microchip reported fourth-quarter results for fiscal 2026, delivering earnings per share slightly above market expectations and declaring a quarterly dividend of $0.455 per share, continuing its dividend-growth trajectory. Then, on May 26, the company unveiled new products—including a 3.3 kV silicon-carbide (SiC) power module designed for AI data-center solid-state transformers—further expanding its power and data-center offerings.

Headquartered in Chandler, Arizona, Microchip Technology is a leading semiconductor supplier of smart embedded control solutions—such as microcontrollers, analog, and interface chips—to the global automotive, industrial, communications, and data-center markets. Steve Sanghi, an Indian-American executive who has led the company since the 1990s, returned to the CEO and president roles at the end of 2024 and continues to oversee the company’s long-term strategy and operations.