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

Core Insights - Microchip Technology Incorporated announced the appointment of Rick Cassidy to its Board of Directors effective May 2, 2025, enhancing its leadership team with significant semiconductor industry experience [1][2]. Company Overview - Microchip Technology is a leading provider of smart, connected, and secure embedded control solutions, serving approximately 112,000 customers across various markets including industrial, automotive, consumer, aerospace and defense, communications, and computing [3]. - The company is headquartered in Chandler, Arizona, and offers a comprehensive product portfolio along with easy-to-use development tools that help customers reduce risk and lower total system costs [3]. Leadership Appointment - Rick Cassidy has nearly three decades of experience at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), where he held significant leadership roles, including President and CEO of TSMC North America and founding President and CEO of TSMC Arizona [2]. - Cassidy's expertise in corporate strategy and the fabless semiconductor model is expected to be a valuable asset for Microchip as it aims to strengthen its position in the semiconductor industry [2].