Microchip Stock: The Turnaround Is Taking Hold, But Market Is Skeptical (NASDAQ:MCHP)

Leadership Transition - Microchip Technology Incorporated underwent a significant leadership change in 2021 with the retirement of long-term CEO Mr. Steve Sanghi, who had led the company for three decades [1] Company Strategy - The company is focused on building a resilient, income-generating portfolio with a long-term growth mindset, blending dividend-paying equities, REITs, and selective growth opportunities [1]