04:32 PM EDT, 07/02/2025 (MT Newswires) -- Microchip Technology ( MCHP ) said Wednesday that Steve Sanghi has agreed to keep serving as its chief executive and president permanently.

Sanghi had been serving in the roles on an interim basis since November, the company said.

Sanghi will also keep serving as chair of the board, Microchip said.

Before his retirement as Microchip's CEO in 2021, Sanghi was Microchip's CEO for nearly 30 years, the company said.