Steve Sanghi has been a key figure at Microchip Technology since 1990, where he played various roles including CEO and Executive Chair. Under his leadership, the company grew significantly, particularly during his three decades as CEO. He has an Engineering...

Steve Sanghi has been a key figure at Microchip Technology since 1990, where he played various roles including CEO and Executive Chair. Under his leadership, the company grew significantly, particularly during his three decades as CEO. He has an Engineering background, holding a degree in Electrical Engineering. After stepping down as CEO in 2021, he transitioned to Executive Chair. His compensation has reflected his contributions over the years, peaking with total earnings of over $9 million in 2021. Notably, he was heavily invested in the company, often making substantial stock trades that showcased his belief in Microchip's potential. His insider trading activity included some impressive values, with transactions like $447 million in November 2019. Steve also served on the boards of other technology companies, further building his profile in the industry. Overall, Sanghi’s tenure at a leading semiconductor firm marks a remarkable journey in the tech world, emphasizing long-term growth and innovation.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Microchip Technology CEOs

M

Steve Sanghi

CEO of Microchip Technology

Education

B.S. in Electrical Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1960 - 65 years ago

CEO of Microchip Technology for

0 years 4 months (Nov 2024 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Steve Sanghi

N

Kurt Sievers

CEO of NXP Semiconductors

2023 Compensation

Stock

$7.50M

Salary

$1.50M

Bonus

$2.50M

Other

$500.00K

Total Holdings

$47.01M

M

Michael Hsing

CEO of Monolithic Power Systems

2023 Compensation

Stock

$0.00

Salary

$831.60K

Bonus

$1.51M

Other

$0.00

Total Holdings

$631.63M

A

Vincent T. Roche

CEO of Analog Devices

2023 Compensation

Stock

$19.40M

Salary

$1.13M

Bonus

$0.00

Other

$345.19K

Total Holdings

$29.96M

T

Richard K. Templeton

CEO of Texas Instruments

2023 Compensation

Stock

$10.78M

Salary

$600.00K

Bonus

$2.00M

Other

$421.71K

Total Holdings

$83.59M

M

Stephen G. Daly

CEO of MACOM Technology Solutions

2023 Compensation

Stock

$29.21M

Salary

$725.00K

Bonus

$101.50K

Other

$10.26K

Total Holdings

$5.13M

K

Richard P. Wallace

CEO of KLA Corporation

2022 Compensation

Stock

$46.42M

Salary

$997.12K

Bonus

$2.95M

Other

$1.32M

Total Holdings

$63.76M

Holdings

See how much did Steve Sanghi make over time.

Steve Sanghi's stock holdings show he was deeply invested in Microchip. In November 2019, he executed a massive $447 million trade, signaling strong confidence in the company's future. His trades fluctuated widely, but his ongoing belief in Microchip's growth was...

Steve Sanghi's stock holdings show he was deeply invested in Microchip. In November 2019, he executed a massive $447 million trade, signaling strong confidence in the company's future. His trades fluctuated widely, but his ongoing belief in Microchip's growth was clear, reaching peaks in 2021 with multiple transactions exceeding $700 million. This not only demonstrates his investment strategy but also his commitment to Microchip's success. Over the years, his wealth from stock has varied, indicating strategic moves based on market conditions while consistently maintaining a significant position in the company.

Total Stock Sold

$79.97M

MCHP

$79.97M

5,273,269 MCHP shares

What if they kept their stock?

If Steve Sanghi didn't sell their stock, today they would have:
Extra MCHP5,273,269 shares worth $206.84M.
This is 158.64% and $126.87M more than what they got when they sold the stock.

Charitable Transactions

MCHP

12,087,566 shares

MCHP

Recent Charitable Transactions

MCHP

$431.44K

MCHP at $45.81/share

Feb 13, 2014

Charity

MCHP

$705.84K

MCHP at $44.17/share

Jan 2, 2014

Charity

MCHP

0 shares

MCHP

Feb 24, 2012

Charity

MCHP

57,250 shares

MCHP

Feb 21, 2012

Charity

MCHP

2,924,179 shares

MCHP

Feb 15, 2012

Charity

MCHP

2,924,179 shares

MCHP

Feb 15, 2012

Charity

Insider Trading

See recent insider trades of Steve Sanghi.

MCHP

$3.40M

MCHP at $93.40/share

Mar 7, 2024

Sale

MCHP

$21.25K

MCHP at $55.19/share

Mar 1, 2023

Received

MCHP

$21.29K

MCHP at $40.47/share

Mar 1, 2022

Received

MCHP

$3.83M

MCHP at $84.47/share

Dec 22, 2021

Sale

MCHP

$3.62M

MCHP at $87.14/share

Dec 16, 2021

Sale

MCHP

$3.91M

MCHP at $86.71/share

Dec 9, 2021

Sale

MCHP

$7.91M

MCHP at $83.90/share

Dec 1, 2021

Sale

MCHP

$21.77K

MCHP at $80.94/share

Mar 1, 2021

Received

MCHP

$21.29K

MCHP at $72.16/share

Mar 1, 2020

Received

MCHP

$20.49K

MCHP at $73.18/share

Mar 1, 2019

Received

Compensation History

See how much did Steve Sanghi make over time.

In 2021, Steve Sanghi received a total compensation of about $9.3 million, primarily from vested stock worth $7.4 million. His salary for the year was around $702,000, along with bonuses and other benefits. Notably, his pay included a significant reduction after he transitioned from CEO to Executive Chair in 2021. This reduction was part of a strategy to align with company performance and his new role. In earlier years, he earned as much as $12.8 million in total compensation, showing a steady increase in his earnings as Microchip expanded its market footprint and profitability, making him a key player in the tech industry.

Year

2021

Total Compensation

$4.28M

Salary

$484.88K

Board Justification

Microchip's compensation philosophy is based on a pay-for-performance approach, aligning executive compensation with company performance and individual contributions.

Bonus

$38.13K

Board Justification

The bonus for Mr. Sanghi was calculated based on a percentage of his salary under the Management Incentive Compensation Plan (MICP), which was set at 120% of his salary for the fiscal year 2022.

Other

$18.27K

Board Justification

Other compensation includes company-matching contributions under the 401(k) retirement savings plan and life insurance premiums paid by Microchip for Mr. Sanghi.

Restricted Stock

$3.74M(3.74M RSU)

Board Justification

The vested stock for Mr. Sanghi consists of RSUs that were granted in prior years and vested during fiscal 2022.

Performance Metrics

The performance metrics for the MICP included various financial targets based on Microchip's overall performance, including revenue growth and profitability.

Other Microchip Technology CEOs

Here are other CEOs of Microchip Technology

Ganesh Moorthy

Ex-CEO of Microchip Technology

March 2021 - November 2024