SANTA CLARA, Calif.–(BUSINESS WIRE)–
Intel Corporation at the moment introduced that Eric Meurice, former president, chief government officer and chairman of ASML Holding N.V., and Steve Sanghi, chairman and interim chief government officer of Microchip Technology Inc., have been appointed to Intel’s board of administrators, efficient instantly. Both will function impartial administrators.
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Eric Meurice joined Intel Corporation’s board of administrators in December 2024. (Photo: Business Wire)
“Eric and Steve are extremely revered leaders within the semiconductor trade whose deep technical experience, government expertise and operational rigor make them nice additions to the Intel board,” stated Frank D. Yeary, interim government chair of the Intel board. “As profitable CEOs with confirmed observe information of making shareholder worth, they are going to carry useful views to the board as the corporate delivers on its priorities for patrons in Intel Products and Intel Foundry, whereas driving better effectivity and bettering profitability.”
Meurice served as president and chief government officer of ASML from 2004 to 2013. During his tenure, ASML’s market worth elevated five-fold. He was additionally instrumental in establishing ASML’s Customer Co-Investment Program, beneath which Intel and others agreed to spend money on ASML’s analysis and growth of next-generation lithography applied sciences, together with excessive ultraviolet (EUV) lithography. Prior to ASML, Meurice served as government vp of Thomson’s TV division. He additionally held numerous management roles at Dell, ITT Semiconductors and Intel.
“I’m thrilled to hitch Intel’s board as the corporate completes a historic tempo of course of expertise innovation and transforms its enterprise for the longer term,” stated Meurice. “I stay up for working with my fellow administrators to additional improve Intel’s market competitiveness and ship sustainable monetary efficiency.”
Sanghi is chair of the board of Microchip Technology and not too long ago agreed to function interim chief government officer and president. He beforehand led Microchip Technology as CEO from 1991 to 2021, making him one of many longest-serving CEOs of a semiconductor firm. Under his management, Microchip Technology achieved 121 consecutive quarters of profitability. He took the corporate from a market worth of roughly $10 million to a market worth of roughly $44 billion over his tenure of 30 years. Prior to Microchip Technology, Sanghi served as vp of Operations at Waferscale Integration Inc. and held a number of administration roles at Intel.
“I’m excited to lend my expertise and perspective as Intel executes probably the most consequential company transformations in many years,” stated Sanghi. “Intel is well-positioned to capitalize on engaging alternatives throughout its product and foundry companies, and I’m desirous to work with the board and administration crew to ship on the targets the corporate has set.”
About Intel
Intel (Nasdaq: INTC) is an trade chief, creating world-changing expertise that allows world progress and enriches lives. Inspired by Moore’s Law, we constantly work to advance the design and manufacturing of semiconductors to assist tackle our clients’ biggest challenges. By embedding intelligence within the cloud, community, edge and each form of computing system, we unleash the potential of information to remodel enterprise and society for the higher. To study extra about Intel’s improvements, go to newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel emblem and different Intel marks are logos of Intel Corporation or its subsidiaries. Other names and types could also be claimed because the property of others.
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Nima Gupta
Media Relations
1-415-531-1192
nima.gupta@intel.com
Source: Intel Corporation
Released Dec 5, 2024 • 8:30 AM EST
