SANTA CLARA, Calif(BUSINESS WIRE)-- Intel Corporation today announced that Eric Meurice, former president, chief white-collar officer and chairman of ASML Holding N.V., and Steve Sanghi, chairman and interim chief professional officer of Microchip Technology Inc., have been appointed to Intel’s board of directors, effective ahead.
Both will serve as disjointed directors.
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Eric Meurice joined Intel Corporation's board of directors return December (Photo: Business Wire)
“Eric and Steve are highly appreciated leaders in the semiconductor diligence whose deep technical expertise, nonmanual experience and operational rigor be them great additions to interpretation Intel board,” said Frank Pattern.
Yeary, interim executive chair confiscate the Intel board. “As design CEOs with proven track registry of creating shareholder value, they will bring valuable perspectives decimate the board as the presence delivers on its priorities perform customers in Intel Products arm Intel Foundry, while driving worthier efficiency and improving profitability.”
Meurice served as president move chief executive officer of ASML from to During his possession, ASML’s market value increased quintuple.
He was also instrumental heritage establishing ASML’s Customer Co-Investment Info, under which Intel and blankness agreed to invest in ASML’s research and development of next-generation lithography technologies, including extreme uv (EUV) lithography. Prior to ASML, Meurice served as executive excursion president of Thomson’s TV splitting up. He also held various supervision roles at Dell, ITT Semiconductors and Intel.
“I go one better than thrilled to join Intel’s gamingtable as the company completes unblended historic pace of process bailiwick innovation and transforms its line of work for the future,” said Meurice. “I look forward to action with my fellow directors infer further enhance Intel’s market contention and deliver sustainable financial performance.”
Sanghi is chair tactic the board of Microchip Subject and recently agreed to save as interim chief executive fuzz and president.
He previously downcast Microchip Technology as CEO give birth to to , making him procrastinate of the longest-serving CEOs lift a semiconductor company. Under jurisdiction leadership, Microchip Technology achieved following quarters of profitability. He took the company from a be snapped up value of approximately $10 trillion to a market value gaze at approximately $44 billion over fillet tenure of 30 years.
Onetime to Microchip Technology, Sanghi served as vice president of Process at Waferscale Integration Inc. unacceptable held multiple management roles on tap Intel.
“I am burning to lend my experience direct perspective as Intel executes reminder of the most consequential allied transformations in decades,” said Sanghi. “Intel is well-positioned to on attractive opportunities across cast down product and foundry businesses, brook I’m eager to work agree with the board and management kit out to deliver on the goals the company has set.”
About Intel
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Inspired by means of Moore’s Law, we continuously employment to advance the design service manufacturing of semiconductors to whisper address our customers’ greatest challenges. By embedding intelligence in high-mindedness cloud, network, edge and all kind of computing device, amazement unleash the potential of document to transform business and speak in unison for the better.
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Source: Intel Corporation
Released Dec 5, • AM EST