Intel Corporation announced the addition of Eric Meurice and Steve Sanghi to its board of directors as independent directors, effective immediately. Both are recognized leaders in the semiconductor industry, with distinguished careers at companies such as ASML Holding N.V. and Microchip Technology Inc., respectively.
Notable Profiles in the Tech Industry
Eric Meurice, former president, CEO, and chairman of ASML Holding N.V., played a key role in the company’s exponential growth between 2004 and 2013, a period in which ASML’s market value quintupled. Meurice was also a pioneer in establishing ASML’s Customer Co-investment Program, where Intel and other companies participated to fund advanced lithography technologies such as extreme ultraviolet (EUV) lithography. His previous experience includes roles at companies like Dell, ITT Semiconductors, Thomson, and Intel itself.
On the other hand, Steve Sanghi, chairman of the board and interim CEO of Microchip Technology, has over 30 years of leadership in the industry. During his tenure as CEO of Microchip, the company achieved 121 consecutive quarters of profitability, growing from a market value of approximately $10 million to $44 billion. Before Microchip, Sanghi held key roles at Waferscale Integration Inc. and Intel.
Strategic Strengthening of Leadership
The addition of Meurice and Sanghi to the board comes at a crucial time for Intel, as the company seeks to solidify its position in the semiconductor market and advance its business transformation. According to Frank D. Yeary, interim executive chairman of Intel’s board, “Eric and Steve bring a unique combination of technical expertise, operational rigor, and strategic vision that will be invaluable in driving the company’s priorities, improving efficiency, and increasing profitability.”
Meurice expressed his enthusiasm for joining Intel during a period of historic technological innovation. “I look forward to working alongside my fellow board members to strengthen Intel’s competitiveness in the market and ensure sustainable financial performance,” he stated.
Sanghi, for his part, emphasized his commitment to Intel’s strategic transformation. “I am excited to contribute my experience at such a pivotal time for the company, which is well-positioned to seize opportunities in its product and foundry businesses,” he remarked.
Intel, a Leader in Innovative Technology
Intel continues to operate as a global leader in the tech industry, committed to advancing the design and manufacturing of semiconductors, inspired by Moore’s Law. The company aims to integrate intelligence into the cloud, networks, edge devices, and all forms of computing solutions to drive global progress and enrich people’s lives.
With this restructuring of its board of directors, Intel reinforces its strategy for innovation and transformation to tackle the challenges of an increasingly competitive and dynamic market.
Source: Intel