A few days after the surprise departure of its CEO Pat Gelsinger, Intel announced on Thursday that two new members have joined its board of directors with immediate effect, including Eric Meurice, the emblematic former boss of ASML.
Meurice was CEO of ASML from 2004 to 2013, during which time the Dutch semiconductor equipment manufacturer's market capitalization increased fivefold.
Prior to joining ASML, Meurice worked for Dell and Intel, among others.
The chipmaker also announced that it had co-opted Steve Sanghi, the current chairman of the board and interim CEO of Microchip Technology.
Before recently taking over the helm of this semiconductor specialist, Sanghi had already headed the group from 1991 to 2021, one of the longest tenures of any executive in the sector.
During these 30 years, he managed to increase the company's stock market valuation from $10 million to some $44 billion.
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Founder of First Organization, Steve Sanghi is a businessperson who has been the head of 5 different companies and presently is Executive Chairman at Microchip Technology, Inc. and Chief Executive Officer & Director at Silicon Storage Technology, Inc. (a subsidiary of Microchip Technology, Inc.). Mr. Sanghi is also on the board of Impinj, Inc. and Microchip Ltd. and Senior Advisors at US Foundation for Inspiration & Recognition of Science & Tech.
In his past career Mr. Sanghi held the position of General Manager-Programmable Memory Operations at Intel Corp., Chairman of Adflex Solutions, Inc., Chief Executive Officer & Director at Microsemi Corp., Non-Executive Chairman for FlipChip International LLC, Vice President-Operations of Waferscale Integration, Inc. and Director at First Organization.
Mr. Sanghi received a graduate degree from the University of Massachusetts and an undergraduate degree from Panjab University Chandigarh.
Intel Corporation is the world leading manufacturer of semiconductor. Net sales break down by family of products and services as follows:
- computing architectures products (93.2%): processors and microprocessors (Pentium, Intel Xeon brands, etc.), graphics cards, chips and motherboards, connectivity products, cellular modems, Ethernet controllers, network components, storage products, etc. for PCs, servers, data centers, cloud networks, workstations, notebooks, Internet of Things, graphics architectures, intelligent peripherals and communications infrastructures. The group also develops associated software;
- advanced driving assistance and autonomous driving systems (3.8%; Mobileye);
- wafer manufacturing services (1.8%): accelerators, monolithic chips, silicon wafers, etc. The group also offers chiplet software and mask manufacturing equipment for advanced lithography;
- other (1.2%).
Net sales (including intragroup) are distributed geographically as follows: the United States (25.7%), China (27.4%), Singapore (15.9%), Taiwan (12.7%) and other (18.3%).
INTEL CORPORATION 
