- Microchip (MCHP) said COO Richard Simoncic will resign effective Aug 17, 2026 to become CEO at Menlo Microsystems; filing gives date and new role but no successor or transition details.
- Microchip (MCHP) will buy edge-AI chipmaker Hailo; deal closes by Sept. 30 pending approvals. Adds Hailo’s AI processors, vision and robotics IP; no material near-term impact on results.
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Key facts: Microchip COO to Leave for Menlo; to Acquire Hailo by Sept. 30
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Microchip (MCHP) said COO Richard Simoncic will resign effective Aug 17, 2026 to become CEO at Menlo Microsystems; filing gives date and new role but no successor or transition det