Ep. 26 | Microchip's Steve Sanghi on How to Bring a Company from Debt to Billions
Steve Sanghi, Executive Chairman and former CEO of Microchip Technology, recounts how he took over the company in 1990 when it was on the verge of bankruptcy, transforming it into a $43 billion enterprise. He details the strategic pivot to field-programmable microcontrollers using EPROM technology, which allowed for zero lead times and eliminated the scrap costs associated with ROM-based parts. Sanghi emphasizes Microchip's 'different-by-design' culture, including a strict policy of promoting from within and heavy investment in employee training, which contributed to 121 consecutive profitable quarters.