microchip taps tsmc veteran cassidy for board seat
Chandler, Friday, 2 May 2025.
microchip technology has appointed rick cassidy, formerly of tsmc, to its board. cassidy’s experience includes leadership roles at tsmc north america and tsmc arizona. analysts suggest this move could strengthen microchip’s strategic alliances. cassidy’s expertise is expected to enhance microchip’s strategies within the semiconductor landscape. he was instrumental in shaping corporate strategy and driving the success of the fabless semiconductor model. his appointment took effect today, may 2, 2025. the move signals microchip’s intent to leverage cassidy’s deep industry knowledge.
tsmc stock reaction
Following the announcement, TSMC’s stock on the NYSE showed a positive trend [2]. The stock price was $179.28 as of 22:00 on May 2, 2025, reflecting a 3.80% increase from the previous day [2]. The trading volume reached 20.63 million shares [2]. The intraday high hit $180.65, while the low was $177.14 [2]. This suggests investor confidence in TSMC’s stability and future prospects [GPT].
strategic implications for tsmc
Cassidy’s move to Microchip’s board could influence TSMC’s strategic decisions [1]. His understanding of corporate strategy and the fabless semiconductor model is expected to benefit Microchip [1]. This appointment could also foster closer collaboration between Microchip and TSMC [1]. TSMC’s revenue for the last fiscal year was 2,161.74 billion TWD, with a profit of 838.50 billion TWD [2]. However, this represented a 4.5% decrease in revenue compared to the previous fiscal year [2]. Cassidy’s insights might help navigate future market challenges [GPT].
market capitalization and future reports
TSMC’s current market capitalization stands at 21,214.80 billion TWD [2]. The company is scheduled to release its second quarter 2025 report on July 17, 2025, and the third quarter report on October 16, 2025 [2]. The fiscal year 2025 report is expected on January 15, 2026 [2]. These reports will provide further insight into TSMC’s financial performance and market position [GPT].
global market performance
Across various exchanges, Taiwan Semiconductor Manufact. ADR showed gains [3]. On Tradegate, the stock was up 7.89% at 158.60 EUR [3]. The Frankfurt exchange listed the stock at 158.00 EUR [3]. Berlin recorded prices of 156.40 EUR, 158.20 EUR and 159.20 EUR [3]. These figures highlight positive investor sentiment across different markets [GPT].