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Ganesh Moorthy Retiring as Chief Executive Officer and President of Microchip Technology Incorporated; Steve Sanghi Appointed as Interim Chief Executive Officer and President CHANDLER, Ariz., Nov. 18, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that Ganesh Moorthy is retiring as Chief Executive Officer, President and as a member of the Board of Directors in connection with his 65th birthday at the end of November. The Board has appointed Steve Sanghi as interim Chief Executive Officer and President effective today. Mr. Sanghi will remain as Chair of the Board. “On behalf of the entire Board, we thank Ganesh for his service to Microchip over the past 23 years and we wish him well with his retirement. He has been a key member of our management team and served in many important roles during his tenure at Microchip including serving as President and CEO for the last four years during a very tumultuous cycle in our industry,” said Steve Sanghi. Mr. Sanghi continued, “I look forward to serving again as CEO and President to lead Microchip through this industry downturn and return the company to growth in revenue and profitability and enhance stockholder value.” Cautionary Statement: The statements contained in this release relating to leading Microchip through this industry downtown and returning the company to growth in revenue and profitability and enhance stockholder value are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any continued uncertainty, fluctuations or weakness in the U.S. and world economies (including China and Europe) due to changes in interest rates, high inflation, actions taken or which may be taken by the Biden administration or the current U.S. Congress or the incoming Trump administration or the new U.S. Congress, monetary policy, political, geopolitical, trade or other issues in the U.S. or internationally (including the military conflicts in Ukraine-Russia and the Middle East), further changes in demand or market acceptance of our products and the products of our customers and our ability to respond to any increases or decreases in market demand or customer requests to reschedule or cancel orders; the mix of inventory we hold, our ability to satisfy any short-term orders from our inventory and our ability to effectively manage our inventory levels; the impact that the CHIPS Act will have on increasing manufacturing capacity and our ability to effectively manage our production levels to meet any increases or decreases in market demand or any customer requests to reschedule or cancel orders; the impact of inflation on our business; competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; our ability to realize the expected benefits of our long-term supply assurance program; changes or fluctuations in customer order patterns and seasonality; our ability to effectively manage our supply of wafers from third party wafer foundries to meet any decreases or increases in our needs and the cost of such wafers, our ability to obtain additional capacity from our suppliers to increase production to meet any future increases in market demand; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies and benefits of our acquisitions; the impact of any future significant acquisitions or strategic transactions we may make; the costs and outcome of any current or future litigation or other matters involving our acquisitions (including the acquired business, intellectual property, customers, or other issues); the costs and outcome of any current or future tax audit or investigation regarding our business or our acquired businesses; fluctuations in our stock price and trading volume which could impact the number of shares we acquire under our share repurchase program and the timing of such repurchases; disruptions in our business or the businesses of our customers or suppliers due to natural disasters (including any floods in Thailand), terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally. For a detailed discussion of these and other risk factors, please refer to Microchip’s filings on Forms 10-K and 10-Q. You can obtain copies of Forms 10-K and 10-Q and other relevant documents for free at Microchip’s website (www.microchip.com) or the SEC’s website (www.sec.gov) or from commercial document retrieval services. Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this November 18, 2024 press release, or to reflect the occurrence of unanticipated events. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 116,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com. The Microchip logo and name are registered trademarks of Microchip Technology Incorporated. INVESTOR RELATIONS CONTACT:Sajid Daudi — Head of investor Relations(480) […]

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[Latest] Global Lithium-Sulfur Battery Market Size/Share Worth USD 1,654.5 Million by 2033 at a 38.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) Austin, TX, USA, Oct. 23, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Lithium-Sulfur Battery Market Size, Trends and Insights By Component (Anode, Cathode, Electrolyte, Separator, Others), By Battery Capacity (Low Capacity, Medium Capacity, High Capacity), By End-Use Industry (Automotive, Consumer Electronics, Energy Storage Systems, Aerospace and Defense, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database. “According to the latest research study, the demand of global Lithium-Sulfur Battery Market size & share was valued at approximately USD 65.1 Million in 2023 and is expected to reach USD 90.1 Million in 2024 and is expected to reach a value of around USD 1,654.5 Million by 2033, at a compound annual growth rate (CAGR) of about 38.2% during the forecast period 2024 to 2033.” Click Here to Access a Free Sample Report of the Global Lithium-Sulfur Battery Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=53177 Lithium-Sulfur Battery Market: Growth Factors and Dynamics High Energy Density: Lithium-sulfur batteries offer significantly higher energy density compared to traditional lithium-ion batteries, making them attractive for applications requiring lightweight and long-lasting power sources, such as electric vehicles and portable electronics. Low Cost: The use of sulfur, which is abundant and inexpensive, as the cathode material in lithium-sulfur batteries contributes to their lower production costs compared to other battery technologies, driving adoption across various industries. Environmental Sustainability: Lithium-sulfur batteries are considered more environmentally friendly than conventional lithium-ion batteries due to the reduced use of rare earth metals and toxic materials in their composition, aligning with sustainability goals and regulations. Advancements in Materials Science: Ongoing research and development in materials science are leading to innovations in sulfur cathode formulations, electrolyte compositions, and battery architectures, improving the performance, cycle life, and safety of lithium-sulfur batteries. Increasing Demand for Electric Vehicles: The global shift towards electric mobility, driven by concerns over air pollution and greenhouse gas emissions, is fueling the demand for high-performance and cost-effective battery technologies like lithium-sulfur batteries for electric vehicles. Growing Renewable Energy Integration: Lithium-sulfur batteries are well-suited for grid energy storage applications, enabling the efficient integration of renewable energy sources like solar and wind power by storing excess energy during periods of low demand and supplying it during peak demand periods. Government Support and Incentives: Government initiatives and policies promoting the adoption of clean energy technologies and electric vehicles, such as subsidies, tax incentives, and regulatory mandates, provide a favorable environment for the growth of the lithium-sulfur battery market. Advancements in Manufacturing Processes: Continuous improvements in battery manufacturing processes, such as roll-to-roll production and additive manufacturing techniques, are reducing production costs, increasing production efficiency, and scaling up the commercialization of lithium-sulfur batteries. Partnerships and Collaborations: Collaborations between battery manufacturers, research institutions, and industry stakeholders facilitate knowledge sharing, technology transfer, and joint R&D efforts, accelerating the development and commercialization of advanced lithium-sulfur battery technologies for diverse applications. Request a Customized Copy of the Lithium-Sulfur Battery Market Report @ https://www.custommarketinsights.com/inquire-for-discount/?reportid=53177 Lithium-Sulfur Battery Market: Partnership and Acquisitions In 2023, Lyten Inc., a US-based battery manufacturer, commissioned its lithium-sulfur battery pilot line in Silicon Valley. Scheduled to commence commercial battery cell deliveries by late 2023, the pilot line targets early adopters in defense, logistics, automotive, and satellite industries. In 2022, NexTech Batteries Inc. and Mullen Technologies, Inc. have announced a strategic collaboration. This partnership aims to leverage NexTech’s battery technology expertise and Mullen Technologies’ position in electric vehicle manufacturing to drive innovation and advancement in the EV industry. Report Scope Feature of the Report Details Market Size in 2024 USD 90.1 Million Projected Market Size in 2033 USD 1,654.5 Million Market Size in 2023 USD 65.1 Million CAGR Growth Rate 38.2% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Component, Battery Capacity, End-Use Industry and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Lithium-Sulfur Battery report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.About 220+ Pages Research Report (Including Recent Research)Provide detailed chapter-by-chapter guidance on the Request.Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024Includes Tables and figures have been updated.The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Lithium-Sulfur Battery report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Lithium-Sulfur Battery Market Report @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ Lithium-Sulfur Battery Market: COVID-19 Analysis The COVID-19 pandemic has significantly impacted the Lithium-Sulfur Battery Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts: Supply Chain Disruptions: The COVID-19 pandemic disrupted global supply chains, leading to shortages of raw materials, components, and equipment necessary for lithium-sulfur battery production. This resulted in production delays, increased lead times, and supply constraints for manufacturers. Reduced Demand in Automotive Sector: Lockdown measures and economic slowdowns during the pandemic led to a decline in demand for electric vehicles, impacting the demand for lithium-sulfur batteries used in automotive applications. Government Stimulus Packages: Government stimulus packages aimed at reviving the economy post-pandemic include investments in clean energy and electric vehicle infrastructure, boosting demand for lithium-sulfur batteries. R&D Investments: Continued investments in research and development to improve battery performance, safety, and cost-effectiveness drive innovation and accelerate the commercialization of advanced lithium-sulfur battery technologies. Resurgence in Electric Vehicle Market: The rebound in the electric vehicle market as economies recover from the pandemic drives demand for lithium-sulfur batteries, particularly for lightweight, high-energy-density solutions suitable for electric vehicles. Diversification of Supply Chains: Manufacturers are diversifying their supply chains and adopting strategies to mitigate future supply chain disruptions by sourcing raw materials from multiple suppliers and exploring local sourcing options. Partnerships and Collaborations: Collaborations between battery manufacturers, automotive OEMs, and research institutions foster innovation and accelerate the development and commercialization of lithium-sulfur battery technologies for various applications. Focus on Energy Storage Systems: The COVID-19 pandemic highlighted the importance of energy resilience and grid stability, driving increased investments in energy storage systems. Lithium-sulfur batteries, with their high energy density and cost-effectiveness, are well-suited for grid-scale energy storage applications, contributing to market recovery. Technological Advancements: Continued technological advancements in lithium-sulfur battery chemistry, electrode design, and manufacturing processes enable the development of batteries with improved performance, safety, and longevity, driving market recovery by addressing key concerns and enhancing competitiveness in diverse applications. In conclusion, the COVID-19 pandemic has had a mixed impact on the Lithium-Sulfur Battery Market, with some challenges and opportunities arising from the pandemic. Request a Customized Copy of the Lithium-Sulfur Battery Market Report @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ Key questions answered in this report: What is the size of the Lithium-Sulfur Battery market and what is its expected growth rate?What are the primary driving factors that push the Lithium-Sulfur Battery market forward?What are the Lithium-Sulfur Battery Industry’s top companies?What are the different categories that the Lithium-Sulfur Battery Market caters to?What will be the fastest-growing segment or region?In the value chain, what role do essential players play?What is the procedure for getting a free copy of the Lithium-Sulfur Battery market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2024−2033Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading TrendsMarket Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regionsCompetitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Lithium-Sulfur Battery Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ Lithium-Sulfur Battery Market – Regional Analysis The Lithium-Sulfur Battery Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: In North America, the Lithium-Sulfur Battery Market is driven by a strong focus on innovation and technological advancements. Trends include significant investments in research and development, partnerships between industry players and academic institutions, and government support for clean energy initiatives. Additionally, there is a growing demand for electric vehicles and renewable energy storage solutions, further stimulating the adoption of lithium-sulfur batteries. Europe: In Europe, the Lithium-Sulfur Battery Market is characterized by a push towards sustainability and environmental consciousness. Trends include stringent regulations promoting clean energy and electric mobility, leading to increased investments in lithium-sulfur battery technology. Additionally, collaborations between European countries and industry stakeholders drive research and development efforts focused on improving battery performance, safety, and recyclability. Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the Lithium-Sulfur Battery Market driven by expanding industrialization and technological advancements. Trends include a surge in electric vehicle adoption, particularly in countries like China and Japan, leading to a growing demand for high-performance and cost-effective battery solutions. Additionally, investments in renewable energy projects and grid modernization initiatives further propel the adoption of lithium-sulfur batteries for energy storage applications. LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the Lithium-Sulfur Battery Market is emerging with a focus on addressing energy access and sustainability challenges. Trends include investments in off-grid renewable energy projects, particularly in rural areas, where lithium-sulfur batteries offer cost-effective and reliable energy storage solutions. Additionally, government initiatives promoting clean energy adoption and partnerships with international battery manufacturers drive market growth and technology transfer in the region. Request a Customized Copy of the Lithium-Sulfur Battery Market Report @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@custommarketinsights.com Browse the full “Lithium-Sulfur Battery Market Size, Trends and Insights By Component (Anode, Cathode, Electrolyte, Separator, Others), By Battery Capacity (Low Capacity, Medium Capacity, High Capacity), By End-Use Industry (Automotive, Consumer Electronics, Energy Storage Systems, Aerospace and Defense, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ List of the prominent players in the Lithium-Sulfur Battery Market: Oxis Energy Ltd.Sion Power CorporationPolyPlus Battery CompanySulfurcellExcellatron Solid State LLCTadiran Batteries GmbHOXIS Energy Inc.Nanotech Energy Inc.Ilika Technologies LimitedSion Power CorporationOxis Energy Ltd.SulfurcellPolyPlus Battery CompanyExcellatron Solid State LLCOXIS Energy Inc.Others Click Here to Access a Free Sample Report of the Global Lithium-Sulfur Battery Market @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ Spectacular Deals Comprehensive coverageMaximum number of market tables and figuresThe subscription-based option is offered.Best price guaranteeFree 35% or 60 hours of customization.Free post-sale service assistance.25% discount on your next purchase.Service guarantees are available.Personalized market brief by author. 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Which Trends Are Causing These Developments?Who Are the Global Key Players in This Lithium-Sulfur Battery Market? What are Their Company Profile, Product Information, and Contact Information?What Was the Global Market Status of the Lithium-Sulfur Battery Market? What Was the Capacity, Production Value, Cost and PROFIT of the Lithium-Sulfur Battery Market?What Is the Current Market Status of the Lithium-Sulfur Battery Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Lithium-Sulfur Battery Market by Considering Applications and Types?What Are Projections of the Global Lithium-Sulfur Battery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?What Is Lithium-Sulfur Battery Market Chain Analysis by Upstream Raw Materials and Downstream Industry?What Is the Economic Impact On Lithium-Sulfur Battery Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?What Are Market Dynamics of Lithium-Sulfur Battery Market? What Are Challenges and Opportunities?What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Lithium-Sulfur Battery Industry? Click Here to Access a Free Sample Report of the Global Lithium-Sulfur Battery Market @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ Reasons to Purchase Lithium-Sulfur Battery Market Report Lithium-Sulfur Battery Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.Lithium-Sulfur Battery Market report outlines market value (USD) data for each segment and sub-segment.This report indicates the region and segment expected to witness the fastest growth and dominate the market.Lithium-Sulfur Battery Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.Lithium-Sulfur Battery Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Lithium-Sulfur Battery market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Lithium-Sulfur Battery Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Lithium-Sulfur Battery market analysis. The competitive environment of current and potential participants in the Lithium-Sulfur Battery market is covered in the report, as well as those companies’ strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Lithium-Sulfur Battery market should find this report useful. The research will be useful to all market participants in the Lithium-Sulfur Battery industry.Managers in the Lithium-Sulfur Battery sector are interested in publishing up-to-date and projected data about the worldwide Lithium-Sulfur Battery market.Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Lithium-Sulfur Battery products’ market trends.Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Lithium-Sulfur Battery Market Report @ https://www.custommarketinsights.com/report/lithium-sulfur-battery-market/ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 801-639-9061 India: +91 20 46022736 Email: support@custommarketinsights.com Web: https://www.custommarketinsights.com/ Blog: https://www.techyounme.com/ Blog: https://atozresearch.com/ Blog: https://www.technowalla.com/ Blog: https://marketresearchtrade.com/ Buy this Premium Lithium-Sulfur Battery Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/lithium […]