In a wave of executive reshuffles, several major semiconductor companies have recently announced new leadership appointments. Among the most notable changes, Chen Feng, former Vice President of Rockchip, has been named CEO of Arm China (安谋科技). Meanwhile, GlobalFoundries (GF), Skyworks, Tower Semiconductor, Microchip, and Littelfuse have also introduced new leadership, signaling strategic shifts within the industry.

Arm China Appoints Chen Feng as CEO

Arm China has confirmed that Chen Feng officially joined the company on February 5, 2025, as CEO, replacing Liu Renchen and Chen Xun, who have stepped down from their co-CEO roles. Both will remain as company advisors until the end of February to assist with the transition.

Chen Feng brings extensive industry experience, having previously served at Bell Labs, SMIC, and Rockchip, where he played a pivotal role in product planning and market strategy. His appointment has garnered significant industry attention, given Arm China's critical role in China's semiconductor ecosystem.

GlobalFoundries: Tim Breen Named CEO

On February 5, GlobalFoundries (GF) announced Tim Breen as its new CEO, effective April 28, 2025. The current CEO, Dr. Thomas Caulfield, will transition to Executive Chairman, while Niels Anderskouv has been promoted to President and Chief Operating Officer (COO).

Breen, who has been with GF since 2018, previously led global operations, including manufacturing, quality, supply chain, and IT. Caulfield, who led GF's 2021 IPO, will now focus on strategic industry partnerships. GF, the world's fifth-largest foundry, reported $1.739 billion in revenue in Q3 2024, a 6.6% quarter-over-quarter increase.

Skyworks Names Philip Brace as CEO

On February 5, Skyworks Solutions appointed Philip Brace as President, CEO, and Board Member, effective February 17, 2025. Liam K. Griffin, the outgoing CEO, will serve as advisor for three months to ensure a smooth transition.

Brace has extensive experience in semiconductors, IoT, and cloud computing, having held leadership roles at Intel, LSI, Seagate, Veritas, and Sierra Wireless. Skyworks, a leader in RF semiconductor solutions, reported $1.068 billion in revenue for Q1 2025, a 4% quarter-over-quarter increase.

Tower Semiconductor Appoints Rachel Xie as China GM

On February 6, Tower Semiconductor announced Rachel Xie as General Manager of Tower China, effective February 1, 2025. Previously serving as Deputy GM, her promotion comes just six months after taking on that role.

Tower Semiconductor, a leading analog foundry, specializes in RF, high-performance analog, CMOS image sensors, power management, and MEMS. The company saw a 5.6% revenue increase in Q3 2024, reaching $371 million, securing 1% global foundry market share.

Microchip Appoints Former AMD President Victor Peng to Board

On February 4, Microchip Technology announced the appointment of Victor Peng, former President of AMD, to its Board of Directors, effective February 10, 2025.

Peng, who has 40+ years of semiconductor experience, previously led Xilinx as President and CEO before its acquisition by AMD. During his tenure at AMD, he played a key role in Radeon Technologies and product strategy execution.

Littelfuse Names Greg Henderson as CEO Amid Revenue Decline

Littelfuse, a diversified power solutions company, has appointed Greg Henderson as President and CEO, effective February 11, 2025. He succeeds Dave Heinzmann, who is retiring after 40 years at the company.

Henderson, formerly Senior VP at Analog Devices (ADI), takes the helm as Littelfuse faces a 7% year-over-year revenue decline, reporting $2.2 billion in 2024 sales. The company expects Q1 2025 revenue between $520–$550 million.

Industry-Wide Leadership Shifts Signal Strategic Realignments

These executive changes across Arm China, GlobalFoundries, Skyworks, Tower Semiconductor, Microchip, and Littelfuse indicate strategic shifts and renewed growth ambitions. As the semiconductor industry faces market volatility, geopolitical challenges, and technological advancements, leadership transitions will be closely watched for their impact on corporate strategy and market positioning.