SCOTTSDALE, Ariz., April 16, 2014 /PRNewswire/ -- Taking the helm at Microchip Technology at a time when the company was faced with a challenging business environment, now-President and CEO Steve Sanghi grew, shaped and led the company to become a sector giant in the lucrative market for microcontrollers and analog semiconductors. For its second annual Entrepreneur Global Thought Leader Lecture, TiE Arizona today announced that Sanghi will share his thoughts and perspectives with attendees about entrepreneurship in a global economy. At the inaugural event in 2013, former CEO and Chairman of Intel, Dr. Craig Barrett spoke to a room filled with C-level executives, entrepreneurs, industry thought leaders and students.

"As the world continues its progression toward a knowledge economy, technology is going to play a more dominant role in Arizona's economy," said Sanghi. "In order to build a lasting business in this environment, entrepreneurs must focus on creating a strong culture that encourages innovation as the foundation of their organizations, while forming strategic alliances with others for mutual gain and competitive advantage. I look forward to providing the attendees of TiE's annual thought-leader lecture with practical insights that they can employ in building a world-class company that will thrive in the knowledge economy."

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Sanghi has been widely recognized for his leadership, vision and ability to create a culture of innovation and effective organizational performance. He was named the President of Microchip in August 1990, Chief Executive Officer in October 1991 and the Chairman of the Board of Directors in October 1993. Sanghi provides an insightful account of his company's story and culture in his book, "Driving Excellence: How the Aggregate System Turned Microchip Technology from a Failing Company to a Market Leader (Wiley)."

"High praise is due to Steve for creating a values-based culture at Microchip that has produced such remarkable growth," said TiE President Robert Wallace, EVP of Venture Services, Tallwave. "This event presents a rare opportunity for our members and the entrepreneurial community at large to hear his insight on real-world solutions gained from his hard-earned experience.  We're honored to have him as our special guest."

About TiE Arizona:
For Arizona entrepreneurs seeking a consistently meaningful source for education, mentorship, and networking, TiE Arizona offers a global network of large and small business owners, inspiring mentors and influential connections from a wide spectrum of industries. With a historic understanding of the Arizona entrepreneurial landscape that stems from its beginnings in 2000, TiE Arizona has a unique perspective and ability to connect and engage the state's entrepreneurial community in support of their quest to learn and grow. TiE Arizona educates, transforms, inspires and offers invaluable resources in the form of global and local relationships, educational events and development programs designed for business growth. Learn more at http://www.tieaz.org/.

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SOURCE TiE Arizona