Microsemi Acquires VT Silicon
GLOBE NEWSWIRE
September 28, 2010
Innovative Front-End Module Technology Complements Current Offering,
Demonstrates Commitment to RF Leadership
Irvine, CA - Microsemi Corporation, a leading manufacturer of high
performance analog mixed signal integrated circuits, high reliability
semiconductors, and radio frequency (RF) subsystems, today announced
that it has acquired all of the assets of VT Silicon. |
VT Silicon, located in Atlanta, GA, designs and
manufactures multi-band radio frequency integrated circuit (RFIC)
solutions for the mobile wireless broadband market. VT Silicon's
products leverage linearization and efficiency-enhancement technologies
to enable highly efficient, low-cost and small-footprint intelligent
Front-End RFIC solutions.
"We are pleased to extend our industry leading RF product offering to
next generation WLAN and WiMax markets with the acquisition of VT
Silicon," said James J. Peterson, President and Chief Executive Officer
of Microsemi Corporation. "As the first supplier in the world to develop
a monolithic front end RFIC in Silicon Germanium (SiGe), VT's technology
caliber is designed to enable Microsemi to deliver innovative,
highly-integrated front-end modules to our customers. The acquisition of
VT Silicon extends Microsemi's technology leadership in the RF business
and reflects our continuing commitment to this important market."
According to a recent report published by Strategy Analytics, the
worldwide installed base of consumer wireless devices will exceed 2.6
billion by 2014. This high volume global growth market, which
necessitates technology differentiation, typifies the kind of commercial
business Microsemi targets for leadership. Microsemi's balanced business
model blends high-volume commercial market opportunities with the growth
and content opportunities of its Aerospace, Defense and Security end
markets. Microsemi intends to discuss this acquisition during its fiscal
year-end earnings conference call to be scheduled in November.
About Microsemi Corporation
Microsemi Corporation, with corporate headquarters
in Irvine, California, is a leading designer, manufacturer and marketer
of high performance analog and mixed-signal integrated circuits, high
reliability semiconductors and RF subsystems. The company's
semiconductors manage and control or regulate power, protect against
transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components
as well as integrated circuit solutions that enhance customer designs by
improving performance and reliability, battery optimization, reducing
size or protecting circuits. The principal markets the company serves
include implanted medical, defense/aerospace and satellite, notebook
computers, monitors and LCD TVs, automotive and mobile connectivity
applications. More information may be obtained by contacting the company
directly or by visiting its website at http://www.microsemi.com.
The Microsemi Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1233
This release contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about future
events, and these statements are subject to factors and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. The reader is cautioned not
to put undue reliance on these forward-looking statements, which are not
a guarantee of future performance and are subject to a number of
uncertainties and other factors, many of which are outside the control
of Microsemi. The forward-looking statements in this release address a
variety of subjects, including the potential benefits of the acquisition
of VT Silicon and the anticipated high rate of growth in the mobile
wireless broadband market. The following factors, among others, could
cause actual results to differ materially from those described in these
forward-looking statements: the risk that VT Silicon's business will not
be successfully integrated with Microsemi's business and product suite;
the risk that VT Silicon's products will not successfully extend
Microsemi's offerings into next generation WLAN and WiMax markets; costs
associated with the acquisition; failure to achieve expected gross
margins and operational and other cost synergies; negative or worsening
worldwide economic conditions or market instability; unfavorable
conditions in end markets; potential non-realization of expected orders
or non-realization of backlog; and difficulties in closing or disposing
of operations or assets or transferring work from one plant to another.
The forward- looking statements included in this release speak only as
of the date hereof, and Microsemi does not undertake any obligation to
update these forward-looking statements to reflect subsequent events or
circumstances.
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