Microsemi acquires semiconductor firm Semicoa for $25 million

16 July 2008

Mumbai: Microsemi Corporation, a leading manufacturer of high performance analog mixed signal integrated circuits and high reliability semiconductors, has acquired substantially all of the assets of semiconductor firm Semicoa for about $25 million in cash.

Semicoa is a leader in the design, development and manufacture of semiconductors and smart munitions optoelectronics for the high reliability military, commercial aerospace and satellite markets, and is a leading competitor in the small signal high reliability transistor markets.

''Not only is the acquisition accretive, but it also offers considerable long term synergies as we consolidate Semicoa's current operations", said James J. Peterson, president and chief executive of Microsemi Corporation.

Semicoa has, in recent years, been rapidly expanding capacity to meet strong end market demand and expects to consolidate its front-end and back-end equipment and operations into its Lawrence and Ireland facilities, thus increasing capacity while benefiting from our operational advantages."

Microsemi Corporation, with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits and high reliability semiconductors. 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.

Microsemi Corporation last year acquired Israel-based chipmaker PowerDsine Ltd. for $245 million, in a move to add `power-over-Ethernet' technology to its portfolio.