ALISO VIEJO, Calif. and
CENTENNIAL, Colo., June 1, 2016 /PRNewswire/ -- Microsemi
Corporation (Nasdaq: MSCC), a leading provider of semiconductor
solutions differentiated by power, security, reliability and
performance, today announced a narrowing of its channel that will
position Arrow Electronics, Inc. (NYSE:ARW) as its lead global
distributor. Arrow will support Microsemi's leadership position in
the aerospace and defense, communications, data center and
industrial markets.
"Microsemi is excited to expand this relationship and take
advantage of Arrow's global sales footprint, as well as its
technical, marketing and logistical expertise," said Rick Goerner, executive vice president of
corporate marketing and worldwide sales for Microsemi. "Arrow is
uniquely positioned to accelerate Microsemi's growth in our target
markets and we value our deep ties as we embark on this exciting
next phase."
Arrow has distributed Microsemi products for more than 40 years.
Microsemi has a comprehensive portfolio than includes field
programmable gate arrays (FPGAs) and system-on-chips (SoCs),
Ethernet PHYs, PCIe switches and controllers, advanced storage
solutions, Power-over-Ethernet (PoE) and high-reliability discrete
and timing solutions.
"Arrow is excited to strengthen our collaboration with
Microsemi," said Andy King,
president of Arrow's global components business. "The Microsemi
portfolio aligns perfectly with Arrow's go-to-market
strategy—allowing us to bring end-to-end solutions in components
and digital technologies to customers around the world. I'm looking
forward to seeing the growth and innovation our game-changing
collaboration will produce."
To learn more about the full Microsemi product portfolio
available through Arrow, visit
https://www.arrow.com/en/products/manufacturers/m/microsemi.
About Microsemi
Microsemi Corporation (Nasdaq: MSCC)
offers a comprehensive portfolio of semiconductor and system
solutions for aerospace & defense, communications, data center
and industrial markets. Products include high-performance and
radiation-hardened analog mixed-signal integrated circuits, FPGAs,
SoCs and ASICs; power management products; timing and
synchronization devices and precise time solutions, setting the
world's standard for time; voice processing devices; RF solutions;
discrete components; enterprise storage and communication
solutions, security technologies and scalable anti-tamper products;
Ethernet solutions; Power-over-Ethernet ICs and midspans; as well
as custom design capabilities and services. Microsemi is
headquartered in Aliso Viejo,
California and has approximately 4,800 employees globally.
Learn more at www.microsemi.com.
About Arrow Electronics
Arrow Electronics is a global
provider of products, services and solutions to industrial and
commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
100,000 original equipment manufacturers, contract manufacturers
and commercial customers through a global network of more than 460
locations serving over 85 countries.
Microsemi and the Microsemi logo are registered trademarks or
service marks of Microsemi Corporation and/or its affiliates.
Third-party trademarks and service marks mentioned herein are the
property of their respective owners.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Any statements set forth in this news release
that are not entirely historical and factual in nature, including
without limitation statements related to a narrowing of its channel
that will position Arrow Electronics, Inc. (NYSE:ARW) as its lead
global distributor, and its potential effects on future business,
are forward-looking statements. These forward-looking statements
are based on our current expectations and are inherently subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements.
The potential risks and uncertainties include, but are not limited
to, such factors as rapidly changing technology and product
obsolescence, potential cost increases, variations in customer
order preferences, weakness or competitive pricing environment of
the marketplace, uncertain demand for and acceptance of the
company's products, adverse circumstances in any of our end
markets, results of in-process or planned development or marketing
and promotional campaigns, difficulties foreseeing future demand,
potential non-realization of expected orders or non-realization of
backlog, product returns, product liability, and other potential
unexpected business and economic conditions or adverse changes in
current or expected industry conditions, difficulties and costs of
protecting patents and other proprietary rights, inventory
obsolescence and difficulties regarding customer qualification of
products. In addition to these factors and any other factors
mentioned elsewhere in this news release, the reader should refer
as well to the factors, uncertainties or risks identified in the
company's most recent Form 10-K and all subsequent Form 10-Q
reports filed by Microsemi with the SEC. Additional risk factors
may be identified from time to time in Microsemi's future filings.
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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SOURCE Microsemi Corporation