ALISO VIEJO, Calif., Dec. 12, 2016 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it won the Analyst Favorite Semiconductor Company Award presented by Needham & Company at the Global Semiconductor Alliance (GSA) Awards Dinner Celebration event. The annual awards program recognizes companies that have demonstrated excellence through their vision, strategy, execution and future opportunity. Microsemi was specifically recognized for its impressive growth and successful transformation of its business over the past several years.
"The Microsemi team is honored to be recognized for this prestigious award, as we have worked diligently to transform Microsemi into an industry-leading semiconductor powerhouse," said James J. Peterson, chairman and CEO of Microsemi. "This distinguished honor is a tribute to our entire company's commitment to excellence as we continue to build upon the industry's broadest product portfolio and develop unique solutions that solve our customers' toughest challenges while delivering strong financial results to our shareholders."
Nominees for GSA's 2016 Analyst Favorite Semiconductor Company Award were selected by Quinn Bolton, an analyst with Needham & Company, LLC. Microsemi was then chosen as the favorite semiconductor company based on historical, as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance.
"GSA is thrilled to honor Microsemi with the 2016 Favorite Analyst Semiconductor Company Award," said Jodi Shelton, president of GSA. "This award reflects the company's high level of performance as well as its ongoing innovation in the competitive semiconductor market, and we congratulate Microsemi on this exciting recognition."
Microsemi and other award winners were announced on Dec. 8, 2016 during the GSA Awards Dinner ceremony at the Santa Clara Convention Center in Santa Clara, California.
The Global Semiconductor Alliance (GSA) mission is to support the global semiconductor industry and its partners by offering a comprehensive view of the industry. This enables members to better anticipate market opportunities and industry trends, preparing them for technology and business shifts. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration through efficient power networking for global semiconductor leaders and their partners, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org.
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.
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 it being the recipient of the Analyst Favorite Company Award from the Global Semiconductor Alliance (GSA) for 2016, 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 in implementing the company's acquisitions and divestitures strategy or integrating acquired companies, uncertainty as to the future profitability of acquired businesses and realization of accretion from acquisition transactions, 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