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."
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.