June 10, 2009 (FinancialWire) — Microsemi Corp. (NASDAQ: MSCC) has executed an asset purchase agreement with Nexsem, Inc., a small privately held semiconductor designer and marketer based in Orange County, CA.

Nexsem is a growing designer and marketer of high voltage DC to DC conversion devices targeted at the traditionally fast growing commercial markets such as the: LCD-TV, Set Top Box, Notebook and Netbook, and other high-volume commercial applications.

“In Nexsem we have found an excellent complement to our existing power management offerings,” stated James J. Peterson, president and chief executive officer of Microsemi Corp.. “Focusing on higher power 5 to 40 watt applications, Nexsem’s impressive technology nicely supplements our industry-leading low power product offering, while increasing our total dollar content per application in several high-growth markets. Not only is this strategic for our Analog Mixed Signal product offering, but it demonstrates our continued focus on a balanced growth model at Microsemi; one which augments the steady nature of our High-Reliability markets with the traditionally high growth opportunities found in the commercial marketplace.”

Microsemi will further discuss this acquisition and provide general business updates during its third quarter results conference call in July 2009.

Microsemi Corp., 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.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.