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Microsemi Buys a Maxim Business

ALISO VIEJO, Calif. — Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it has acquired the telecom clock generation, synchronization, packet timing and synthesis business from Maxim Integrated Products, Inc. (Nasdaq: MXIM). The terms of the transaction were not disclosed.

The acquired product lines and technology are vital to the effective and efficient delivery of time-sensitive voice, data and multimedia traffic over wireless and wired networks, and will further provide Microsemi's customers with the critical synchronization components required to harmonize system and network clocks, as well as the synthesis products required to distribute timing clocks throughout each system.

“This business, acquired from our colleagues at Maxim, is the perfect complement to the highly sought-after synchronization and timing products we obtained in the Zarlink acquisition,” said James J. Peterson, Microsemi president and chief executive officer. “We believe the two pieces fit like a glove and allow us to better serve our customers with the broadest high-end synchronization and timing technology portfolio in the market today. Here at Microsemi, we don't just want to participate in these attractive markets, we want to lead them.”

{complink 3424|Microsemi Corp.}
{complink 3297|Maxim Integrated Products Inc.}

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