Microsemi Corporation Announces Impact from Thailand Flood

ALISO VIEJO, Calif., Oct. 11, 2011 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced one of its subcontracted manufacturing facilities located in the Rojana Industrial Park in Ayutthaya, Thailand, has suspended operations due to damage sustained from the region's recent flooding. The industrial park is without power and officials have ordered an evacuation of the area.

(Logo:  http://photos.prnewswire.com/prnh/20110909/MM66070LOGO)

"The entire Microsemi family sends our sympathy to those affected by the significant flooding throughout Thailand," said James J. Peterson, Microsemi's president and chief executive officer. "As we assess the impact of our operations in the region, we will continue to focus on the safety of our team and the community. We are working on a recovery plan to identify solutions that ensure our customers' needs are met in an appropriate fashion, and are evaluating a variety of options including shifting production to other facilities."

The Rojana Industrial Park facility, located 67 kilometers (42 miles) north of Bangkok, manufactures a small percentage of the company's parts for commercial and industrial end markets. Initial reports indicate the facility has sustained water damage as a result of the flooding, impacting operations stemming from damage to test equipment, as well as product slated for delivery in Microsemi's first fiscal quarter ending January 1. The company will remain focused on restoring operations to full production levels as quickly as conditions permit.

Microsemi expects to address any financial impact of the flood on its upcoming earnings release call scheduled for Nov. 10, 2011 at 1:45 p.m. Pacific Time.  

About Microsemi

Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor solutions for: aerospace, defense and security; enterprise and communications; and industrial and alternative energy markets. Products include high-performance, high-reliability analog and RF devices, mixed-signal and RF integrated circuits, customizable SoCs, FPGAs, and complete subsystems. Microsemi is headquartered in Aliso Viejo, Calif., and has more than 2,700 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 suspending operations at one of its subcontracted manufacturing facilities in Ayutthaya, Thailand, 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.

SOURCE Microsemi Corporation

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