| Type | Public |
|---|---|
| Traded as | NASDAQ: MSCC |
| Industry | Semiconductor Mixed-Signal Integrated Circuits Discrete Semiconductors RF Components |
| Founded | 1960 |
| Headquarters | Aliso Viejo, California, USA |
| Key people | Dennis R. Leibel, Chairman James J. Peterson, President, CEO, Director |
| Revenue | $518.268 million USD (2010)[1] |
| Operating income | $57.99 million USD (2010) |
| Net income | $59.038 million USD (2010) |
| Employees | 3,000 (2011) |
| Website | www.microsemi.com |
Microsemi Corporation is a manufacturer of qualified high reliability defense, security, aerospace, enterprise, communications, alternative energy, and industrial products for power-related applications. Major products offered by Microsemi are high-performance, high-reliability analog devices, mixed-signal and RF integrated circuits, customizable system-on-chips (cSoC), FPGAs, and complete subsystems. It has been based in Aliso Viejo, California since 2011, when it moved from Irvine.[2]
Contents |
Since Microsemi was incorporated in 1960, the company has experienced a history of steady growth and profitable operations. With an ever-increasing suite of product offerings and expansion strategies executed over several decades, Microsemi has also successfully integrated several acquisitions. These include:
In October 2011 Microsemi acquired Zarlink Semiconductor [1]
In July 2011 Microsemi acquired ASIC Advantage Inc. [2]
In June 2011 Microsemi acquired Brijot Imaging Systems Inc. [3]
In May 2011 Microsemi acquired AML Communications Inc. [4]
In November 2010 Microsemi acquired Actel Corporation[3]
In September 2010, the Company acquired VT Silicon and Arxan Defense systems, Inc.[4]
In April 2010, the Company acquired White Electronic Designs Corp.[4]
In April 2009, the Company acquired the Space Level Power Products business of Spectrum Microwave, Inc., a wholly owned subsidiary of Spectrum Control, Inc.[4]
FY 2009, Microsemi acquired Electro Module, Inc. and its wholly owned subsidiary, Babcock, Inc.[4]
FY 2009, Microsemi acquires Endwave Corporation and Nexsem, Inc.[4]
California, Arizona, Massachusetts, Oregon, Florida, Ireland, and Shanghai.
Boeing
Boston Scientific
Cisco Systems
Dell
GE
Honeywell
HP
L-3 Communications
LG
Lockheed
Medtronic
Raytheon
Seagate
Sony
Samsung
St. Jude Medical
Information about some Microsemi customers can be found at http://www.microsemi.com/aboutus.asp.
Controversy
In 2009 Barry Minkow, co-founder of the Fraud Discovery Institute, published a report claiming that James Peterson, Microsemi's President and CEO, had not obtained a Bachelor's Degree or Masters of Business Administration as he had listed on the Microsemi website and in regulatory filings and a US government security clearance application.
Peterson responded with a public statement saying he "categorically" denied the reports. He suggested the background check may have mistakenly been made with the name "James J. Patterson," instead of his own." "I have every reason to expect that Brigham Young will investigate this allegation shortly and officially confirm my degrees," Peterson stated.
The next day, the registrar of Brigham Young advised that they had double-checked and had no records of Peterson ever having obtained any degrees.
An independent inquiry was made on behalf of the board by the law firm Munger, Tolles & Olson, which confirmed that in fact Peterson had not earned either degree. As a penalty for misrepresenting his academic credentials, Peterson paid Microsemi a fine and forgoed his 2008 bonus.
http://www.sequenceinc.com/fraudfiles/2008/12/james-peterson-lie-microsemi/