A telephonic replay of the conference call will be available at approximately 8:00 p.m. (Eastern Time) May 31, 2018 and will remain available until 8:00 p.m. (Eastern Time) on June 14, 2018.

Under the terms of the merger agreement, Microsemi shareholders received $68.78 per share in cash for each share of Microsemi common stock. All other trademarks mentioned herein are the property of their respective companies.

(NASDAQ: MCHP) – Microchip Technology Inc. (MCHP) is happy to report that it has reached an amicable settlement with plaintiffs James Peterson, Paul Pickle, Rick Goerner and Phil Sansone in the Peterson et al. From the time Microchip announced the acquisition of Microsemi, it has remained enthusiastic about the past, present, and future contributions to Microchip from this profitable and diversified company. The shareholders of Microsemi overwhelmingly approved the merger with 99.5% of the Microsemi shares that voted being in favor of the merger. Microsemi solutions are currently adopted in Tier 1 LTE/LTE-A small cells and have passed timing and synchronization deployment trials at major operators. Libero® SoC Design Suite v12.0 offers high productivity.

Microchip opens Early Access Program for the PolarFire system-on-chip FPGA - New Electronics, Microchip unveils new class of SoC FPGA - New Electronics, Microsemi adds to RISC-V based FPGAs - ElectronicsWeeklyDec 4, 2018RISC-V Takes a Leap Forward - EE Times, June 27, 2018RISC-V: Opening a New Era of Innovation for Embedded Design All About Circuits  June 11, 2018Power, cost, performance, and security demands put mid-range FPGAs on new process roadmap - Embedded Computing DesignMay 7, 2018FPGA-based add-on board brings PCIe to the first Linux-based RISC-V SBCLinuxGizmos.comMay 7, 2018Develop your Linux apps on this RISC-V board – Embedded ComputingMay 7, 2018How FPGA technology is evolving to meet new mid-range system requirements – EmbeddedMay 7, 2018Expansion Board Enhances Popular RISC-V Development Board – Senors Magazine, May 7, 2018RISC-V expansion board for Linux software and firmware developers – EE News Europe May 7, 2018Expansion Board Broadens Capabilities of RISC-V Development Board – Electronics 360 May 7, 2018Modul erweitert Entwicklungskit um Standardschnittstellen - elektroniknet.deMay 7, 2018Erweiterungsboard macht PC auf Basis einer RISC-V-CPU möglich – Elektronikpraxis MAY 7, 2018Microsemi and SiFive Launch HiFive Unleashed Expansion Board, Enabling Linux Software and Firmware Developers to Build RISC-V PCs for the First Time - MicrosemiAPR 19, 2018Microsemi Collaborates with MathWorks to Deliver First Integrated FPGA-in-the-Loop Workflow for PolarFire and SmartFusion2 FPGA Development Boards -MicrosemiAPR 18, 2018Microsemi's PolarFire FPGA Wins China Electronic Market Magazine's Editor's Choice Award for Most Competitive FPGA Product in China - MicrosemiApril 1, 2018Improving Space Systems Designs Using FPGAs with RISC-V Cores – SatMagazineMarch 26, 2018Plugging Security Vulnerabilities in Servers and Data Center Architectures – Embedded Systems EngineeringMarch 1, 2018How mid-range FPGAs lower the cost of high-speed interfaces- Electronic Product, Our friends at OneSpin Solutions talk to Technical Fellow Tim Morin about PolarFire SoC, Open for Business: True Stories of How Far We’ve Come With the RISC-V Ecosystem, Hear from the experts about the growing RISC-V ecosystem.

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Based on currently available information, Microchip anticipates achieving an estimated $300 million in synergies in the third year after close of transaction. As a result of the completion of the transaction, trading in Microsemi common stock on the NASDAQ Stock Market will cease today. "I welcome the Microsemi employees into the Microchip family and look forward to working together to realize the benefits of a combined team pursuing a unified strategy.

Microchip undertakes no obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this May 29, 2018 press release, or to reflect the occurrence of unanticipated events. Microchip will be enforcing a 180-day password aging policy.

These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any economic uncertainty due to monetary policy, political or other issues in the U.S. or internationally, any unexpected fluctuations or weakness in the U.S. and global economies; changes in demand or market acceptance of our products (including Microsemi products) and the products of our customers; foreign currency effects on our business; the mix of inventory we hold and our ability to satisfy short-term orders from our inventory; changes in utilization of our manufacturing capacity and our ability to effectively manage our production levels; competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; the level of sell-through of our products through distribution; changes or fluctuations in customer order patterns and seasonality; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies and benefits of the Microsemi acquisition; the impact of any other significant acquisitions that we may make; our ability to obtain a sufficient supply of wafers from third party wafer foundries and the cost of such wafers, the costs and outcome of any current or future tax audit or any litigation involving intellectual property, customers or other issues; fluctuations in our stock price and trading volume which could impact the number of shares we acquire under our share repurchase program and the timing of such repurchases; disruptions in our business or the businesses of our customers or suppliers due to natural disasters, terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally.

The statements at issue in the lawsuit were not intended to accuse the plaintiffs of committing any fraud or engaging in any other form of misconduct in their management of Microsemi Corporation or their conduct in connection with Microchip’s acquisition of Microsemi. The transaction is expected to be immediately accretive to Microchip’s non-GAAP earnings per share. Microchip, Microsemi and their directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Microsemi in connection with the Merger.

The statements at the heart of the defamation lawsuit were borne out of a difference of opinion over competing business philosophies.

v. Sanghi et al. Additionally, Microsemi IEEE 1588 Grandmasters are deployed in over 200 service provider networks globally. For more information, visit the Microchip website at www.microchip.com. INVESTOR RELATIONS CONTACT:J. Eric Bjornholt – CFO......................................... (480) 792-7804. July 24, 2018 Microsemi PolarFire FPGAs Enable Smallest, Lowest Power DisplayPort Implementations with New IP from Bitec - Microchip July 18, 2018 Microsemi's PolarFire FPGAs Ideal for Portable Design with Latest Release of Libero SoC PolarFire Design Suite - Microchip July 3, 2018 All other trademarks mentioned herein are the property of their respective companies.

The Microsemi acquisition will significantly enhance our product portfolio, end-market diversification, operational capabilities and customer scale.”. Accelerate Smart Embedded Vision designs.

Microchip and Microsemi Combine Resources to Address Needs of Space Community Monday, October 1st, 2018. Reach out to the author: contact and available social following information is listed in the top-right of all news releases. Note: The Microchip name and logo are registered trademarks of Microchip Technology Inc. in the USA and other countries. © 2020 Microsemi, a wholly owned subsidiary of Microchip Technology Inc. All rights reserved.

This call will be simulcast over the Internet at www.microchip.com. Certain statements in this release, including those relating to looking forward to working together to realize the benefits of a combined team pursuing a unified strategy, that the acquisition will significantly enhance our product portfolio, end-market diversification, operational capabilities and customer scale, that the transaction is expected to be immediately accretive to Microchip’s non-GAAP earnings per share and that Microchip anticipates achieving an estimated $300 million in synergies in the third year after close of transaction are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

For a detailed discussion of these and other risk factors, please refer to the SEC filings of Microchip including those on Forms 10-K, 10-Q and 8-K. You can obtain copies of such filings and other relevant documents for free at Microchip's website (www.microchip.com) or the SEC's website (www.sec.gov) or from commercial document retrieval services.

All other trademarks and service marks are the property of their respective owners. Microchip management will host a conference call on Thursday, May 31, 2018 at 1:30 PM PDT (4:30 PM EDT). The terms of the settlement are confidential. CHANDLER, Ariz., May 29, 2018 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (NASDAQ:MCHP), a leading provider of microcontroller, mixed-signal, analog and flash-IP solutions, today announced that Microchip has completed its previously announced acquisition of Microsemi Corporation. “We are very pleased to have completed our acquisition of Microsemi,” said Steve Sanghi, CEO. The webcast will be available for replay until Thursday, June 14, 2018. Our website uses cookies (including profiling cookies of authorised third parties) to give you a better browsing experience, and by continuing to use our site you accept our cookies policy.

Microchip has served the space community for … CHANDLER, Ariz. (PRWEB) About Microchip TechnologyMicrochip Technology Inc.  (NASDAQ:MCHP) is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide.

Microsemi Corporation, a wholly owned subsidiary of Microchip Technology Inc. (Nasdaq: MCHP), offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Industry's lowest power PolarFire FPGA family unveiled. The PolarFire Evaluation Kit offers high-performance evaluation across a broad class of applications.

Microsemi and the Microsemi logo are registered trademarks of Microsemi Corporation. Stockholders are cautioned not to place undue reliance on the forward-looking statements in this press release, which speak only as of the date such statements are made. lawsuit. Even though Microchip made public statements to the effect that the former management of Microsemi had not acted fraudulently or illegally, we understand that the statements defendants made following the acquisition could have been taken by some as casting plaintiffs in a negative light. From the time Microchip announced the acquisition of Microsemi, it has remained enthusiastic about the past, present, and future contributions to Microchip from this profitable and diversified company. The world's first RISC-V SoC FPGA architecture. A quick overview of the RISC-V architecture.

Design Software Libero SoC Design Suite offers high productivity with its comprehensive, easy-to-learn, easy-to-adopt development tools for developing with Microchip FPGAs. Questions about a news article you've read? "I welcome the Microsemi employees into the Microchip family and look forward to working together to realize the benefits of a combined team pursuing a unified strategy. Interested parties may listen to the replay by dialing 719-457-0820 and entering access code 6166675.

March 29, 2020.

Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC. Information regarding the special interests of these directors and executive officers in the transaction will be included

IMPORTANT PLEASE READ - Notification Starting 8-30-2020, we will be introducing a new security policy on our customer portal. Polarfire FPGA-based solution enables lowest-power, smallest-form-factor 4k video and imaging applications.

Microchip is happy to put the lawsuit behind it and wishes Plaintiffs all the best in their future endeavors. Many readers will already be aware that Microchip Technology Inc. acquired Microsemi Corporation in May 2018.

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