Date: 29/10/2009

Microsemi to close manufacturing facility in Scottsdale, Arizona

Microsemi has announced that its manufacturing facility in Scottsdale, Arizona will be closed by April 2011.

Microsemi says it expects after the consolidation activities are completed in 18 months, annual savings benefiting operating income will range from $20 million to $25 million. The gross margin impact related to these savings would have equated to 400 to 500 basis points when applied to fiscal year 2009 consensus revenue estimates.

"Microsemi is committed to optimizing its business model and cost structure as we increase the scope of our existing business, expand into new markets and grow both organically and via acquisition," said James J. Peterson, Microsemi President and Chief Executive Officer. "As Microsemi extends its leadership in a range of global markets, we will also remain diligent in ensuring that we continue to provide the highest level of service to our customers while we protect and enhance both our near- and long-term profitability."