ALISO VIEJO, Calif., Aug. 11, 2011 (GLOBE NEWSWIRE) -- Microsemi Corporation (Nasdaq:MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it has relocated its corporate headquarters from 2381 Morse Avenue in Irvine, Calif. to One Enterprise Drive in Aliso Viejo, Calif.
The Aliso Viejo office houses corporate, sales, marketing and engineering personnel from the company's previous headquarters location in Irvine, as well as staff from other Southern California Microsemi facilities. The new location also accommodates internal growth in addition to personnel from recent acquisitions.
"Relocating our headquarters is an exciting and important step as Microsemi continues to focus on maximizing our operational efficiency," said James J. Peterson, president and chief executive officer of Microsemi. "It also allows us to build a more synergistic environment for employees and leverage cost savings through the consolidation of company resources."
Microsemi began moving staff into the leased facility on Aug. 8 and plans to house its remaining local employees in Aliso Viejo by the end of the year. The company has approximately 2,700 employees globally.
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.
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"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 the relocation of its corporate headquarters, consolidation of employees and resources, and any potential effect 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.