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News Breaks
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October 28, 2009
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| 08:35 EDT |  | MSCC |
| theflyonthewall.com: | Microsemi to close plant, expects annual savings $20M-$25M | | Microsemi Corporation announced consolidation plans that will result in the closure of its manufacturing facility in Scottsdale, Arizona by April 2011. The company said that the action is part of its ongoing program to reduce inventory levels and improve its overall cost structure and business model as it grows in both new and existing markets. Microsemi expects that after the consolidation activities are completed in 18 months, annual savings benefiting operating income will range from $20M to $25M. 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. :theflyonthewall.com |
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February 7, 2012
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| 07:03 EDT | | MSCC |
| theflyonthewall.com: | Microsemi joins high-temperature sensors consortium | | Microsemi announced its participation in a multi-disciplinary consortium tasked with developing innovative CMOS-compatible, high-temperature sensors that help reduce carbon emissions and drive energy consumption savings. The European Union's Seventh Framework Programme is funding the majority of the SOI-HITS project, which is slated for completion by the end of August 2014. :theflyonthewall.com |
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