MACOM TECHNOLOGY SOLUTIONS HLD. overview

MACOM Technology Solutions Holdings, Inc. (“MACOM” or the “Company”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced that it has entered into separate, privately negotiated exchange and subscription agreements with a limited number of holders of its 0.25% convertible senior notes due 2026 (the “Existing Convertible Notes”) in each case pursuant to exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”)....

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced that it has entered into a definitive agreement to acquire the radio frequency (“RF”) business (the “RF Business”) of Wolfspeed, Inc. (“Wolfspeed”). The RF Business includes a portfolio of Gallium Nitride (“GaN”) on Silicon Carbide (“SiC”) products used in high performance RF and microwave applications. The business services a broad customer...

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal third quarter ended June 30, 2023. Third Quarter Fiscal Year 2023 GAAP Results Revenue was $148.5 million, a decrease of 13.8%, compared to $172.3 million in the previous year fiscal third quarter and a decrease of 12.3% compared to $169.4 million in the prior fiscal quarter; Gross margin was 58.0%, compared to 60.7% in the...

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced that it has utilized approximately $121 million of its $588 million of available cash and short-term investments as of June 30, 2023 to pay off the remaining balance of its outstanding term loans. The term loans have a maturity date of May 2024. “In this current high interest rate environment, we believe it is prudent to retire this floating-rate debt obligation...

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced the appointment of Wayne Struble as Senior Vice President, Advanced Semiconductor Technology, effective immediately. Mr. Struble has served as a MACOM Distinguished Fellow of Technology since joining MACOM in 2010. Mr. Struble is an expert in Radio Frequency (“RF”), microwave and millimeter wave integrated circuit (“IC”) design, semiconductor device...

MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI) plans to announce financial results for its third quarter fiscal year 2023 ended June 30, 2023, before market open on Thursday, August 3, 2023. In conjunction with the release, MACOM will conduct a conference call at 8:30 a.m. Eastern Time on Thursday, August 3, 2023, hosted by Mr. Stephen G. Daly, President and Chief Executive Officer, and Mr. John F. Kober, Senior Vice President and Chief Financial Officer. Please visit...

MACOM Technology Solutions Inc. (“MACOM”), a leading supplier of semiconductor products, today announced that it has been awarded a contract from the United States Air Force Research Laboratory (“AFRL”) to develop advanced semiconductor process technology related to Gallium Nitride-on-Silicon Carbide (“GaN-on-SiC”). Under the contract, MACOM will conduct research and development on GaN-on-SiC semiconductor process technologies used in millimeter-wave Monolithic Microwave Integrated...

MACOM Technology Solutions Inc. (“MACOM” or the “Company”), a leading supplier of semiconductor products, today announced that Dr. Terry Nisbet will join MACOM’s newly established Technical Advisory Committee (“TAC”). MACOM’s TAC members will act in an independent advisory capacity to MACOM, supporting growth strategies, technical roadmaps and expanding the Company’s network. “I am pleased to welcome Terry to our TAC,” said Stephen G. Daly, MACOM’s President and Chief...