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Semicoa lines up major expansion to up capacity

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CIOL Bureau
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COSTA MESA: In a bid to up capacity to meet demand California based Semicoa Corp is lining up a major expansion plan. The company proposes to expand capabilities in it product lines, increase employee strength and production capacity.

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Semicoa, present in the scene since 1968, is a known name in the small signal high reliability transistor arena and has its focus high-reliability military, aerospace and commercial markets.

The company which had changed hands when its previous owners sold it off to analog chip maker Microsemi Corp in 2008, is in fact eyeing a comeback into the scene in a major way through the expansion plan. Microsemi had bought the assets of Semicoa for $25 million.

Following the purchase deal by Microsemi, the US Justice Department had during last year filed an antitrust lawsuit against the analog chip maker over its acquisition of Semicoa.

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The charge against Microsemi was that it, though the acquisition, created a monopoly for small signal transistors that meet the most stringent standards of the Department of Defense and are used in military and space programs deemed essential to US security. It added that the transaction had led to increase in prices for these products.

The Justice Department was seeking a court order requiring Microsemi to sell the Semicoa assets, said a report in this regard. Following this, Microsemi had to sell the assets of Semicoa to get civil action against it settled.

Semicoa, which once again became independent and then go funding from private equity firm Vance Street Capital, is now looking at the expansion with much enthusiasm. It plans to add to its existing product offerings in the semiconductor marketplace.

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