MACOM Completes Sale of Mindspeed Wireless Infrastructure Business Unit to Intel

MACOM Completes Sale of Mindspeed Wireless Infrastructure Business Unit to
Intel

LOWELL, Mass., Feb. 24, 2014 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions
Holdings, Inc. (Nasdaq:MTSI) (MACOM), a leading supplier of high performance
analog, RF, microwave and millimeter wave products, today announced that its
subsidiary Mindspeed Technologies, Inc. has completed a previously announced
sale of assets of its wireless infrastructure business unit to Intel
Corporation. The transaction price was not disclosed.

"As outlined in the announcement of our definitive agreement to acquire
Mindspeed on November 5th, Mindspeed's divestment of assets of its wireless
infrastructure business unit has been successfully completed," said John
Croteau, President and Chief Executive Officer. "This successful strategic
divestiture allows MACOM to remain focused on our customers and core
competencies within the high performance analog, RF, microwave and millimeter
wave markets."

About MACOM

M/A-COM Technology Solutions Holdings, Inc. (www.macomtech.com) is a leading
supplier of high performance analog RF, microwave, and millimeter wave
products that enable next-generation Internet and modern battlefield
applications. Recognized for its broad catalog portfolio of technologies and
products, MACOM serves diverse markets, including high speed optical,
satellite, radar, wired & wireless networks, CATV, automotive, industrial,
medical, and mobile devices. A pillar of the semiconductor industry, we thrive
on more than 60 years of solving our customers' most complex problems, serving
as a true partner for applications ranging from RF to Light.

Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001
international quality standard and ISO14001 environmental management standard.
MACOM has design centers and sales offices throughout North America, Europe,
Asia and Australia.

MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF &
Microwave, Partners from RF to Light, The First Name in Microwave and related
logos are trademarks of MACOM. All other trademarks are the property of their
respective owners.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements based on MACOM
management's beliefs and assumptions and on information currently available to
our management. Forward-looking statements include, among others, statements
concerning the Mindspeed wireless asset sale and MACOM's continuing to remain
focused on our customers and core competencies within the high performance
analog and RF and microwave markets

Forward-looking statements contained in this press release reflect MACOM's
current views about future events and are subject to risks, uncertainties,
assumptions and changes in circumstances that may cause those events or our
actual activities or results to differ materially from those expressed in any
forward-looking statement. Although MACOM believes that the expectations
reflected in the forward-looking statements are reasonable, it cannot and does
not guarantee future events, results, actions, levels of activity, performance
or achievements, including the ultimate success of the Mindspeed wireless
asset sale or successful execution of any other plans described in this press
release. Readers are cautioned not to place undue reliance on these
forward-looking statements. A number of important factors could cause actual
results to differ materially from those indicated by the forward-looking
statements, including, among others, indemnification claims, litigation or
other costs or disputes associated with the Mindspeed wireless asset sale,
related restructuring activities, failure to achieve anticipated benefits of
the transaction, and other factors described in "Risk Factors" in MACOM's
filings with the Securities and Exchange Commission (SEC), including its
Quarterly Report on Form 10-Q for the fiscal quarter ended January 3, 2014 as
filed with the SEC on February 12, 2014. MACOM undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.

CONTACT: Company Contact:
         M/A-COM Technology Solutions Holdings, Inc.
         Jessen Wehrwein
         Director, Corporate Communications
         P: 978-656-2853
         E : jessen.wehrwein@macomtech.com
        
         Investor Relations Contact:
         Shelton Group
         Leanne K. Sievers
         EVP, Investor Relations
         P: 949-224-3874
         E: lsievers@sheltongroup.com

company logo
 
Press spacebar to pause and continue. Press esc to stop.