About MACOM
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield.
MACOM is the partner of choice to the world’s leading communications infrastructure, aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency and field reliability, through its best-in-class team and broad portfolio of analog RF, microwave, millimeterwave and photonic semiconductor products.
MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.
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, and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners. For more information about MACOM, please visit www.macom.com follow @MACOMtweets on Twitter, join MACOM on LinkedIn, or visit the MACOM YouTube Channel.
Special Note Regarding Forward-Looking Statements
This press release and our commentary in our conference call held today each contain 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, information concerning our stated business outlook and future results of operations, our expectations to ramp up volume GaN base station production programs beginning in the first half of fiscal year 2017, our expectations that our aerospace and defense business unit can deliver twice the growth rate of our target business model next quarter and through fiscal 2017, any statements concerning our expectations for our optical business or the expected outcome of our ongoing litigation against Infineon and any other statements regarding future trends, business strategies, competitive position, industry conditions, acquisitions and market opportunities. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
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. 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 the potential that the expected
rollout of 5G network upgrades, fiber-to-the-home network technology or
other new optical or other network technology deployments in China,
Japan and other geographies fails to occur, occurs more slowly than we
expect or does not result in the amount or type of new business we
anticipate, lower than expected demand in the optical network
infrastructure market or any or all of our primary end markets or from
Huawei or any or all of our large OEM customers based on seasonal
effects, regulatory action or inaction, macro-economic weakness or
otherwise, the potential for greater than expected pricing pressure and
average selling price erosion based on attempts to win or maintain
market share, competitive factors, technology shifts or otherwise, the
potential for inventory obsolescence and related write-offs, the
expense, business disruption or other impact of any current or future
investigations, administrative actions, litigation or enforcement
proceedings we may be involved in, the potential loss of access to any
in-licensed intellectual property or inability to license technology we
may require on reasonable terms, the impact of any claims of
intellectual property infringement or misappropriation, which could
require us to pay substantial damages for infringement, expend
significant resources in prosecuting or defending such matters or
developing non-infringing technology, incur material liability for
royalty or license payments, or prevent us from selling certain of our
products, greater than expected dilutive effect on earnings of our
equity issuances, outstanding indebtedness and related interest expense
and other costs, our failure to realize the expected economies of scale,
lowered production cost and other anticipated benefits of our previously
announced GaN intellectual property licensing program, the potential for
defense spending cuts, program delays, cancellations or sequestration,
failures or delays by any customer in winning business or to make
purchases from us in support of such business, lack of adoption or
delayed adoption by customers and industries we serve of Active
Antennas, SPAR tiles, GaN, InP lasers or other solutions offered by us,
failures or delays in porting and qualifying GaN or InP process
technology to our fabrication facilities or third party facilities and
achieving anticipated manufacturing economies of scale, lower than
expected utilization and absorption in our manufacturing facilities,
lack of success or slower than expected success in our new product
development or new product introduction efforts, loss of key personnel
to competitors or otherwise, failure of any announced transaction to
close in accordance with its terms, failure to successfully integrate
acquired companies, technologies or products or realize synergies
associated with acquisitions, the potential that we will experience
difficulties in managing the personnel and operations associated with
our acquisitions, loss of business due to competitive factors, product
or technology obsolescence, customer program shifts or otherwise, the
potential for a shift in the mix of products sold in any period toward
lower-margin products or a shift in the geographical mix of our
revenues, the impact of any executed or abandoned acquisition,
divestiture, joint venture, financing or restructuring activity, the
impact of supply shortages or other disruptions in our internal or
outsourced supply chain, the impact of changes in export, environmental
or other laws applicable to us, the relative success of our cost-savings
initiatives, as well as those 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
April 1, 2016, as filed with the SEC on April 27, 2016 and its Annual
Report on Form 10-K for the fiscal year ended October 2, 2015 as filed
with the SEC on November 24, 2015. MACOM undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.