Sales to ZTE in MACOM’s fiscal second quarter were approximately $1.6 million
Lowell, Massachusetts, April 16, 2018 – MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) (“MACOM”), a leading supplier of high-performance RF, microwave, millimeterwave and lightwave semiconductor products, today commented on recent announcements of a U.S. Department of Commerce export ban to Zhongxing Telecommunications Equipment Corporation, of Shenzhen, China and certain affiliated entities (collectively, “ZTE”).
“Earlier today the US Department of Commerce issued a denial of export privileges against ZTE,” said MACOM’s President and CEO, John Croteau. “During our most recently completed second fiscal quarter, sales to ZTE directly and through distribution channels represented approximately $1.6 million in aggregate and were immaterial to MACOM’s second fiscal quarter revenue as a whole.”
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 lightwave 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.
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MACOM Technology Solutions Holdings, Inc.
Stephen Ferranti, 978-656-2977
Vice President of Investor Relations
Investor Relations Contact:
Leanne K. Sievers, 949-224-3874