Microsemi Sells 2 More Units in Streamlining Bid
Microsemi Corp. said Thursday that it has sold two subsidiaries as part of its three-year-long effort to shed 10 subsidiaries not related to its core business of making computer chips for electronics equipment.
The Santa Ana company, which so far has written off $20.5 million during the restructuring, said it sold Micro-CeramX in Escondido and Bikor in Torrance to private parties. The company would not disclose sales prices or other details. Micro-CeramX makes ceramic components that store electricity and Bikor manufactures power supplies.
The only company remaining to be sold is Omni Technology in Fremont, which tests and screens high-technology parts for the space industry.
Microsemi’s stock closed Thursday at $3.50 a share, up 31.25 cents a share from Wednesday’s close on the NASDAQ market.