Monday, September 21, 2009

SEMICOA Ramps Hiring After Revival

Costa Mesa-based Semicoa is looking to staff up, after the firm's revival last month, the firm said today. The firm--which was spun out of Microsemi on August 24th after gaining an investment from private equity firm Vance Street Capital--announced today that it has hired on 30 new employees since last month and is now looking to expand further. The firm did not say how many people it was looking to hire, but said it increasing its production capacity to re-enter the high reliability component market. The firm had all but disappeared after an acquisition in July of 2008 by competitor Microsemi, but was spun back out in August under pressure by the U.S. Department of Justice. Semicoa develops transistors and other semiconductors which are used for the military, commercial aerospace and satellite markets.