SHANGHAI, China, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Montage Technology, a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets, today announced that it received the 2014 Award for Best Financially Managed Semiconductor Company achieving up to $500 million in annual sales by the Global Semiconductor Alliance (GSA). Montage was presented with the award on December 11th at the GSA Annual Awards Dinner Celebration.
The GSA Award recognizes semiconductor companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the industry. To determine the winner, the GSA evaluated the financial health and overall performance of public fabless and IDM semiconductor companies and analyzed numerous financial metrics as well as their respective rates of change or year-over-year improvement. Montage was named the best financially managed semiconductor company among its peers based on a number of financial metrics, including but not limited to growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital.
"It is a tremendous honor for all Montage employees to win the GSA Award," said Dr. Howard Yang, Chairman and CEO of Montage. "The award recognizes our distinguished achievement and continued success in delivering innovative technologies and solutions for the cloud computing and home entertainment markets."
"The GSA would like to extend our congratulations to Montage Technology for being recognized as the Best Financially Managed Company under $500 million in annual sales. With a significant number of emerging semiconductor companies achieving exceptional performance throughout the year, it makes this recognition even more noteworthy for the company and its executive team," said Jodi Shelton, co-founder and president of GSA.
The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. For more information on GSA, please visit www.gsaglobal.org.
About Montage Technology
Montage Technology is a global fabless provider of analog and mixed-signal semiconductor solutions currently addressing the home entertainment and cloud computing markets. In the home entertainment market, Montage's technology platform enables the company to design highly integrated end-to-end solutions with customized software for set-top boxes. These solutions optimize signal processing performance under demanding operating conditions typically found in emerging market environments. In the cloud computing market, Montage offers high performance, low power memory interface solutions that enable memory intensive server applications. Its technology platform approach allows Montage to provide integrated solutions that meet the expanding needs of customers through continuous innovation, efficient design and rapid product development. For more information on Montage, please visit www.montage-tech.com.
Mark Voll, CFO
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Source:Montage Technology Group Limited