SUNNYVALE, Calif., Sept. 05, 2017 (GLOBE NEWSWIRE) -- Alpha and Omega Semiconductor Limited (NASDAQ:AOSL), a designer, developer
and global supplier of a broad portfolio of power semiconductors (“AOS”), announced today that it has entered into a license
agreement with STMicroelectronics that would enable AOS to expand into new markets for advanced low-voltage power IC products with
multiple functionalities, primarily for applications in computer servers. The agreement allows AOS to develop, market and
distribute products based on a specific digital multiphase controller technology developed and currently used by
STMicroelectronics, and AOS will continue to improve and enhance the performance and capabilities of these products by combining
its own power IC expertise with the licensed technologies under the agreement.
“We are excited by the new opportunities presented to AOS by this license agreement,” said Mike Chang, the chief executive
officer of AOS. “STMicroelectronics has made significant progress to develop multiphase controller technology to achieve optimal
performance, programmability and ease-of-use, and we are pleased to be able to build on this progress and to provide existing and
future customers with enhanced services and offerings. Furthermore, this license agreement demonstrates our commitment to
execute our strategies to diversify our product offerings, particularly our focus to expand power IC products to new markets.
By adding a low-voltage multiphase controller product line to our power IC and MOSFET products, AOS can offer a complete solution
to customers in the burgeoning server market.”
Forward Looking Statements
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and
projections of future performance based on management's judgment, beliefs, current trends, and anticipated product
performance. These forward looking statements include, but are not limited to, the benefits of the license agreement with
STMicroelectronics and our ability to expand power IC products to new markets. Forward-looking statements involve risks and
uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.
These factors include, but are not limited to, the decline of the PC industry and our ability to respond to such decline, our
ability to introduce or develop new and enhanced products that achieve market acceptance, the actual product performance in volume
production, the quality and reliability of our product, our ability to achieve design wins, the general business and economic
conditions, the state of semiconductor industry and seasonality of our markets, our ability to maintain factory utilization at a
desirable level, our ability to successfully operate our joint venture in China, and other risks as described in our SEC filings,
including our Annual Report on Form 10-K for the fiscal year ended June 30, 2017 to be filed by AOS. Other unknown or
unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward
looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You
should not place undue reliance on these forward-looking statements. All information provided in this press release is as of
today's date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable
law.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer and global supplier of a broad range of power
semiconductors, including a wide portfolio of Power MOSFET, IGBT and Power IC products. AOS has developed extensive
intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which
enables it to introduce innovative products to address the increasingly complex power requirements of advanced electronics.
AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced
packaging know-how to develop high performance power management solutions. AOS's portfolio of products targets high-volume
applications, including portable computers, flat panel TVs, LED lighting, smart phones, battery packs, consumer and industrial
motor controls and power supplies for TVs, computers, servers and telecommunications equipment. For more information, please
visit http://www.aosmd.com. For investor relations, please contact So-Yeon Jeong at investors@aosmd.com.
CONTACT: Alpha and Omega Semiconductor Limited Investor Relations So-Yeon Jeong 408-789-3172 investors@aosmd.com
