A federal court on Monday ordered Microsemi Corp to preserve and maintain semiconductor assets acquired from Semicoa Inc. before a ruling on the acquisition.
The U.S. Justice Department filed an antitrust lawsuit last Thursday alleging that Microsemi's July 2008 purchase of Semicoa assets had reduced competition in markets for semiconductors used in military and space programs.
The Justice Department on Monday sought a temporary restraining order barring Microsemi from destroying, disposing of or ceasing operations of Semicoa assets before the lawsuit is decided.
"Destruction of the Semicoa equipment, or its sale, other than to a firm that would use those assets to compete effectively against Microsemi, would permanently prevent this court from exercising its authority to restore competition," the Justice Department said in support of its request for preliminary relief.
The Justice Department's lawsuit asks the court to require Irvine, Calif.-based Microsemi to undo its purchase of the assets of Costa Mesa-based Semicoa.
In a statement last week responding to the lawsuit, Microsemi said: "The revenues generated by the Semicoa assets from the sales of the products covered in the complaint were approximately $8.3 million. Microsemi's 2008 fiscal year revenues were $514.1 million."
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