US chipmaker Microsemi has agreed to sell non-strategic parts of a board level systems and packaging business to local software and services company Mercury Systems for US$300m in cash. Proceeds from the transaction, along with an incremental US$100m from available cash, will go towards reducing Microsemi’s debt to EBITDA ratio ahead of schedule. US chipmaker Microsemi (NASDAQ:MSCC) has agreed to sell non-strategic […]