MACOM Accepts Shares of AppliedMicro Tendered into Exchange Offer; To Announce First Quarter Fiscal Year 2017 Financial Results on January 31, 2017

LOWELL, Mass.--(BUSINESS WIRE)--MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (“MACOM”), a leading supplier of high-performance RF, microwave, millimeterwave, and lightwave semiconductor products, today announced that it has accepted for exchange all 64,466,896 shares of the common stock of Applied Micro Circuits Corporation (NASDAQ: AMCC) (“AppliedMicro”) validly tendered into the previously announced exchange offer by a wholly owned subsidiary of MACOM to acquire all of the outstanding shares of AppliedMicro for the agreed consideration of $3.25 in cash and 0.1089 shares of MACOM common stock for each share of AppliedMicro common stock. The shares accepted represent approximately 73.6% of AppliedMicro’s outstanding shares of common stock.