Alpha and Omega Semiconductor Issues Statement Regarding Silicon Valley Bank

Rhea-AI Summary

Alpha and Omega Semiconductor Limited (AOSL) has announced that it does not have any cash deposits or securities held at Silicon Valley Bank. This disclosure comes amid concerns regarding the financial stability of the bank, which has faced recent scrutiny. AOSL emphasizes its focus on developing power semiconductors and integrating advanced technology into its high-performance management solutions, targeting applications in various sectors including computing, consumer electronics, and industrial controls. The company continues to maintain a strong position in the semiconductor market.

Positive

• No cash deposits or securities at Silicon Valley Bank, reducing exposure to potential risk.

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• None.

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Alpha and Omega Semiconductor Limited ("AOS") (Nasdaq: AOSL) today announced that it does not hold cash deposits or securities at Silicon Valley Bank.

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, IPM, TVS, HVIC, GaN/SiC, Power IC and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us 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’ portfolio of products targets high-volume applications, including portable computers, graphic cards, flat-panel TVs, home appliances, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers, and telecommunications equipment. For more information, please visit www.aosmd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230310005445/en/

Yujia Zhai, CPA

The Blueshirt Group

Yujia@blueshirtgroup.com

+1 (860) 214-0809

Source: Alpha and Omega Semiconductor Limited

FAQ

What has Alpha and Omega Semiconductor announced regarding Silicon Valley Bank?

AOSL announced that it does not hold any cash deposits or securities at Silicon Valley Bank.

How does AOSL's announcement impact its investors?

AOSL's lack of exposure to Silicon Valley Bank reduces potential financial risks for its investors.

What are the main business focuses of Alpha and Omega Semiconductor?

AOSL focuses on designing and developing power semiconductors for various applications, including consumer electronics and industrial controls.