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About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented. In 2016, the Company’s net revenues were $6.97 billion. Further information on ST can be found at www.st.com.

Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include, among others, statements concerning the anticipated development and manufacturing of GaN on Silicon wafers, the potential uses for such wafers, potential manufacturing, cost structure and power density benefits of GaN on Silicon, market adoption of GaN on Silicon and the pace of such adoption, opportunities within the RF energy market, and potential RF energy shipments and sales. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.

These forward-looking statements reflect current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or actual activities or results to differ materially from those expressed in any forward-looking statement. Neither MACOM nor ST can nor does guarantee future events, results, actions, levels of sales or other activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including the potential that the parties are unable to timely deliver the quantities of products targeting applications at the right price point due to design challenges, manufacturing bottlenecks, supply shortages, yield issues or otherwise, the potential that the expected rollout fails to occur, occurs more slowly than the parties expect or does not result in the amount or type of anticipated new business, lower than expected demand in the RF market or other end markets or from OEM customers based on seasonal effects, regulatory action or inaction, technology shifts, standards changes, macro-economic weakness or otherwise, the potential for greater than expected pricing pressure and average selling price erosion based on attempts to win or maintain market share, competitive factors, technology shifts or otherwise, the potential inability to ramp GaN on Silicon products into volume production with acceptable manufacturing yields to satisfy customer demand in a timely fashion, the potential for inventory obsolescence and related write-offs, the potential loss of access to any in-licensed intellectual property or inability to license technology on reasonable terms, the impact of any claims of intellectual property infringement or misappropriation, failure to realize the expected economies of scale, lack of adoption or delayed adoption by customers and industries of GaN on Silicon, failures or delays in porting and qualifying GaN on Silicon process technology and achieving anticipated manufacturing economies of scale, lower than expected utilization and absorption in the manufacturing process, lack of success or slower than expected success in developing GaN on Silicon products under the collaboration, loss of key personnel, loss of business due to competitive factors, product or technology obsolescence, customer program shifts or otherwise, the potential for a shift in the mix of products sold in any period toward lower-margin products, the impact of supply shortages or other disruptions in supply chains, the impact of changes in export, environmental or other applicable laws, as well as those factors described in "Risk Factors" in MACOM's filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K for the fiscal year ended September 29, 2017, as filed on November 15, 2017 or in ST’s filings with the SEC, including its Annual Report on Form 20-F for the fiscal year ended December 31, 2016, as filed on March 3, 2017. Neither MACOM nor ST undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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MACOM
Ozzie Billimoria, 978-656-2896
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STMicroelectronics
Michael Markowitz, +1-781-591-0354
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