Microsemi Renews Student Development Initiatives In Ireland

Microsemi Corporation (NASDAQ:MSCC) continues to support engineering excellence at the University of Limerick, Ennis, Ireland. It recently renewed its current 50,000 euros scholarship program. The company also unveiled the "Microsemi Women in Engineering" scholarship award and announced its first recipient.

Details of the Programs

The 50,000 euros scholarship program was launched back in 2012. Under this program, a first-year engineering student of the University receives 3,000 euros per academic year or 12000 euros in total.

The company also declared an annual cash price to a student for each of the four academic years from 2012/13 to 2015/16.

Under the renewed program beginning Dec 2016, four new engineering students will receive this cash price each December for four years. Selection will be based on the scores in the Leaving Certificate.

Under the new "Microsemi Women in Engineering" scholarship program, the best performing female student graduating with a Bachelor of Engineering in Design and Manufacture, Bachelor of Engineering in Electronic and Computer Engineering or Bachelor of Engineering in Mechanical Engineering, will receive a one-time 2,000 euros award.

This year, Eimear O'Sullivan graduating with a Bachelor of Engineering in Electronic and Computer Engineering degree, with a First Class Honours will receive this award in late August.

A Reflection of Responsibility

The initiatives underscore Microsemi’s continuous commitment toward development of students and its strengthening bond with the University of Limerick. The two organizations have worked together for long, offering real world education and training to engineering students to prepare them for in-demand technology careers.

It seems that the company is taking yet another step ahead with its corporate social responsibility initiatives by developing these unique scholarship programs for the University.

Microsemi is one of the largest employers in the Ennis area and continues to hire engineers and other technical professionals from Ireland.

Zacks Rank

Currently Microsemi shares carry a Zacks Rank #3 (Hold). Some better-ranked stocks in the wider technology sector include Inphi Corporation (NYSE:IPHI) , Datawatch Corporation (NASDAQ:DWCH) and DST Systems Inc. (NYSE:DST) , each carrying a Zacks Rank #2 (Buy).