Comtrend Corporation wishes to inform its customers of the following event. On September 20th, 2022 we were notified about the decision by ON Semiconductor Corporation (Onsemi) to close down the Quantenna business division within their company. The full details are available at the following link:

https://www.marketscreener.com/quote/stock/ON-SEMICONDUCTOR-CORPORAT-10340/news/ON-SEMICONDUCTOR-CORP-Material-Impairments-form-8-K-41810622/

Although Comtrend was surprised by such a significant negative business decision on the part of Onsemi, we have immediately started to investigate all related aspects and evaluate the potential impact to Comtrend products and our customers. At this early stage, we would like to ensure our valued customers that all previously placed orders remain valid and scheduled deliveries are not impacted. Also, our teams are at present evaluating the short and medium term impact, and devising viable solutions that will be communicated via our dedicated support teams in the coming weeks.

Should you have any immediate concerns, please contact your local Comtrend representative.