Product category:
Communications ICs (Wired)
News Release from: Agere Systems
Edited by the Electronicstalk Editorial
Team on 06 January 2004
Acquisition to aid single-chip Gigabit
Ethernet
Agere Systems has acquired TeraBlaze, a privately held developer of Gigabit Ethernet switching solutions based in Cupertino, California.
Agere Systems has acquired TeraBlaze, a privately held developer of Gigabit Ethernet switching solutions based in Cupertino, California With this acquisition, Agere expects to deliver high-density switching solutions to serve the fast-growing Gigabit Ethernet (GbE) market
This article was originally published on Electronicstalk on 8 Mar 2007 at 8.00am (UK)
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TeraBlaze's industry-leading switch-on-a-chip technology will enable Agere to provide single-chip GbE solutions to equipment providers addressing SOHO (small office, home office) and enterprise applications.
Agere acquired the Silicon Valley company in a stock transaction for approximately 6.92 million shares of Agere Class A common stock, valued at about $21 million based on the closing price of $3.05 for an Agere Class A common stock on 31st December 2003.
Excluding the impact of approximately $12-14 million for in-process R and D charges, the acquisition is expected to have a minimal impact on earnings of less than $0.005 per share for the full fiscal year 2004 that will be offset by cost reductions already underway.
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In August 2003, Agere acquired Massana, a privately held provider of GbE physical layer device (PHY) solutions.
Based on the TruePHY technology Agere developed through this acquisition, the company is also announcing the availability of its Gigabit Ethernet single port device, the 0.13-micron ET1011, the lowest-power PHY in the industry.
With today's acquisition, Agere will combine TeraBlaze's technology with its TruePHY family of GbE products and deliver highly integrated PHY and switch solutions.
"The acquisition of TeraBlaze advances our strategy to take share in the fast-growing Gigabit Ethernet market", said Sohail A Khan, Executive Vice President of Agere's Infrastructure Systems Group.
"TeraBlaze together with TruePHY technology is a very powerful combination, which gives us early mover advantage in bringing integrated GbE switch and PHY solutions to this market".
Market research firm Dell'Oro Group estimates that the Gigabit Ethernet switch market, into which Agere will sell the new single chip switching solutions, will total approximately $12 billion in 2004.
IDC estimates that the Gigabit Ethernet switch ASIC/ASSP market will see revenue greater than $500 million in 2004, and more than $850 million in 2007.
Agere is capitalising on this market opportunity with competitive PHY and switch-on-a-chip solutions for client and enterprise networking equipment manufacturers.
"The surge in Gigabit Ethernet-over-copper PHY shipments in the client device market will drive a rapid deployment of Gigabit Ethernet switches in 2004 and 2005", said Ed Roberts, Vice President and General Manager of Agere's Ethernet Division.
"We now have the core technology to deliver a broad family of PHY and switch solutions that scale from SOHO all the way to 48-port enterprise applications.
Our architecture and integration capabilities will enable system manufacturers to offer the most competitive price per port GbE products in the market".
Agere expects to deliver switch solutions bundled with multiport TruePHY products in the second half of 2004.
All 16 TeraBlaze employees will join Agere, including TeraBlaze founder and CEO Shankar Mukherjee.
"The TeraBlaze design team jumped several important hurdles to develop very high-density switching solutions with integrated memory, enhanced network security and an integrated stacking bus", said Mukherjee.
"I'm delighted that these solutions will now benefit from all the market and business advantages that come from being a part of one of the world's foremost communications semiconductor companies".
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