Product category:
Communications ICs (Wireless)
News Release from: Silicon Laboratories
Edited by the Electronicstalk Editorial
Team on 13 February 2007
NXP to purchase RF technologies
Silicon Laboratories has reached a definitive agreement for NXP to purchase its Aero transceiver, AeroFone single-chip phone and power amplifier product lines.
Silicon Laboratories has reached a definitive agreement for NXP to purchase its Aero transceiver, AeroFone single-chip phone and power amplifier product lines, for US $285 million in cash, with additional earn-out potential of up to an aggregate of $65 million over the next three years "This transaction transfers a one of a kind business in the mobile handset market to NXP, a company with the necessary scale and resources to effectively compete long-term", stated Necip Sayiner, President and Chief Executive Officer of Silicon Labs
This article was originally published on Electronicstalk on 25 Oct 2005 at 8.00am (UK)
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"By placing the business in the hands of those best able to capitalise on it, our stockholders are realising a premium for the RF technology leadership we have created".
"Strategically, this will enable us to focus on the most profitable and highest growth segment of our business, our core mixed-signal products".
"With this transaction, Silicon Labs is transformed into a focused mixed-signal semiconductor company with major product initiatives in broadcast, VoIP, wireline and microcontroller applications".
"These businesses enjoy higher margins, exciting growth potential and more sustainable competitive advantages for the company".
"We believe this transaction will allow us to achieve our target operating model more quickly and provide a platform for acquisitions that are aligned with our core mixed-signal strategy".
"Silicon Labs has established leadership in RF CMOS technology and was the first-to-market with an innovative, truly single-chip phone", stated Frans van Houten, President and Chief Executive Officer of NXP.
"I am very pleased to bring onboard Silicon Labs' highly competent engineering team and its excellent RF and cellular technologies".
"This innovative technology, combined with NXP's strengths in system solutions for 2G and 3G phones, will allow NXP to further strengthen our position in global mobile communications".
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