Product category:
Communications ICs (Wireless)
News Release from: RF Micro Devices
Edited by the Electronicstalk Editorial
Team on 24 December 2007
Acquisition includes UK-based GaAs fab
Addition of Filtronic Compound Semiconductors' high-volume GaAs fab will significantly reduce RF Micro Devices' GaAs pHEMT sourcing costs and provide additional capacity.
RF Micro Devices is set to acquire Filtronic Compound Semiconductors, a wholly owned subsidiary of Filtronic, for an acquisition price of approximately GBP 12.5 million in cash The acquisition price includes the purchase of Filtronic Compound Semiconductors' 6in GaAs wafer fab at Newton Aycliffe, UK, which is currently a major supplier of GaAs pHEMT semiconductors to RFMD
This article was originally published on Electronicstalk on 25 Apr 2003 at 8.00am (UK)
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The acquisition price also includes the purchase of Filtronic Compound Semiconductors' millimetre-wave RF semiconductor business.
RFMD expects the addition of Filtronic Compound Semiconductors' high-volume GaAs fab to significantly reduce its GaAs pHEMT sourcing costs and provide additional capacity, thereby providing RFMD the opportunity to capture incremental revenue that otherwise might be subject to capacity constraints during calendar year 2008.
Additionally, RFMD expects the addition of Filtronic Compound Semiconductors' millimetre-wave business to strengthen the product portfolio of RFMD's recently formed Multi-Market Products Group and be accretive to RFMD's target margin profile for its multi-market business.
Bob Bruggeworth, President and Chief Executive Officer of RFMD, says: "The acquisition of Filtronic Compound Semiconductors is expected to increase our manufacturing volume, lower our overall cost structure and provide RFMD with a high-volume supply of GaAs pHEMT, all of which support our aggressive growth expectations for cellular front ends".
"In addition, we anticipate that Filtronic Compound Semiconductors' strong millimetre-wave business will add profitable, high-margin revenue to our Multi-Market Products Group and enable RFMD to further diversify into new growth markets that leverage our global leadership in RF".
RFMD expects to complete the acquisition before the end of its fourth fiscal quarter, ending in March 2008, subject to customary closing conditions.
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