RF Micro Devices Inc., a designer and manufacturer of radio frequency solutions, and TriQuint Semiconductor Inc., a solutions supplier and technology innovator, announce a merger agreement under which the companies will combine in an all-stock transaction. To reflect the nature of this transaction as a merger of equals, the new company will have a new name and shared leadership team.
This transaction combines complementary product portfolios, featuring power amplifiers, power management integrated circuits, antenna control solutions, switch-based products, and premium filters. It will also strengthen the combined company’s service to the infrastructure and defense/aerospace industries and enable advanced gallium nitride solutions for additional markets and applications.
“The world’s demand for mobile data is growing exponentially,” says RFMD CEO and President Bob Bruggeworth. “The combination of TriQuint and RFMD creates a new leader in RF solutions with expertise in mobile devices and complex infrastructure and global defense applications. With this merger of equals, we will bring under one roof all of the critical RF building blocks necessary to innovate at the heart of what makes mobile mobile – the crucial back-and-forth data flow between the mobile device and the network. We will harness this innovation for the benefit of all our customers – from mobile to infrastructure to defense.”
“I believe this is an industry shaping event,” says TriQuint CEO Ralph Quinsey. “Through this combination of RFMD and TriQuint we form a diversified market leader with a highly compatible combination of products and technologies and a world class team focused on innovation and superior financial results. The alignment of culture between the two companies and the well matched products, capabilities and technologies will create compelling new opportunities.”
Release Date: February 24, 2014
Source: RF Micro Devices