Analog Devices Inc., a developer of semiconductors for signal processing applications, will pay approximately $2 billion for Hittite Microwave Corp., a designer and manufacturer of high performance circuits, modules, subsystems, and instrumentation for RF, microwave, and millimeter wave applications. Hittite designs and develops applications including cellular, optical, and satellite communications, as well as medical and scientific imaging, industrial instrumentation, aerospace, and defense electronics.

“Hittite’s strength in RF, microwave, and millimeter wave technology complements ADI’s RF and signal conversion expertise,” says Vincent Roche, ADI President and CEO. “Our combined capabilities will enable us to bring more complete solutions to our customers and address more of the industrial, communications infrastructure, and automotive markets.”

Rick D. Hess, President and Chief Executive Officer of Hittite, says, “We are delighted to join forces with ADI, a premier company that shares Hittite’s passion for solving complex challenges for customers. I look forward to joining Analog Devices and I am confident our combined efforts will accelerate the course of innovation throughout cellular and microwave communications infrastructure, automotive, industrial instrumentation, aerospace, and defense.”

Analog Devices is headquartered in Norwood, Mass.

Release Date: June 9, 2014
Source: Analog Devices