Telecoms ♦ news digest
WIN Beats Sumitomo Electric as Largest Asia-Pacific GaAs Supplier
Strategy Analytics anticipates that with continuing GaAs industry growth, WIN Semiconductors will become the largest GaAs foundry in the world by the end of 2010.
Driven by an industry tendency toward increased outsourcing of foundry business, WIN Semiconductors has vaulted into the fifth spot in the Strategy Analytics GaAs vendor revenue rankings.
WIN Semiconductor’s growth makes them the largest GaAs vendor in the region, surpassing Sumitomo Electric’s Eudyna Devices group. Also, this report highlights the effect of so many large Japanese electronics companies which merged or re-structured during 2009.
“A notable development in this region is the growth of pure-play foundry WIN Semiconductors,” noted Eric Higham, Director of the Strategy Analytics GaAs and Compound Semiconductor Service. “Growth in GaAs demand and a trend to more foundry outsourcing by suppliers has enabled them to double their GaAs revenues in the past two years. With continuing GaAs industry growth, we expect WIN Semiconductors to become the largest GaAs foundry in the world by the end of 2010.”
The report provides strategic comments, representative products and selected news items for a comprehensive set of GaAs vendors in the Asia-Pacific and European regions. It also identifies the top ten global vendors in terms of GaAs device market share. Strategy Analytics estimates that four of the top ten GaAs vendors, led by WIN Semiconductors in the fifth spot, are located in the Asia-Pacific region.
As previously reported, the market value for GaAs revenues, driven by smartphones and consumer adoption of data-intensive applications, has grown strongly from the lows it struggled for in early 2009 according to Strategy Analytics.
The recently published Strategy Analytics GaAs and Compound Semiconductors (GaAs) report, “GaAs Device Vendor Market Share 2009: Asia-Pacific
and Europe,” reports that this growth brought the total market value for GaAs revenues to little more than $4 billion, a slight increase over 2008 revenue levels.
Strategy Analytics provides timely and actionable market intelligence focused on opportunities and disruptive forces in the areas of Automotive Electronics and Entertainment, Broadband Connected Home, Mobile & Wireless Intelligent Systems and Virtual Worlds.
Finisar Announces Public Offering of 3.6 Million Shares Common Stock
The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.
Finisar Corporation, a provider of subsystems and components for fiber optic communications, has agreed to sell 3,600,000 shares of its common stock in an underwritten public offering.
The underwriter will have an option to purchase up to an additional 540,000 shares solely to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital. A portion of the net proceeds may be used for the repurchase and/or repayment of certain of the Company’s outstanding indebtedness, which may include a portion of its outstanding convertible notes. The Company may also use a portion of the net proceeds to acquire or invest in complementary businesses, products or technologies, although it has no present agreements or commitments with respect to any such acquisitions or investments.
Credit Suisse Securities (USA) LLC is serving as sole underwriter for the offering. The offering will be made pursuant to an effective automatic shelf registration statement. A prospectus supplement relating to the offering will be filed with the SEC, and, once filed, the prospectus supplement and accompanying base prospectus will be available on the SEC’s website,
www.sec.gov. Copies of the prospectus supplement and base prospectus may also be obtained from:
January / February 2011
www.compoundsemiconductor.net 87
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