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RF Electronics ♦ news digest


portfolio, supporting all key operating frequencies with architectural flexibility to address a variety of high growth applications. Specifically, via this transaction, Skyworks immediately expands its addressable content opportunity within several strategic product areas including smart phones, tablets, gaming consoles, notebook PCs and home automation systems.


“Skyworks’ acquisition of SiGe Semiconductor underscores our commitment to capitalize on ubiquitous wireless connectivity,” said David J. Aldrich, president and chief executive officer of Skyworks. “To that end, this acquisition is highly complementary in terms of our addressed markets, sales channels, process technologies, design methodologies and baseband partnerships. At the same time, the SiGe business presents significant operational and cost synergies yielding immediate earnings accretion and long-term shareholder value creation.”


“Skyworks clearly represents the best strategic and cultural fit for SiGe Semiconductor,” said Sohail Khan, president and chief executive officer of SiGe Semiconductor. “Both companies have a long history of front-end innovation and a shared vision of the future of band-intensive wireless networking. Together, we can develop and deliver products of unprecedented integration and improve our customers’ performance in the increasingly connected wireless world.”


Skyworks will pay $210 million in cash, plus an additional $65 million if certain performance targets are met over the next 12 months. The transaction has been approved by Skyworks’ and SiGe’s boards of directors and is anticipated to close in June, subject to customary closing conditions, including the receipt of domestic and foreign regulatory approvals. Excluding any non-recurring acquisition related charges and amortization of acquired intangibles, Skyworks expects the acquisition to be immediately accretive to non- GAAP earnings and will finalise estimates of the transaction’s financial impact, as well as the accounting for the transaction, upon deal close.


SiGe Semiconductor’s diverse and comprehensive product portfolio provides the performance, range and reliability required by 802.11b/g/a/n, Bluetooth, WiMAX, GPS and ZigBee Systems. The company’s innovative use of silicon-based semiconductor


technologies simplifies the integration of RF signal processing for many of today’s leading consumer, commercial and industrial electronics companies. Key SiGe customers include Cisco, Dell, Huawei, Hewlett-Packard, NetGear, Itron, Microsoft, Nintendo, Samsung and Sony.


M/A-COM to vigorously defend GigOptix lawsuit


The lawsuit alleges breach of contract and trade secret misappropriation allegations against M/A- COM Tech, its subsidiary Optomai, and five Optomai employees who previously worked at GigOptix.


M/A-COM Technology Solutions (M/A-COM Tech), a supplier of semiconductor solutions for RF, microwave, and millimetre wave applications, will vigorously defend a lawsuit filed by GigOptix.


The lawsuit, filed on April 26 in Santa Clara County Superior Court, requests unspecified damages and injunctive relief based on as-yet unsubstantiated breach of contract and trade secret misappropriation allegations against M/A-COM Tech, its recently-acquired subsidiary Optomai, and five Optomai employees who previously worked at GigOptix.


M/A-COM Tech is still reviewing the GigOptix complaint, but is aware of no wrongdoing on the part of M/A-COM Tech, Optomai or any of their employees in this regard, and accordingly believes that the GigOptix allegations are without merit.


“M/A-COM Tech has been pleased at the positive reaction optical networking customers have had to the Optomai acquisition, and remains committed to delivering M/A-COM Tech’s full portfolio of 40/100G modulator drivers and transimpedance amplifiers to its customers,” said Jihye Whang, Director of Strategic Marketing. “We anticipate a just resolution of this matter through the legal process.”


No injunction has been issued by the court hearing the case to date, nor is one expected to be issued. The Optomai product line remains available for sampling and production.


October 2011 www.compoundsemiconductor.net 129


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