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RFMD buys Filtronic
RF Micro Devices (RFMD), a provider of radio frequency systems and solutions will acquire Filtronic Compound Semiconductors, a wholly owned subsidiary of Filtronic PLC, for an acquisition price of approximately 12.5 million pounds in cash. The acquisition price includes the purchase of Filtronic Compound Semiconductors' six-inch GaAs wafer fabrication facility ("fab") at Newton Aycliffe, United Kingdom, which is currently a major supplier of GaAs pHEMT semiconductors to RFMD. The acquisition price also includes the purchase of Filtronic Compound Semiconductors' millimeter wave RF semiconductor business. RFMD expects to complete the acquisition before the end of its fourth fiscal quarter, ending in March 2008.
Source: www.channel-e.biz
Public date: 24.12.2007
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