RF Micro buys Triquint

RF Micro Devices is taking over TriQuint Semiconductor in an all-stock merger.

RFMD Bob Bruggeworth becomes CEO with Triquint CEO Ralph Quinsey becoming non-executive chairman.

The combined company should have revenues of over $2 billion.

The takeover combines complementary products: power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters.

$150 million of ‘cost savings’ over two years have been identified.

The deal values Triquint at $9.23 per share or a total of $1.67 billion.

Related Tech News

Share your knowledge - Leave a comment