MACOM to acquire the RF biz of Wolfspeed
Date: 29/08/2023
RF semiconductor vendor MACOM to acquire the RF business of Wolfspeed for US$ 125 Million. The product line include GaN on SiC products for RF and microwave used in aerospace, defense, industrial and telecommunications applications. Wolfspeed generated annual revenues of approximately $150 million from this product segment.
“We are excited to acquire Wolfspeed’s RF Business and look forward to welcoming its employees to MACOM,” stated Stephen G. Daly, President and Chief Executive Officer, MACOM. “The RF team’s engineering capabilities, technology and products are a perfect fit with MACOM and our strategy.”
The acquisition includes a 100mm GaN wafer fabrication facility in Research Triangle Park, North Carolina (the “RTP Fab”) with operations conveying to MACOM approximately two years following the closing and Wolfspeed’s relocation of certain production equipment. The acquisition also includes design teams and associated product development assets in Arizona, California and North Carolina, as well as back-end production capabilities in California and Malaysia. In addition, MACOM will be assigned or licensed a robust intellectual property portfolio including over 1,400 patents associated with the RF Business.
Wolfspeed's workforce of approximately 280 employees is expected to join MACOM at closing, with additional employees joining when the RTP Fab conveys.
News Source: MACOM
