TriQuint to acquire Infineon's GaAs business
For TriQuint, this partnership provides access to Infineon s technologies and system solution platform, and will strengthen its European presence. TriQuint will not acquire the manufacturing operations, but rather enter into an interim supply agreement with Infineon while the process is being transferred to TriQuint s Oregon fab. Infineon s GaAs business will report to TriQuint s Wireless Modules and Worldwide Sales business unit. Jointly, both companies will benefit through this cooperation by concentrating resources to provide more cost effective, higher integrated, higher performance front-end RF solutions for future wireless phones and devices.
The merger is the second of its kind in recent months, with Alpha and Conexant announcing the merger of their wireless businesses in December 2001 (see Alpha and Conexant in wireless merger).
"This transfer of our GaAs products and capabilities in combination with our cooperation roadmap positions us as the leading player in the radio solution technology, a key component for future mobile wireless devices" said Ulrich Hamann, CEO of Wireless Solutions Business Group at Infineon Technologies.
Steven Sharp, Chairman, President and CEO of TriQuint, stated "This partnership with Infineon gives TriQuint access to Infineon s broad product technology, its customers, a strong European presence, approximately 80 highly skilled employees, and access to the Infineon wireless systems house architecture for future wireless phones. We believe that this is the beginning of a highly successful cooperation with an outstanding partner."
Ray Link
Tel: +1 503-615-9435
E-mail: rlink@tqs.com
Web site: http://www.tqs.com
