TriQuint takes a stake in IBM's SiGe business
TriQuint will initially pay IBM $22 million with subsequent adjustments that depend on business volumes. The company hopes that the deal will bring in between $12 million to $15 million over the next 12 months.
As part of the deal, TriQuint will design, develop, market and sell the components while IBM will continue to manufacture them.
"This acquisition provides TriQuint with another key piece of the RF front end which will further help us in developing fully integrated modules for wireless phones," said Steven Sharp, chairman, president and CEO of TriQuint. "In addition, the relationship with IBM gives us access to a leading foundry for devices based on silicon germanium."
Michel Mayer, general manager of IBM s microelectronics division, adds that IBM now plans to refocus its microelectronics business on high-end foundry, ASICs and power PC-based standard products.
"Customers will continue to have access to these components, now as part of a larger family of TriQuint wireless products, while still benefiting from advanced IBM manufacturing technologies like silicon germanium," he said.
