News in brief: Sirenza, Kyma, WJ and Jazz
Sirenza Microdevices, a fabless designer and supplier of RF components for communications equipment manufacturers, has reported revenues of $10.4 million for the quarter ended September 28, 2003. This compares favorably with revenues of $9.1 million in the previous quarter and $5.2 million in the year-ago period.
The company also reported a third-quarter net loss of $1.5 million, or $0.04 per share, including various charges associated with the Vari-L acquisition and consolidation of the combined company s headquarters and manufacturing operations in Broomfield, Colorado.
Sirenza also announced a multi-year award from Textron Systems to produce advanced signal-source products for use in one of the premier US weapon systems, the Sensor Fused Weapon (SFW).
The total potential value of the multi-year award to Sirenza is anticipated to be $1.5-2.0 million. Specifics relating to the exact quantity and identity of the components involved were withheld due to the classified nature of the program.
Kyma completes equipment line of credit
GaN substrate manufacturer Kyma Technologies has completed a $1.4 million equipment line of credit with GE Technology Finance. Kyma will apply the credit facility towards equipment purchases and the expansion of its manufacturing capacity.
Kyma Technologies recently completed its Series B funding and continues to expand and refine its manufacturing and production capabilities.
“This equipment line will allow Kyma to move rapidly from R&D to production of our gallium nitride substrates,” said Ed Pupa, Kyma’s CEO.
WJ continues transition to RF semiconductors
WJ Communications, a designer and supplier of high-performance RF semiconductors and multi-chip modules, has announced revenues of $6.9 million for the third quarter of 2003, a sequential increase of 26%.
Revenue from the company s semiconductors increased 63% from the immediately preceding quarter to $5.2 million.
Revenues for the third quarter of 2002 were $9.3 million and included $4.8 million in revenues from legacy businesses that have either been sold or are being exited as the company continues its transition to becoming a pure-play RF semiconductor company.
Jazz signs up Chinese foundry as second source
Jazz Semiconductor has signed up Shanghai-based foundry Hua Hong NEC as a second source for its 0.25 and 0.18 micron CMOS and SiGe BiCMOS processes.
The foundry is a joint venture between NEC and Shanghai Hua Hong Group, and Jazz plans to buy an 11% stake in the Chinese company.
Last year, Jazz signed Shanghai-based ASMC as a licensee and second source for its 0.35 micron SiGe process.
