RFMD To Sell GaAs Manufacturing Facility To Compound Photonics
The selling of the UK plant, which manufactures gallium arsenide wafers, will save the firm $20 million per year
RF Micro Devices has agreed to sell its GaAs semiconductor manufacturing facility in Newton Aycliffe, in the U.K. to Phoenix-based Compound Photonics.
The facility is Europe's largest GaAs manufacturing facility.
Terms of the transaction were not disclosed.
The transaction and product transition are expected to provide RFMD $20 million in annual cost savings, or $5 million per quarter. RFMD expects to realise the full benefit of savings beginning in the December quarter.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
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Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
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