News Article
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.
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.
