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RFMD and TriQuint merger to pip Skyworks at the post

The combination will increase defence market opportunities for the joint firm
The Strategy Analytics Advanced Defence Systems (ADS) service report, "TriQuint-RFMD Merger Solidifies Semiconductor Market Share Lead in Defense Sector," provides analysis on this deal and outlines the market share that the new company will command.

On February 24th, RFMD and TriQuint announced a definitive merger agreement under which the companies will combine in an all-stock transaction.

Designed to be a merger of equals, the new company (NewCo) will have a new name and shared leadership team.

Both companies have an extensive portfolio of capabilities in the areas of advanced semiconductor process technologies such as GaAs and GaN.

The combination will collate these complementary capabilities and enable the new company to successfully pursue defence market opportunities.

"In the area of Defence, TriQuint has been a leading supplier of semiconductor technologies, for example, military radar systems used on fast-jets including the F-15, F-22 and F-35. The company also holds US DoD Trusted Source accreditation," notes Eric Higham, North American Director for ADS. "RFMD has ongoing activity in the aerospace and defence sectors with products targeting radar, communications and electronic warfare applications."

"The combined infrastructure and defense unit can achieve potential revenues of around $500 million. Strategy Analytics' own estimates indicate that the new company's defence revenues will account for up to 25 percent of this unit revenue," notes Asif Anwar, Director of the ADS service.

He adds, "As a GaAs and GaN semiconductor technologies supplier, we believe TriQuint holds the number one position in the defence space, and the combined TriQuint-RFMD entity will cement this position extending a lead over contemporaries in this area such as Cree, Hittite and MACOM Technologies."



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