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Anadigics acquires Fairchild Semiconductor's RF assets Sep 1, 2007 12:00 PM
Warren, NJ-based RF semiconductor supplier Anadigics has acquired Fairchild Semiconductor's RF design team, located in Tyngsboro, Mass., for $2.3 million. The acquisition, which includes the hiring of 23 experienced RF engineers, will further accelerate Anadigics design and development of RF active semiconductor devices for the 3G cellular, Wi-Fi and WiMAX markets. “Highly specialized RF talent is rare in the semiconductor industry and is a differentiating factor in our fast-growing markets,” said Bami Bastani, president & CEO of Anadigics. “The establishment of the Massachusetts design center not only fulfills our 2008 resource requirements, but consolidates the industry and provides Anadigics with a knowledgeable RF team, which will accelerate new revenue growth opportunities for 3G wireless, Wi-Fi and WiMAX product lines.” “While this transaction will increase our anticipated R&D expenses for the fourth quarter of 2007, customer demand forecasts and fourth quarter momentum for our products remain robust, which is expected to partially offset the incremental expenses,” said Tom Shields, executive vice president and CFO of Anadigics. “Additionally, for fiscal year 2008, our business model had planned comparable R&D expenses and does not need to be further adjusted for this acquisition.” Anadigics will provide business and technical transitional support services to assist Fairchild as it exits the RF business. For more information, visit www.anadigics.com.
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