Sirenza acquires 12 percent stake in GCS

Sirenza Microdevices Inc. has acquired 12 percent stake in semiconductor wafer foundry service provider Global Communication Semiconductors Inc. The deal is said to be worth $7.5 million. GCS specializes in InGaP and InP HBT technologies for applications such as, mobile wireless networks and fiber-optic networks.

"This investment emphasizes our strategic relationship with GCS and reinforces GCS's role as a source of advanced technology for Sirenza," said Robert Van Buskirk, president and CEO of Sirenza. "The investment also supports our fabless operating model, and we believe that it will strengthen our supply chain and help us maintain our price/performance leadership across a broad spectrum of products for both wireless and broadband wireline markets," he added.