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RFMD buys remaining stake in Silicon Wave

Posted: 27 Apr 2004 ?? ?Print Version ?Bookmark and Share

Keywords:rf micro devices? rfmd? cdma handset? bluetooth ic?

RF Micro Devices Inc. (RFMD) announced early Thursday (April 22, 2004) that is buying all remaining shares in Bluetooth IC developer Silicon Wave for approximately $10.8 million.

While Silicon Wave spent most of its early years trying to promote Bluetooth technology on its own, the San Diego, Calif.-based company spent the past year working with RF Micro Devices on the development and promotion of Bluetooth system-on-a-chip solutions. The SiW1722 transceiver is the most recent codeveloped offering from the two companies. This Bluetooth 1.2 transceiver is optimized for CDMA handset designs, includes all matching onboard, and delivers an up to -85dBm receiver sensitivity.

Once the deal is completed, RFMD will incorporate Silicon Wave's technology into its wireless connectivity business unit. This business unit was one of three formed in a realignment strategy RFMD announced earlier last week. Under this strategy, RFMD realigned in order to become a $1 billion company over the next three years.

RF Micro Devices acquisition of Silicon Wave also marks the second time this week that a larger communication chip player has gobbled up one of the early Bluetooth technology developers. On Monday, Broadcom announced that it had purchased San Diego, California-based Widcomm, which is best known for developing protocol stacks for Bluetooth applications.

RFMD will acquire Silicon Wave in a cash transaction. This acquisition is expected to close over the next 30 days.

- John Walko and Robert Keenan

CommsDesign.com





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