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TriQuint finalizes WJ Communications buyout

Posted: 27 May 2008 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition? merger agreement? RF solution?

TriQuint Semiconductor has completed its acquisition of RF solutions supplier WJ Communications Inc.

Following WJ stockholders approval, both companies closed the merger pursuant to the terms of the merger agreement dated Mar. 9. WJ stock has ceased to be publicly traded and is no longer listed on NASDAQ.

"Completing the acquisition strengthens an already powerful line-up of TriQuint products designed around the needs of our customers," remarked Ralph Quinsey, TriQuint president and CEO. "TriQuint is the only company serving diverse yet synergistic markets that include mobile handsets, networks infrastructure, military and commercial foundry with such a broadly balanced product portfolio. Our strategy has long been to build a company focused on the RF needs of wireless applications, and the WJ portfolio adds important components for network infrastructure."

Adding WJ's products in 2008 completes TriQuint's the RF front-end portfolio for cellular base stations including next-generation technology like W-CDMA, long term evolution and emerging 3G standards such as China's TD-SCDMA.

WJ has a growing portfolio of TD-SCDMA products, including multichip integrated modules successfully marketed to a major Chinese base station radio manufacturer. Industry researcher In-Stat projected in a May 2007 report that the TD-SCDMA market could reach 52 million subscribers by 2011 and that rapid growth was expected in 2009 and beyond. The development of highly efficient integrated modules for base stations is a key aspect of TriQuint's networks market strategy, according to Brian Balut, TriQuint VP, networks.

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