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Ralink now owned by MediaTek

Posted: 21 Mar 2011 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition? Wi-Fi? wireless? home networking? semiconductors?

MediaTek Inc. recently announced its acquisition of Ralink Technology Corp. The company believes its purchase of Ralink, a provider of wireless home networking and broadband access semiconductors, will help it expand into several new markets.

Ralink develops chips for Wi-Fi, DSL, USB and other applications while Taiwan's MediaTek leads the cellphone chip market. Customers of the merged company will now have access to a full range of Wi-Fi solutions as well as technologies like Bluetooth, GPS, xDSL and Ethernet.

Feeling the heat, MediaTek is seeking a comeback after struggling in recent times. In a statement, M.K. Tsai, chairman of MediaTek, said: "We expect Wi-Fi connectivity to continue increasing in popularity in the portable consumer and enterprise electronics industries, as well as the digital home. Thus, MediaTek's addressable market in game consoles, media players, tablets and TVs will instantaneously expand with the addition of Ralink's full line of Wi-Fi chips, including fixed, portable and mobile solutions; next-generation innovations in technologies like 802.11 ac/ad and VDSL; and world-class customers."

Under the terms, MediaTek has acquired the firm through a share swap of 1 share for 3.15 shares of Ralink, making MediaTek the surviving entity. The transaction has been approved by the respective boards of directors of MediaTek and Ralink and is expected to take effect on October 1, 2011, pending shareholder approval and other regulatory reviews.

Last year, Ralink announced an agreement to take over the broadband chipset supplier TrendChip Technologies Corp.

The deal somewhat mirrors another acquisition in the wireless space. As reported, Qualcomm has entered into a definitive agreement to purchase Atheros for $45 per share in cash, representing a value of $3.1 billion. The deal creates a company with combined sales of $11 billion, based on revenues from 2009.

- Mark LaPedus
??EE Times





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