Mindspeed, Picochip finalize acquisition

Picochip is a supplier of integrated system-on-chip (SoC) solutions for small cell base stations. It pioneered the femtocell market and has developed a broad portfolio of next generation small cell solutions for enterprise, metro and residential base stations.

"This marks the closing of the most strategic and exciting acquisition in Mindspeed's history," said Raouf Y. Halim, Mindspeed's chief executive officer. "Mindspeed and Picochip are now one company that is well positioned to lead the market for small cell base station solutions for next generation mobile broadband communications."

Halim said the combined company would accelerate Mindspeed's position in both 3G/high speed packet access (HSPA) and 4G/long-term evolution (LTE).

Mindspeed last week reported results for its fiscal first quarter of 2012, which ended on December 30, 2011, which included total net revenues of $33.9 million including patent sales, with product revenue of $33.8 million, down 17 percent from the fiscal fourth quarter of 2011.

The company's SoC products are used in 3G and LTE mobile networks, as well as in in fiber-optic networks