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Anadigics Inc of Warren, NJ, USA, which manufactures wireless and broadband communications components and modules, has acquired the RF Group of Silicon Valley-based Fairchild Semiconductor for $2.3m. The divestiture allows Fairchild to focus its resources more on designing and manufacturing its power analog and power discrete semiconductor products (for optimizing system power).
The acquisition includes fixed assets, certain leases, software, licenses to intellectual property, and customer and vendor lists. Anadigics has hired 23 RF design and engineering professionals from the RF Group and will retain the design center based in Tyngsboro, MA, USA.
As a part of the deal, Anadigics has agreed to assist Fairchild transition out of the RF business by providing both business and technical support for a period of time.
“Highly specialized RF talent is rare in the semiconductor industry and is a differentiating factor in our fast growing markets,” says Dr Bami Bastani, Anadigics’ president & CEO. “The establishment of the Massachusetts design center not only fulfills our planned 2008 resource requirements, but further consolidates the industry and provides Anadigics with a knowledgeable and exceptionally experienced RF team.” The acquisition should further accelerate Anadigics’ design and development of RF devices for the 3G cellular, WiFi and WiMAX markets, he adds.
“While this transaction will increase our anticipated R&D expenses for the fourth quarter of 2007, customer demand forecasts and fourth quarter momentum for our products remain robust, which is expected to partially offset the incremental expenses,” says Tom Shields, executive VP & CFO. “For fiscal year 2008, our business model had already planned comparable R&D expenses and, consequently, does not need to be further adjusted for this acquisition,” he concludes.
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