Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Atmel Corporation today announced that Microchip has signed a definitive agreement to acquire Atmel for $8.15 per share in a combination of cash and Microchip common stock. The acquisition price represents a total equity value of about $3.56 billion, and a total enterprise value of about $3.40 billion, after excluding Atmel’s cash and investments net of debt on its balance sheet of approximately $155.0 million at December 31, 2015.
“We are delighted to welcome Atmel employees to Microchip and look forward to closing the transaction and working together to realize the benefits of a combined team pursuing a unified strategy. As the semiconductor industry consolidates, Microchip continues to execute a highly successful consolidation strategy with a string of acquisitions that have helped to double our revenue growth rate compared to our organic revenue growth rate over the last few years. The Atmel acquisition is the latest chapter of our growth strategy and will add further operational and customer scale to Microchip,” said Steve Sanghi, President and CEO of Microchip.
“Microchip and Atmel have a strong tradition of innovation, stretching across microcontroller, analog, touch, connectivity and memory solutions. Joining forces and combining our product portfolios will offer our customers a richer set of solution options to enable innovative and competitive products for the markets they serve,” said Ganesh Moorthy, COO of Microchip.
NXP’s RF Power business becomes Ampleon under new owner JAC Capital
08 December 2015
Following its acquisition of the RF Power business line of NXP Semiconductors N.V. of Eindhoven, The Netherlands, new owner China’s Jianguang Asset Management Co Ltd (JAC Capital) has formed Ampleon of Nijmegen, The Netherlands.
Ampleon takes responsibility for all RF Power business activity, including sales and support of the complete line-up of silicon-based LDMOS and gallium nitride (GaN) RF power products. Founded on a history of more than 50 years, Ampleon has 1250 staff across 16 engineering, sales and manufacturing facilities worldwide.
“With a unique focus on RF power technology and innovation we are extremely well positioned to meet the growing market need for power-, cost- and space-efficient RF solutions,” says CEO Reinier Beltman. “This is not only in our key traditional markets such as wireless infrastructure, broadcast, industrial, scientific & medical (ISM), and aerospace & defense but also in the new RF energy markets such as solid-state cooking and plasma lighting,” he adds. “RF energy applications will see us establishing new partnerships and introduce new products as we embrace these exciting developments across the value chain. We will be working closely with customers to help them adopt RF energy technology into their designs.”
Focusing on partnering with customers to exploit opportunities in RF data and energy transfer, Ampleon aims to increase its commitment to R&D and grow its engineering resources. Ampleon is a founding member of the RF Energy Alliance, whose members aim to build a fast-growing ecosystem around the use of solid-state RF energy as a highly efficient and controllable source of heat and power.
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