TriQuint to acquire Infineon's GaAs business
TriQuint Semiconductor Inc. has revealed that it will acquire Infineon Technologies AG's GaAs semiconductor business. As part of the acquisition, Infineon's GaAs business will report to TriQuint's wireless modules and worldwide sales business unit.
The acquisition is part of a partnership between the companies to develop and produce RF components and modules for customized wireless system solutions. However, TriQuint will not acquire the manufacturing operations of Infineon. Instead, it plans to enter into an interim supply agreement with Infineon while the process is transferred to a TriQuint facility in Oregon.
Steven J. Sharp, chairman, president and CEO of TriQuint, stated, "This partnership with Infineon gives TriQuint access to Infineon's broad product technology, its customers, a strong European presence, about 80 highly skilled employees, and access to the Infineon wireless systems house architecture for future wireless phones."
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