News Article
Communications IC Producer TriQuint Semiconductor Has Acquired Assets From
Communications IC producer TriQuint Semiconductor has acquired assets from
IBM's wireless phone chipset business. TriQuint is taking over design,
development, marketing and sales of certain standard and custom IBM
semiconductor products used in wireless phones and other communications
applications. IBM will continue to manufacture the components for TriQuint.
The products being transferred to TriQuint include voltage-controlled
oscillators (VCOs), receivers and wideband CDMA chipsets, all based on
silicon germanium process technology. TriQuint will assume related product
assets and be granted assignments and licenses to associated intellectual
property. The transaction is expected to close by the end of June 2002.
TriQuint will make an initial payment of $22m to IBM, with subsequent
adjustments contingent upon business volumes.
Agere Systems has agreed the sale of its 802.11 wireless local area network
(WLAN) business to Proxim for $65m. The sale would include Agere's ORiNOCO
product line. Agere plans to keep its 802.11 Wi-Fi (wireless fidelity)
business. Under a three-year supply agreement, Agere would supply Proxim
with chips, modules and cards. The proposed arrangements would also include
cross-licensing and settlement of pending litigation between the companies.
STMicroelectronics may be looking to a big acquisition in the US or Asia,
according to reports in the Financial Times. ST's chairman and chief
executive, Pasquale Pistorio, is quoted as saying he was "ready and posied
to seize a big acquistion opportunity". Pistorio says he would have three
aims: to raise ST's profile in one of the large markets where it has a
lesser presence such as the US or Asia, to "enrich, complement and expand"
strategic competence and, most importantly, "to buy value and not glamour".
ST could look to capitalise on the stock market falls in South Korean or
Japan. Conversations with Toshiba are believed to have taken place. One
possibility raised by the FT article is Motorola, where Pistorio started his
career. Motorola recently joined a research consortium consisting of ST,
Philips and TSMC (Bulletin 428, April 15, 2002).
(WLAN) business to Proxim for $65m. The sale would include Agere's ORiNOCO
product line. Agere plans to keep its 802.11 Wi-Fi (wireless fidelity)
business. Under a three-year supply agreement, Agere would supply Proxim
with chips, modules and cards. The proposed arrangements would also include
cross-licensing and settlement of pending litigation between the companies.
STMicroelectronics may be looking to a big acquisition in the US or Asia,
according to reports in the Financial Times. ST's chairman and chief
executive, Pasquale Pistorio, is quoted as saying he was "ready and posied
to seize a big acquistion opportunity". Pistorio says he would have three
aims: to raise ST's profile in one of the large markets where it has a
lesser presence such as the US or Asia, to "enrich, complement and expand"
strategic competence and, most importantly, "to buy value and not glamour".
ST could look to capitalise on the stock market falls in South Korean or
Japan. Conversations with Toshiba are believed to have taken place. One
possibility raised by the FT article is Motorola, where Pistorio started his
career. Motorola recently joined a research consortium consisting of ST,
Philips and TSMC (Bulletin 428, April 15, 2002).
