News Article
RF Micro Devices Has Agreed To Buy Resonext Communications
RF Micro Devices has agreed to buy Resonext Communications, a supplier of CMOS WLAN solutions for 802.11a and multi-band (802.11a/b/g) wireless networking platforms.
RFMD has agreed to issue $133mn in stock - subject to a collar on RFMD's stock price of between $6.00 and $9.50 per share - for all the outstanding shares of capital stock of Resonext. The transaction is subject to the approval of Resonext's shareholders and other closing conditions. Completion is expected in the quarter ending December 31, 2002.
RFMD has a relationship for silicon manufacturing and development with Jazz Semiconductor. Resonext employs more than 90 people, including 70 engineers -- 90% of whom hold advanced degrees.
Discussions relating to Amkor Technology's proposed equity purchase of Fujitsu's semiconductor assembly and test operation located in Kagoshima, Japan, have ended. The two companies signed a non-binding memorandum of understanding in April 2002 and were in negotiations on a definitive agreement (Bulletin 430, April 30, 2002).
"We were looking forward to partnering with Fujitsu on this outsourcing venture and are disappointed that we could not reach agreement," says John Boruch, Amkor's president and CEO.
DuPont says it will not be in a position to consummate an acquisition of ChemFirst until further investigation of an explosion at a ChemFirst plant in Missouri. Currently, the plant is shut down for clean up and inspection. ChemFirst supplies electronic chemicals and materials to the semiconductor industry.
STMicroelectronics denies and Motorola declines to comment on reports that the two are discussing merger of Motorola's semiconductor operation with ST.
Despite reporting the denials, the Financial Times seems certain that talks are taking place. The paper's sources are "senior French and Italian officials". A deal could come next year, creating the worlds second largest IC producer. Motorola is part of an R&D partnership with ST and Philips aimed at 90nm processing (Bulletin 428, April 15, 2002).
In its Q3 results, Motorola reports an operating profit of $13mn for its Semiconductor Products Segment. The same period in 2001 showed a $418mn loss.
RFMD has a relationship for silicon manufacturing and development with Jazz Semiconductor. Resonext employs more than 90 people, including 70 engineers -- 90% of whom hold advanced degrees.
Discussions relating to Amkor Technology's proposed equity purchase of Fujitsu's semiconductor assembly and test operation located in Kagoshima, Japan, have ended. The two companies signed a non-binding memorandum of understanding in April 2002 and were in negotiations on a definitive agreement (Bulletin 430, April 30, 2002).
"We were looking forward to partnering with Fujitsu on this outsourcing venture and are disappointed that we could not reach agreement," says John Boruch, Amkor's president and CEO.
DuPont says it will not be in a position to consummate an acquisition of ChemFirst until further investigation of an explosion at a ChemFirst plant in Missouri. Currently, the plant is shut down for clean up and inspection. ChemFirst supplies electronic chemicals and materials to the semiconductor industry.
STMicroelectronics denies and Motorola declines to comment on reports that the two are discussing merger of Motorola's semiconductor operation with ST.
Despite reporting the denials, the Financial Times seems certain that talks are taking place. The paper's sources are "senior French and Italian officials". A deal could come next year, creating the worlds second largest IC producer. Motorola is part of an R&D partnership with ST and Philips aimed at 90nm processing (Bulletin 428, April 15, 2002).
In its Q3 results, Motorola reports an operating profit of $13mn for its Semiconductor Products Segment. The same period in 2001 showed a $418mn loss.
