The RF business includes a portfolio of Gallium Nitride (GaN) on Silicon Carbide (SiC) products used in high performance RF and microwave applications and the business services a broad customer base of aerospace, defence, industrial and telecommunications customers and most recently generated annualised revenues of approximately $150 million.
The acquisition includes a 100mm GaN wafer fabrication facility in Research Triangle Park, North Carolina (the RTP Fab) with operations conveying to MACOM approximately two years following the closing and Wolfspeed’s relocation of certain production equipment.
The acquisition also includes design teams and associated product development assets in Arizona, California and North Carolina, as well as back-end production capabilities in California and Malaysia. In addition, MACOM will be assigned or licensed a robust intellectual property portfolio including over 1,400 patents associated with the RF business.
The RF business will be acquired for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. A workforce of approximately 280 employees is expected to join MACOM, with additional employees joining when the RTP Fab conveys.
