Murata buys Peregrine for $471million, bolsters RF system offering
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In a move which positions it as a leading provider of RF system solutions, Murata Electronics has signed a definitive agreement under which it will acquire Peregrine Semiconductor for $471million.
"This acquisition will combine Murata's world leading mobile RF module capabilities with Peregrine's best in class RF front end products," said Norio Nakajima, director of Murata's Communication Business Unit. "Peregrine invented RF SOI, has led its development for 20 years and accomplished a large number of industry firsts. We have worked closely with it for many years. Its innovation, including the Global 1 all silicon integrated RF front end, is a key strategic area for the mobile industry. This transaction will deepen our existing partnership and position us to meet the expanding opportunities in this field."
Peregrine, a fabless provider of high performance integrated RF solutions, has been developing its UltraCMOS technology since 1988. This advanced form of SOI is said to deliver the performance needed to solve the RF market's biggest challenges, such as linearity.
"Murata is the world's leading RF module and filter provider, and we have benefited from our many years of partnership with them," said Jim Cable, Peregrine's chairman and CEO. "The combination of Murata's leading products with Peregrine's leading edge SOI products will position us to compete aggressively in our chosen markets. We have huge respect for Murata's capabilities and look forward to jointly accomplishing great things."
