Sirenza Microdevices to Acquire Micro Linear Corporation CompoundSemi News StaffAugust 15, 2006...Sirenza Microdevices of Broomfield, Colorado USA, a supplier of RF components
for communications equipment manufacturers, reports signing a definitive agreement
to acquire Micro Linear Corporation of San Jose, California. According to Sirenza
the transaction calls for 0.365 Sirenza share to be issued for each share of
Micro Linear (subject to potential adjustment). As of stock market closing on
August 14th and based on the number of Micro Linear’s fully diluted shares
outstanding, Sirenza said the transaction is valued at about $45.6 million.
Micro Linear reportedly specializes in circuit solutions for wireless, and
according to Sirenza, Micro Linear’s products and service will add substantially
to what the company can offer its customers. "We believe the acquisition
of Micro Linear is another significant step toward achieving our strategic goals
of diversifying our end markets, expanding our product breadth and strengthening
our world-class RF core competencies," stated Robert Van Buskirk,
president and CEO of Sirenza Microdevices. "Micro Linear's highly integrated
IC capability strengthens our expertise in IC product solutions and brings us
world class, proven RF CMOS and bi-CMOS design expertise. Additionally, Micro
Linear's strong position in silicon-based transceiver IC products enables our
penetration into the high-volume digital cordless phone market, launches us
into the growing PHS terminal market and strengthens our current participation
in the expanding digital TV (DTV) and set-top box markets. We are excited about
completing the transaction and look forward to working closely with our broadened
customer base as we move into 2007 as a stronger, more diversified RF component
supplier."
The board of directors at both companies have approved the acquisition. The
acquisition, which is expected to close in the fourth quarter of 2006, is subject
to the approval of Micro Linear shareholders and other customary closing conditions.
Micro Linear will join Sirenza's SMDI business segment, and according to Sirenza,
this will add to Sirenza’s existing product portfolio and expand its expertise
in integrated RF IC products for consumer applications. Under the terms of the
proposed acquisition, Timothy Richardson, president and CEO of Micro Linear,
is expected to join Sirenza as chief strategy officer and will report to Robert
Van Buskirk, president and CEO. It is also anticipated that John Zucker, current
chairman of the Micro Linear Board of Directors, will join the Sirenza Board
as an independent director following the close of the transaction. Sirenza
Microdevices News Release SatCon Awarded $1 Million in Funding for Class K Device CompoundSemi News StaffAugust 15, 2006...SatCon Technology Corporation of Boston, Massachusetts USA, announced that
its wholly owned subsidiary, SatCon Electronics has been awarded $1,000,000
in contracts for Class K circuits from two major North American satellite subcontractors.
SatCon, which designs and manufactures power management, analog signal processing,
RF, and thin film components, says the contract is to develop and manufacture
custom signal-processing devices are used in inertial navigation. Class K refers
to a set of US Military design specifications which include requirements and
tolerances for circuits for use in outer space. The
Defense Supply Center Columbus (DSCC), manages Class K device manufacturing
for electronic parts through a number of specifications, standards, and test
methods. SatCon is one of only seven US companies to be certified to develop
and manufacture Class K devices.
"We are extremely pleased with our continued success and penetration
in the satellite market," said Jack Worthen, President, SatCon Electronics.
"This brings our year-to-date Class K bookings total to $1.7 million.
We expect Class K shipments to increase from roughly $100,000 in fiscal 2006
to over $2.0 million in fiscal 2007. By participating in this growing multi-million
dollar market, we expect a significant portion of our revenue and future growth
to be associated with space flight applications." Company
News Release VPEC and MBE Account for 15 Percent of Merchant Supply of SI GaAs, Strategy Analytics Says
CompoundSemi News StaffAugust 14, 2006...Strategy Analytics latest study, "Markets for SI GaAs Epitaxial Substrates
2005-2010," shows that Kopin, Hitachi Cable and IQE were the top three
merchant suppliers of the epitaxial material in 2005 as merchant demand for semi-insulating
(SI) GaAs epitaxial substrates jumped 44 percent. The company reported that
two Asia-Pacific companies which made a combined increase in SI GaAs substrate
output of 145 percent, captured a significant portion of the SI GaAs merchant
supply pie, at about 15 percent. Asif Anwar, Director of the Strategy Analytics
GaAs and Compound Semiconductor Technologies service stated, “We expect
to see continued growth across the whole industry and the Asia-Pacific suppliers
will want to be at the forefront of this growth in 2006."
Stephen Entwistle, Vice President of the Strategic Technologies Practice at
Strategy Analytics, pointed out some significant changes in the market share
so far in 2006. “In particular, IQE's acquisition of the Emcore’s’
GaAs epi business will challenge market leaders, Kopin and Hitachi Cable…
Also, VPEC and MBE Technology are well positioned to take advantage of ramps
at GaAs device foundries in their region which could see them gain market share
in 2006." Strategy
Analytics News Release SUI Ships SWIR LDV Linescan Cameras CompoundSemi News StaffAugust 14, 2006...SUI, formerly Sensors Unlimited Inc., has begun shipping shortwave infrared
(SWIR) linear digital video (LDV) linescan cameras in original equipment manufacturer
quantities. According to the company, the near infrared cameras are all based
on the company’s indium gallium arsenide (InGaAs) detector technology,
they operate at room temperature, have no moving parts, work with standard glass
optics, and are easy to integrate for use in applications such as machine vision.
They come with pixel counts of 256, 512, or 1024. The high dynamic range, low
noise, high-line-rate platform LDV shortwave infrared cameras can be selected
with a 25 or 50 micron pitch and can be ordered with the SUI standard NIR linear
arrays (from 800 nm to 1700 nm) and the extended wavelength arrays (from 1100
nm to 2200 nm). The company contends that LDV Linescan Cameras are easy to operate,
require no maintenance and feature an intuitive interface to optics and electronics.
SUI
News Release Cree Reports Record Annual Revenues Despite Tough Fourth Quarter LIGHTimes StaffAugust 11, 2006...Cree of Durham, North Carolina, posted a record annual revenue of $423 million
for fiscal 2006, despite a fourth quarter earnings drop about 37 percent compared
to the Q4 of 2005. The company reported a profit of $13.2 million. That’s
down from $21 million from the same quarter in 2005. July warnings of lower
than expected earnings sent stocks share prices plunging to as low as $16.95.
The stock has gradually recovered from the bad news in July. Cree cited production
challenges of LEDs as the primary cause of the lower sales.
“Although the fourth quarter was more challenging than we expected,
we remain optimistic that we can expand our business by leveraging strengths
in LED chip and (silicon carbide) materials technology to broaden our product
line with higher-value, component-level products for the emerging markets in
LED lighting and power,” said Cree Chief Executive Officer Chuck
Swoboda in a statement. Cree opened a new silicon carbide (SiC) and gallium
nitride (GaN) production facility in Research Triangle Park on Tuesday. The
additional GaN and SiC production capacity is expected to help alleviate the
LED production capacity problem. (Ref: Company
Financial Results) SMI Awarded Phase II SBIR Grant for FPGA DevelopmentAugust 10, 2006...Structured Materials Industries (SMI) reports receiving a phase II SBIR grant
from the Defense Threat Reduction Agency, to make field-programmable gate arrays
using its own MOCVD technology. SMI will use a new ferroelectric material that
is compatible with silicon interfaces. The thin film reportedly replaces a silicon
dioxide dielectric in a silicon metal-oxide-semiconductor process. The company
says the phase II project will attempt to optimize the properties, quality,
and geometry of the ferroelectric field effect transistor (FET) to be mass produced
in a fabrication facility. SMI points out that unlike current reprogrammable
FPGA technology, SMI’s new technology is designed to withstand total dose
and single event upsets without failing. Company
News Release Starfire Wins Export Achievement AwardAugust 10, 2006...The U.S. Department of Commerce assistant secretary will present the department’s
Export Acheivement Award to Starfire Systems Inc. of Malta, New York, according
to a story
in The Business Review. The award is given to companies which derive the most
from the commerce department’s export assistance program to make their
first export sale or to open new markets. Starfire, which makes silicon carbide
ceramic forming polymers, used the assistance from the commerce department to
expand to Slovenia and increase sales in Germany, Italy, France, and Japan. SatCon Receives Multi-Million Dollar Order CompoundSemi News StaffAugust 10, 2006...SatCon Technology Corporation, a maker of power electronic and control products
headquartered in Boston, Massachusetts USA, reports receiving a multi-million
dollar order for DC power electronics through Fluor Canada Ltd. The order for
more than 30 MW of Inverpower DC power electronics will reportedly be used in
the copper refining process. Terms and conditions of the order are not expected
to be finalized until sometime in the fourth quarter. According to the company,
the fulfillment of the order is scheduled over the next year. Inverpower DC
(direct current) power delivery systems use power transistor (Insulated Gate
Bipolar Transistor or "IGBT") technology. The order adds to the company’s
sales of IGBT based DC power distribution equipment totaling over 450 MW. "SatCon,
through its wholly-owned Canadian subsidiary, was the first company in the world
to supply high power DC power electronics using IGBT power transistor technology.
DC power distribution based on power transistor technology is recognized for
its high efficiency and power quality, and is also a key feature in our alternative
energy inverter products," said Clemens van Zeyl, President of SatCon
Stationary Power Systems. SatCon
News Release
In other company news, SatCon reported a net loss $3.5 million for the third
fiscal quarter of 2006 compared to a net loss of $2.3 million for the same quarter
of 2005. The company indicated however that so far for fiscal 2006, SatCon has
invested about $1.6 million in new market and product initiatives, which the
company expects to drive revenue growth in the coming quarters. (Ref: Quarterly
Financial Results) Our news features are reported
by the CompoundSemi News staff writers.
For submissions or content suggestions, you can contact us using
editor -at - compoundsemi.com
For more information and to reserve promotion space contact
Info7 -at - compoundsemi.com
or call +1 (512) 257-9888
|