TriQuint completes acquisition of WJ Communications
In a statement last week, TriQuint Semiconductor announced the completion of its acquisition of WJ Communications, Inc. whose stockholders have approved the merger agreement dated March 9, 2008.
“Completing the acquisition strengthens an already powerful line-up of TriQuint products designed around the needs of our customers,” remarked Ralph Quinsey, TriQuint president and CEO. “TriQuint is the only company serving diverse yet synergistic markets that include mobile handsets, networks infrastructure, military and commercial foundry with such a broadly balanced product portfolio. Our strategy has long been to build a company focused on the RF needs of wireless applications, and the WJ portfolio adds important components for network infrastructure.”
“TriQuint’s acquisition of WJ Communications will complement the company’s successful merger strategy that has added to its technology and IP portfolio,” said Asif Anwar, director, GaAs and Semiconductor Technologies, Strategy Analytics. “TriQuint can now target a wider range of markets with an even more balanced portfolio focused on networks RF systems. Strategy Analytics projects strength in network infrastructure and basestation expansion to continue, reaching $776 million by 2011.”
Acquiring WJ Communications builds on it’s long-standing strategy to offer complete RF front-end solutions that add value and lower overall system costs. Thus, it acquired SAWTEK in 2001 for its surface acoustic wave (SAW) filter expertise, followed by bulk acoustic wave (BAW) filter technology from TFR Technologies in 2005. In 2007, the company acquired RF LDMOS and wideband RF transistor technologies from Peak Devices.
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