Fairchild Semiconductor, suppliers of high performance products that optimise system power for multiple end markets, today announced that it has purchased the commercial unit of the RF Components Division of Raytheon. Financial details of the agreement were not disclosed.
The purchase is said to provide Fairchild with an immediate entry into the advanced radio frequency (RF) market for applications that include Wireless LANs and handset power amplifiers.
The agreement also adds gallium arsenide millimetre wave integrated circuits (GaAs MMICs) to Fairchild’s portfolio of high performance building block components that power multiple end market products. The business will report to Fairchild’s Power Discrete Group, led by Dr. Izak Bencuya, executive vice president and general manager.
‘The addition of RF power amplifiers to our current power product offering strengthens Fairchild’s presence in the wireless communications market, while enabling expanded design opportunities in the areas of Wireless LANs (WLANs) and handsets,’ said Bencuya.
‘The total market size for gallium arsenide power amps is projected by Strategy Analytics to grow to between $770 million and $1.2 billion by 2006, with a compound annual growth rate of 16%, adding another dimension to Fairchild’s Power Franchise,’ added Bencuya. ‘We expect this business should ramp to revenues of more than $5 million per quarter towards the latter half of 2004.’
Fairchild has also acquired Raytheon’s foundry partnership agreement for the supply of gallium arsenide wafers and an equity stake in WIN Semiconductor, as well as access to foundry and support services at Raytheon’s Andover, Massachusetts facility.
As part of the asset purchase agreement and transfer of intellectual property, more than thirty Raytheon designers, test engineers and business development employees will join Fairchild.