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ANADIGICS acquires Fairchild’s RF Design Team |
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Sep 06, 2007 at 11:47 AM |
Fairchild Semiconductor has sold its RF Group business in Tyngsboro, Massachusetts for $2.3 million to ANADIGICS. The deal includes fixed assets, certain leases, software, licenses and intellectual property. 23 RF design engineers will also be offered the opportunity to join ANADIGICS' team that is focused on developing RF active semiconductor devices for the 3G Cellular, WiFi and WiMAX markets.
"Highly specialized RF talent is rare in the semiconductor industry and is a differentiating factor in our fast growing markets," said Dr. Bami Bastani, President & CEO of ANADIGICS, Inc. "The establishment of the Massachusetts design center not only fulfills our planned 2008 resource requirements, but further consolidates the industry and provides ANADIGICS with a knowledgeable and exceptionally experienced RF team, which will accelerate our new revenue growth opportunities for 3G Wireless, WiFi and WiMAX product lines."
As a part of the agreement, ANADIGICS will provide business and technical transitional support services to assist Fairchild as it exits the RF business.
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