Chelmsford, MA – July 19, 2010 - Hittite Microwave Corporation (NASDAQ:HITT) today announced it has acquired a license from IBM (NYSE: IBM) to manufacture and market silicon IC millimeterwave transceivers developed by IBM.
Also covered by the license are certain 57-64 GHz IC, package and antenna technology, as well as 71-76 GHz and 81-86 GHz IC intellectual property.
Hittite will apply this advanced high frequency technology to markets that require highly integrated solutions.
The company also entered into a Joint Development Agreement with IBM related to millimeterwave technology. Financial terms of the transaction were not disclosed.