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Hittite Microwave Corp. announced it has acquired a license from IBM to manufacture and market silicon IC millimeter-wave transceivers developed by IBM. Also covered by the license are certain 57 to 64 GHz IC, package and antenna technology, as well as 71 to 76 GHz and 81 to 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 millimeter-wave technology.
Financial terms of the transaction were not disclosed.