Quintech Electronics & Communications Inc., a world leader in the design and manufacture of RF wireless test and measurement matrix switches, announced that its new NEXUS-3 Mesh Matrix product has been purchased by a leading defense contractor to enhance its RF Wireless Testing in support of U.S. Government activities.
Unable to address the U.S. government's national security concerns, Cree will retain Wolfspeed and terminate the agreement to sell the power and RF business to Infineon Technologies. Cree's CEO said the company will invest in Wolfspeed to grow the business.
While the defense industry has been unable to sustain revenue growth, profitability has been growing. Sustaining an upwards trajectory for profit margins will require scale, the ability to integrate and incorporate new capabilities and the capacity to disrupt the competitive landscape through emerging technologies and by attacking adjacent markets.
Integrated Device Technology will acquire GigPeak for $3.08 per share or approximately $250 million in cash. The purchase price is approximately 22 percent higher than the closing price of GigPeak shares on February 10. The deal is expected to close during the second calendar quarter of 2017.
Gowanda Components Group is pleased to announce that its capabilities for the design and manufacture of RF and microwave filters are expanding in connection with the acquisition of Microwave Circuits from AMTI in Lynchburg, Va.
Mercury Systems Inc. announced it received a $4.1 million follow-on order from a leading defense prime contractor for wideband millimeter wave transceivers for a homeland security high-resolution imaging application. The order was booked in the company's fiscal 2017 third quarter and is expected to be shipped over the next several quarters.
The Committee on Foreign Investment in the United States (CFIUS) concluded that the proposed acquisition of Wolfspeed by Infineon "poses a risk to the national security of the United States." Infineon stated in a press release "that there is a considerable risk that the transaction, as agreed, is not going to close."
AtlanTecRF, a leading global RF and microwave components and equipment manufacturer, announced the appointment of Mike Andrioff as its new North American sales manager. Andrioff will be responsible for expanding AtlanTecRF’s North American business with a specific focus on growing the company’s already successful Satcom RF Testing Equipment sales.