Mixed-signal, radiofrequency (RF) and microwave semiconductor manufacturer CML Microsystems has entered into an agreement to acquire Silicon Valley-based Microwave Technology for up to $18m.
A fellow semiconductor manufacturer, Microwave Technology focuses on the design, manufacturing and marketing of GaAs and GaN-based monolithic microwave integrated circuits (MMICs), discrete devices and hybrid amplifier products for commercial wireless communication, defence, space and medical (MRI) applications.
In 2019, the company undertook a management buy-out from Littelfuse, at the same time transitioning away from manufacturing to a fabless semiconductor model with a specific focus on MMICs. The business currently consists of just over 20 employees and operates from its sole location in Fremont, California.
If the deal goes to plan, the acquisition of Microwave Technology will expand CML Microsystems’ product portfolio an enhance its support resources by increasing its research and development (R&D) capabilities.
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