IQE buys RFMD's epi-wafer plant
June 11, 2012 // Peter Clarke
Wafer supplier IQE plc (Cardiff, Wales) has agreed to acquire the molecular beam epitaxy (MBE) epitaxial wafer growth manufacturing unit of RF Micro Devices Inc. (Greensboro, North Carolina).
RFMD's GaAs semiconductor products incorporate transistor layers grown on either an MBE or metal organic chemical vapor deposition (MOCVD) process. RFMD already outsources all MOCVD-based starting material, and RFMD will outsource MBE-based starting material with the completion of the transfer to IQE.
The value of assets to be transferred to IQE, including a building in Greensboro, North Carolina, is estimated to be worth $27 million. However, IQE is not paying directly for the assets but through a discount-priced exclusive wafer supply agreement. This includes the supply of $55 million in wafers minimum order in the first two years.
RFMD will continue to own and operate wafer fabs for RF components in Greensboro, and Newton Aycliffe, England.
The assets being transferred to IQE include a fully fitted clean room of over 90,000 square feet and 16 MBE tools housed in a 135,000 square foot stand-alone building in Greensboro, North Carolina. The local management and employees for the unit, consisting of 70 people, will also transfer directly to IQE.
IQE said that it intends to use unallocated capacity from the Greensboro facility to increase its supply of wafers for concentrated photovoltaic (CPV) solar cells in respect of an agreement with Solar Junction Inc. (San Jose, Calif.).
The agreement with RFMD is expected to allow IQE to expand its supply of wafers for solar to a value of $35 million annually without the need for significant capital expenditure.
"The deal secures IQE world class epi-wafer production assets and staff, together with a long term wafer supply agreement, further strengthening our leadership position in the supply of wafers to the global wireless industry," said Drew Nelson, president and CEO of IQE, in a statement.
Bob Bruggeworth, president and CEO of RFMD, said: "We believe this is a mutually beneficial transaction for both RFMD and IQE. Of note, we expect this transaction will provide RFMD with lower MBE and MOCVD pricing, higher return on invested capital (ROIC), and more predictable operating results."
Polymer solar cell boosts power generation by 15 percent
September 22, 2014
Scientists in the University of Chicago’s chemistry department, the Institute for Molecular Engineering and Argonne ...
What Apple stuffed inside iPhone 6 plus
Nuclear spins shown to control current in LED
Trillions of sensors ahead - with interesting side effects
Breaking the 'electrode barrier' promises lower-cost organic PVs
Harvesting every bite of energy
September 22, 2014
Researchers, from Sonomax-ÉTS Industrial Research Chair in In-ear Technologies (CRITIAS) at École de technologie supérieure ...
Mars Probe Looks for Atmosphere 'Lost in Space'
Sensor Hubs Aided by IEEE-2700-2014 Datasheets
Daimler to test autonomous driving in California
- Putting FPGAs to Work in Software Radio Systems Handbook
- Flexible and Low Power Driving of Solenoid Coils
- How to Protect & Monetize Android Apps
- Power Modules: The New Super Power
InterviewCEO interview: AMS' Laney on driving a sensor-driven business
Kirk Laney, CEO of Austrian mixed-signal chip and sensor company AMS, wants to leverage the opportunity that technology affords to create new markets for sensors and sensor interfaces.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.
Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.