RF Micro Devices Completes Acquisition of Silicon Wave
RF Micro Devices Inc. (RFMD, Greensboro, NC), a provider of proprietary radio frequency integrated circuits for wireless communications applications, announced it has completed the acquisition of Silicon Wave Inc. (San Diego, CA), a privately held company that is a leading supplier of integrated circuits for wireless personal area networks (WPANs). RFMD is currently ramping volume production of Silicon Wave's Bluetooth components for handsets manufactured by a tier-one handset maker. In addition to handsets, the company's Bluetooth products are in use supporting multiple applications, including headsets, printers and PC peripherals.
Frank Morese, vice president of RFMD's wireless connectivity business unit, said, "We're excited to join forces with Silicon Wave to significantly enhance our Bluetooth product portfolio. We believe our combined strengths and unique technology place us in an extremely strong position to capture growth in the explosive Bluetooth market, which industry research forecasts will grow more than six-fold over the next three years. We expect revenue from our Bluetooth solutions will increase significantly in fiscal 2005 through continued strong design traction within the handset, headset, PC peripheral and consumer electronic device markets."