M&A Deal Summary

MACOM Technology Solutions Acquires Wolfspeed - RF Business

On August 22, 2023, MACOM Technology Solutions acquired semiconductors company Wolfspeed - RF Business from Wolfspeed for 125M USD

Acquisition Highlights
  • This is MACOM Technology Solutions’ 9th transaction in the Semiconductors sector.
  • This is MACOM Technology Solutions’ 4th largest (disclosed) transaction.
  • This is MACOM Technology Solutions’ 9th transaction in the United States.
  • This is MACOM Technology Solutions’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2023-08-22
Target Wolfspeed - RF Business
Sector Semiconductors
Buyer(s) MACOM Technology Solutions
Sellers(s) Wolfspeed
Deal Type Divestiture
Deal Value 125M USD

Target

Wolfspeed - RF Business

Durham, North Carolina, United States
Wolfspeed's RF Business includes a portfolio of Gallium Nitride on Silicon Carbide products used in high performance RF and microwave applications. Wolfspeed's RF Business is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

MACOM Technology Solutions

Lowell, Massachusetts, United States

website


Category Company
Founded 1950
Sector Semiconductors
Employees1,100
Revenue 675M USD (2022)
DESCRIPTION

MACOM Technology Solutions is a supplier of RF, microwave, and millimeter wave products which enable Internet and modern battlefield applications. Specialized in broad catalog portfolio of technologies and products, MACOM serves diverse markets, including CATV, wireless and optical communications infrastructure, satellite, radar, automotive, industrial, medical, and mobile devices. MACOM Technology Solutions was founded in 1950 and is based in Lowell, Massachusetts.


DEAL STATS #
Overall 11 of 11
Sector (Semiconductors) 9 of 9
Type (Divestiture) 3 of 3
State (North Carolina) 2 of 2
Country (United States) 9 of 9
Year (2023) 3 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Linearizer

Hamilton, New Jersey, United States

Linearizer is an independently owned and operated firm specializing in the solution of problems involving non-linearity at microwave frequencies, and the production of related satellite hardware. The company has a 26,250 sq. ft. facility that supports both R&D and manufacturing and is conveniently located in the Princeton Region of New Jersey. This facility incorporates the entire manufacturing process from RF/microwave/millimeter-wave research and development through to the production phase. The facility includes a microwave, electrical and environmental/ vibration test area, a class 100,000 cleanroom that can operate to a class 10,000 level if required, with wire-bonding, ribbon welding, die-attach, and microelectronic assembly capabilities, compliant to MIL-PRF-38534. Its facilities have the capability to make vector measurements beyond 70 GHz. All assembly personnel is trained and certified to the NASA solder standard. A computer network with an array of PCs is available for both office and engineering needs. LCG engineers have developed a number of proprietary programs for the analysis and design of linearizers. These are used in conjunction with commercial software to meet their design needs. Linearizer is based in Hamilton, New Jersey.

Buy $49M

Seller(S) 1

SELLER

Wolfspeed

Durham, North Carolina, United States

website


Category Company
Founded 1987
Sector Electrical Equipment
Employees4,017
Revenue 746M USD (2022)
DESCRIPTION
Entrance to Cree's corporate campus in Durham, North Carolina.
Entrance to Cree's corporate campus in Durham, North Carolina.

Wolfspeed is a provider of energy-efficient, mercury-free LED lighting. Wolfspeed markets lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications. Wolfspeed was formed in 1987 and is based in Durham, North Carolina.


DEAL STATS #
Overall 3 of 3
Sector (Semiconductors) 1 of 1
Type (Divestiture) 3 of 3
State (North Carolina) 3 of 3
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Aixtron - Epitaxial Tools

Herzogenrath, Germany

Aixtron's Epitaxial Tools enable high power density and energy efficiency and will drive the next generation of semiconductor technology. Aixtron's Epitaxial Tools is based in Herzogenrath, Germany.

Buy -