MACOM Technology Solutions acquired Texas-based fabless semiconductor company ENGIN-IC. The Lowell, Mass.-based semiconductor products supplier said Wednesday that the acquisition Support efforts to increase market share.
M&A activities
stephen dalyMACOM’s President and CEO welcomed the ENGIN-IC team to the company, saying their expertise in monolithic microwave integrated circuits will enable them to provide better customer support.
“ENGIN-IC’s outstanding wideband, high-efficiency MMIC and module design expertise will enable us to better support our mutual customers,” Dailey commented.
meanwhile, steven nelsonThe Chief Technology Officer of ENGIN-IC emphasized joining MACOM’s efforts to become a leading provider of gallium nitride semiconductors.
“MACOM’s talented team and growth strategy align well with ENGIN-IC’s strengths, and we look forward to what we can accomplish together,” Nelson said.
This cash on hand transaction is not expected to have a material impact on MACOM’s near-term financial performance.
About ENGIN-IC
ENGIN-IC was co-founded by Nelson in 2014 to serve customers in the U.S. defense industry. The company has used innovative research contracts for small and medium-sized businesses, research projects for the Department of Defense, and custom integrated circuit development projects for prime defense contractors to grow its business and build its products.
The company offers more than 60 standard MMICs and customized circuits such as high-efficiency power amplifiers, time delay units, integrated transmit and receive chips, mixers, and modulators.
The company has facilities in Plano, Texas and San Diego, California.
