MACOM and Goertek form joint venture for 5G RF components in China

MACOM and Goertek agreed to establish a joint venture based in Hong Kong to supply GaN-on-Si RF Power components to China's 5G basestation market. Goertek will pay MACOM up to $134.6 million, with $30 million upfront, and both will contribute $25 million in working capital.

“This joint venture is a capstone to MACOM’s strategy to become a scale player within the multi-billion dollar 5G basestation market in China.”macom.com

• 2 sources
• macom.comMACOM and Goertek Form Joint Venture to Service China’s 5G Build OutkgazzanigaApr 24, 2019
• sec.govExhibitApr 24, 2019

Summarized from public sources; check the original articles before acting on it.