MACOM Technology Solutions Holdings

MACOM and Goertek have agreed to establish a joint venture based in Hong Kong to supply, market and distribute gallium nitride on silicon (GaN-on-Si)-based RF power components into China's base-station market. Goertek will provide up to $134.6 million to MACOM, and both will contribute $25 million in working capital to the JV.

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.

MACOM Technology Solutions Inc. was awarded a contract from the United States Air Force Research Laboratory to develop advanced GaN-on-SiC semiconductor process technology for millimeter-wave MMIC products. The contract is valued at approximately $4.0 million.

STMicroelectronics is expanding its installed capacity for Silicon Carbide and starting production ramp-up for Gallium Nitride for RF devices. The company also announced a multi-year supply agreement with Cree.

MACOM and STMicroelectronics announced an agreement to develop GaN on Silicon wafers, with ST manufacturing for MACOM's RF applications and licensing the technology for its own products.

MACOM Technology Solutions completed its acquisition of Applied Micro Circuits Corporation (AppliedMicro) for $3.25 in cash and 0.1089 shares of MACOM common stock per share. The deal closed on January 26, 2017.

MACOM Technology Solutions Holdings entered a definitive agreement to acquire Applied Micro Circuits Corporation for approximately $770 million, or $8.36 per share. MACOM intends to divest AppliedMicro's Compute business within 100 days of closing.