News

4 September 2009

 

TriQuint acquires TriAccess for CATV and FTTP RFIC amplifiers

RF front-end product maker and foundry services provider TriQuint Semiconductor Inc of Hillsboro, OR, USA has acquired TriAccess Technologies of Santa Rosa, CA, a provider of cable TV (CATV) and fiber-to-the-premise (FTTP) RFIC components for the amplification of high-quality multimedia content. TriQuint has been a foundry supplier to TriAccess for the last four years.

“The TriAccess team is a great fit for TriQuint,” says Brian Balut, VP of TriQuint's Network Products. “TriAccess brings a portfolio of products for the CATV and FTTP markets, with strong design and market understanding, which accelerates TriQuint's strategy of serving these applications,” he adds.

Cable and telecom operators are competing to provide consumers with triple-play services (Internet, video and voice) and are upgrading their networks to provide the bandwidth needed for high-speed Internet, multiple HDTV streams, and applications such as video-on-demand (VOD). TriQuint says that these services require RF components that provide higher performance – i.e. higher bandwidth, better linearity, lower noise, reduced power consumption, and higher integration – all at reduced cost. Also, it is not just a US focus; Europe and the Asia-Pacific region are deploying similar systems. TriQuint’s CATV products, combined with TriAccess’ product lines, address these global needs, the firm adds.

“Together we can accelerate our success in multiple CATV and fiber-optic video markets worldwide. We are anxious to further utilize TriQuint’s process technology and assembly & test resources,” says TriAccess’ president, chief technology officer & founder Chris Day. “TriQuint is well known and highly respected by our customers, providing additional confidence that we are a dependable and stable source of supply,” he adds. Day will manage what is now the TriQuint Santa Rosa Design Center, focused on the growing CATV and fiber optic video markets.

TriAccess’ results are not expected to materially impact TriQuint’s net income.

In conjunction with the transaction, TriQuint’s board of directors has approved the issue of 170,300 stock options to ten former TriAccess employees under TriQuint’s 2008 Inducement Award Program. A majority of TriQuint’s independent directors approved the grant of the stock options in accordance with NASDAQ Listing Standard 5635(c)(4).

The stock options granted as part of the award program have a 10-year life, with 25% vesting 12 months from the date of grant and the remaining 75% in equal quarterly installments of 6.25% over the next 12 quarters. The exercise price is $7.54 (the closing price of TriQuint’s common stock on 3 September). The options expire on 3 September 2019.

See related items:

TriAccess introduces RFICs for CATV hybrid applications

Triquint foundry to fab TriAccess RFIC drop amplifier for CATV

Search: TriQuint TriAccess CATV FTTH

Visit: http://triaccesstech.com

Visit: www.triquint.com