TriQuint-RFMD Merger Solidifies Defense Market Lead, says Strategy Analytics

- New entity will be the number one supplier to the defense sector

BOSTON, March 17, 2014 /PRNewswire/ -- RFMD and TriQuint announced plans to merge operations creating a company that will surpass the current market leader, Skyworks, in the supply of advanced semiconductor products. The Strategy Analytics Advanced Defense Systems (ADS) service report, "TriQuint-RFMD Merger Solidifies Semiconductor Market Share Lead in Defense Sector," provides analysis on this deal and outlines the market share that the new company will command.

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Click here for the report: https://www.strategyanalytics.com/default.aspx?mod=reportabstractviewer&a0=9466

On February 24th, RFMD and TriQuint announced a definitive merger agreement under which the companies will combine in an all-stock transaction.

• Designed to be a merger of equals, the new company ("NewCo") will have a new name and shared leadership team.
• Both companies have an extensive portfolio of capabilities in the areas of advanced semiconductor process technologies such as gallium arsenide (GaAs) and gallium nitride (GaN).
• The combination will collate these complementary capabilities and enable the new company to successfully pursue defense market opportunities.

"In the area of Defense, TriQuint has been a leading supplier of semiconductor technologies, for example, military radar systems used on fast-jets including the F-15, F-22 and F-35. The company also holds US DoD Trusted Source accreditation," noted Eric Higham, North American Director for ADS. "RFMD has ongoing activity in the aerospace and defense sectors with products targeting radar, communications and electronic warfare applications."

"The combined infrastructure and defense unit can achieve potential revenues of around $500 million. Strategy Analytics' own estimates indicate that the new company's defense revenues will account for up to 25 percent of this unit revenue," noted Asif Anwar, Director of the ADS service. "As a GaAs and GaN semiconductor technologies supplier, we believe TriQuint holds the number one position in the defense space, and the combined TriQuint-RFMD entity will cement this position extending a lead over contemporaries in this area such as Cree, Hittite and MACOM Technologies."

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com 

European Contact: Asif Anwar, +44(0)-1908-423-635, aanwar@strategyanalytics.com

US Contact: Eric Higham, +1-617-614-0721, ehigham@strategyanalytics.com