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Wolfspeed, Inc. (NYSE: WOLF) completed the sale of its radio frequency business to MACOM Technology Solutions Holdings, Inc. for approximately $75 million in cash and 711,528 shares of MACOM common stock. The sale marks the company's transformation into the only pure-play silicon carbide semiconductor manufacturer in the industry, allowing it to focus on innovation and capacity for its materials and power device businesses. Wolfspeed continues to drive the industry transition to silicon carbide with ongoing capacity expansion, including the final build-out of the Mohawk Valley Fab in New York and construction of the John Palmour Manufacturing Center in North Carolina.
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-0.36%
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MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has completed the acquisition of the radio frequency business of Wolfspeed, Inc. The RF Business is highly complementary to MACOM’s portfolio and creates a compelling combined technology solution.
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MACOM Technology Solutions Holdings, Inc. (MTSI) announces the passing of John Ocampo, Chairman of the Board. John was a co-founder of GaAs Labs and Sirenza Microdevices, Inc., a Nasdaq-listed supplier of RF semiconductors and components. His contributions to the semiconductor industry, educational institutions, and charitable organizations are deeply mourned by the company and the industry.
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1.7%
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MACOM Technology Solutions Holdings, Inc. (MTSI) announced its fiscal Q4 and fiscal year 2023 financial results. Revenue for Q4 was $150.4 million, a 15.6% decrease YoY, with a 57.6% gross margin. Net income was $24.5 million, or $0.34 per diluted share. Adjusted gross margin was 60.1%, with adjusted net income of $40.1 million, or $0.56 per diluted share. For fiscal year 2023, revenue was $648.4 million, a 4.0% decrease YoY, with a gross margin of 59.5%. Net income was $91.6 million, or $1.28 per diluted share. The company expects Q1 2024 revenue in the range of $149-153 million.
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-0.82%
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MACOM Technology Solutions Holdings, Inc. plans to announce financial results for its Q4 and fiscal year ended September 29, 2023, on November 9, 2023. A conference call will be held at 8:30 a.m. ET on the same day.
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-1.79%
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MACOM expands its portfolio with a 227 Gbps per lane copper cable equalizer device that extends twinax copper cable reach, enabling longer 1.6 Tbit copper cable assemblies. The new linear equalizers more than double the reach of copper cables, benefiting high-performance computing and AI high density cluster applications. MACOM's MAEQ-40904 is currently sampling and will be demonstrated at ECOC 2023.
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MACOM Technology Solutions Inc. will showcase new products and capabilities at the European Conference on Optical Communications (ECOC). Live demonstrations of 200Gbps/lane optical links and 200Gbps/lane copper cables will be featured. Attendees can learn more about MACOM's newest products and broad portfolio at Booth #704.
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2.81%
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MACOM Technology Solutions Inc. will host live demonstrations at European Microwave Week 2023 in Berlin, Germany. Attendees can learn about MACOM's new 70nm mHEMT and 100 nm GaN process technologies. The company will showcase various high-performance products and capabilities. Visit Booth #305C for more information.
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MACOM Technology Solutions Holdings, Inc. is set to acquire the RF Business of Wolfspeed, Inc. for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. The acquisition is expected to be immediately accretive to MACOM's non-GAAP earnings. The RF Business generated annualized revenues of approximately $150 million and serves leading aerospace, defense, industrial, and telecommunications customers. The acquisition includes a GaN wafer fabrication facility, design teams, product development assets, and intellectual property portfolio. Approximately 280 employees are expected to join MACOM at closing. The transaction is subject to closing conditions and is expected to occur in the second half of calendar year 2023.
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7.21%
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Wolfspeed to sell its radio frequency business to MACOM Technology Solutions for $75 million in cash and 711,528 shares of MACOM common stock. Wolfspeed will focus on U.S. capacity expansion for silicon carbide power device and materials businesses.
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Rhea-AI Sentiment
End-of-Day
7.21%
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MACOM Technology Solutions Holdings, Inc
NYSE:MTSI
MTSI Rankings
MTSI Stock Data
7.41B
56.88M
22.65%
81.8%
6%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
LOWELL
About MTSI
macom is a new breed of analog semiconductor company—one that delivers a unique combination of high growth, diversification and high profitability. we are enabling a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information. today, macom powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. our technology increases the speed and coverage of the mobile internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and data centers. keeping us all safe, macom technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield. macom is the partner of choice to the world’s leading communications infrastructure and a