Semiconductor maker Mindspeed Technologies has been a prominent name in wireless communications since the earliest days of heterogeneous networks (HetNets). Now, the small-cell-focused company has become part of MACOM. MACOM has completed a tender offer to purchase all outstanding shares of Mindspeed Technologies. Common stock shares went for $5.05 per share in cash.
Download this article in .PDF format
This file type includes high resolution graphics and schematics when applicable.
MACOM hopes that this acquisition will bolster its standing in the market for high-performance-analog (HPA) solutions for high-speed networking and enterprise applications. Mindspeed’s portfolio includes: baseband processors, carrier Ethernet devices, optical laser drivers, customer-premise-equipment (CPE) processors, serial-digital-interface (SDI) cable drivers, and legacy devices, among others.
In November 2013, Mindspeed announced clock and data recovery (CDR) devices that support data rates to 28 Gb/s. The M37049 four-channel CDR supports data rates over multiple standards including 100G Ethernet, InfiniBand enhanced data rate (EDR), 32G Fiber Channel, and optical transport network (OUT-4). Together with Avago Technologies, Mindspeed also demonstrated a 12-channel, ultra-high-definition serial-digital-interface (UHD-SDI) solution targeting 8K UHDTV broadcast-video applications. The real-time uncompressed 8K video ran at 120 fps over a 100-m optical-fiber cable.
MACOM plans to leverage Mindspeed’s high-margin HPA portfolio in order to grow its market share. At the time of the tender offer’s expiration, 30,773,328 shares were validly tendered—representing approximately 70.1% of Mindspeed’s outstanding shares. An agreement was also announced that Mindspeed’s wireless-infrastructure business will be divested to Intel Corp. As a result of the merger, Mindspeed’s common stock will no longer be listed and traded on the NASDAQ global market.