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MaxLinear closes NanoSemi takeover
Posted on Friday, 11 September 2020 12:50
New York-listed integrated circuits provider MaxLinear has acquired NanoSemi, a provider of linearisation and signal correction technology.

Under the terms of the transaction, the buyer is paying USD 10.00 million in cash and issuing 804,163 shares as consideration.

Further deferred cash payments totalling USD 35.00 million will also be due in 2021, while a USD 35.00 million earnout may also be due, subject to certain unspecified financial targets being met.

The parties believe their combination will enable clients to reduce the time and resources which are needed in order to bring new wireless product to market.

Kishore Seendripu, MaxLinear chief executive, said: “Together with our silicon solutions, we can offer a leading portfolio of products to our wireless systems customers which, in turn, can enable meaningful capital expenditure and operating expense benefits to wireless operators.”

His counterpart at Boston-headquartered NanoSemi, Helen Kim, added: “This transition will enable us to serve more customers with our technology and to further accelerate our pace of innovation in the 5G area.

“Our joint solutions will dramatically reduce the enormous amounts of power consumed by 5G systems today.”

NanoSemi spun out of the Massachusetts Institute of Technology in 2014 and makes technology which enables higher throughout connections for 5G and WiFi base stations and smartphones while simultaneously reducing energy consumption.

MaxLinear is no stranger to the acquisition trail; according to Zephyr, the M&A database published by Bureau van Dijk, this is its second buyout to have been announced in 2020.

The first closed in July, when it picked up Intel’s connected home division for USD 150.00 million.

Prior to that, its most recent acquisition was in April 2017, when it signed on the dotted line to pay USD 5.00 million in cash for ViXS Systems’ Multimedia over Coaxial Alliance business.

© Zephus Ltd