SCT Wolfspeed selling RF business to MACOM for $125m

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SCT Wolfspeed selling RF business to MACOM for $125m

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Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide materials as well as silicon carbide (SiC) and gallium nitride (GaN) power-switching & RF semiconductor devices — has agreed to sell its radio frequency business (Wolfspeed RF) to MACOM Technology Solutions Inc of Lowell, MA, USA (which designs and makes RF, microwave, analog and mixed-signal and optical semiconductor technologies) for about $75m in cash (subject to a customary purchase price adjustment) plus 711,528 shares of MACOM common stock, valued at $50m based on its 30 trading day average through 21 August...

Source: https://www.semiconductor-today.com/new ... 0823.shtml
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