Agreement to Acquire Peak Devices, Inc.
Thu, 08/30/2007 - 5:25am
TriQuint Semiconductor announces that it has entered into a definitive agreement to acquire Peak Devices, Inc. of Boulder, Colorado, in a cash transaction expected to close within the quarter. Peak Devices is a privately held, fabless semiconductor company with a highly experienced RF team that focuses on RF discrete transistor technology. Its market segments include 2-Way Communications, FM and Television Broadcast, Telecommunications, Avionics, Radar, and Military. TriQuint Chief Executive Officer Ralph Quinsey stated that "Peak has developed proprietary semiconductor technology that has broad application across multiple markets. With this technology, a single wide bandwidth amplifier may replace complex high power multiplexer-combined-amplifiers. This is a technology that has exciting potential." Quinsey explained that "to replace multiple amplifiers, optimized for various frequency bands and modulation schemes, with a single device has long been a goal of our industry. This is a technology that can truly enable the software definable radio.