MACOM Expands IC Design Expertise with Acquisition of ENGIN-IC
Founded in 2014 by industry veterans, ENGIN-IC has focused on serving the
“We are excited to welcome the ENGIN-IC team to MACOM,” said
“We are thrilled to join the MACOM team,” said
The transaction was funded with cash-on-hand and is expected to have an immaterial impact to MACOM’s near-term financial performance.
About MACOM
MACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense and Datacenter industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across
About ENGIN-IC
ENGIN-IC, located in
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on MACOM management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include, among others, statements about the potential market opportunity resulting from the acquisition of ENGIN-IC, ENGIN-IC’s capabilities and technology, MACOM’s ability to better address certain markets, expand its capabilities and extend its product offerings and the potential financial benefits derived by and financial impact to MACOM from the acquisition. These forward-looking statements reflect MACOM’s current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those indicated by the forward-looking statements, including, among other things, risks related to the ability of MACOM to realize the anticipated benefits of the transaction; our ability to develop new products and achieve market acceptance of those products; component shortages or other disruptions in our supply chain, including as a result of geopolitical unrest or otherwise; inflationary pressures; any failure to accurately anticipate demand for our products and effectively manage our inventory; our dependence on a limited number of customers; risks related to any weakening of economic conditions; our ability to compete effectively; and those other factors described in “Risk Factors” in MACOM’s filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106597662/en/
Company Contact:
Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: stephen.ferranti@macom.com
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