Click here to close now.

SYS-CON MEDIA Authors: Elizabeth White, VictorOps Blog, Tim Hinds, Mike Kavis, Peter Silva

News Feed Item

GigOptix, Inc. to Acquire Tahoe RF Semiconductor, Inc.

GigOptix, Inc. (NYSE MKT: GIG), a leading supplier of advanced high speed semiconductor components for use in long-haul, metro, Cloud connectivity, data centers, consumer electronics links and interactive applications, through optical and wireless communications networks, today announced that it has signed a definitive agreement to acquire for cash only, by way of assuming specified liabilities, substantially all of the assets of Tahoe RF Semiconductor, Inc., a provider of innovative, leading-edge RF/analog RFICs, IPs, and fully integrated systems and subsystems on a chip. This acquisition is expected to close on Monday, June 30th, 2014, which is the first day of GigOptix’s third quarter of fiscal 2014, and at that time, all of Tahoe RF’s team of engineers will become employees of GigOptix.

"I am happy about the acquisition of Tahoe RF which brings to GigOptix a solid team of very experienced RF engineers and a rich portfolio of proven silicon IP into our RF and Wireless product line,” said Dr. Avi Katz, Chairman and Chief Executive Officer of GigOptix, Inc. "The acquisition of Tahoe RF is one more step in our continuous quest to strengthen our industry leading RF engineering team, and enable GigOptix to address increasing aggregate data bandwidth demand through our optimized Monolithic Microwave IC (MMIC) products targeted at point-to-point wireless backhaul applications. The acquisition also puts us in an excellent position to expand into adjacent RF and wireless market opportunities, including consumer and high volume enterprise applications, such GPS devices.”

Expanding Wireless Product Line Offerings

Tahoe RF brings an extensive silicon-proven customizable IP library to GigOptix, including radio frequency front-ends, low-power transmitters, direct conversion receivers, low noise amplifiers, and fractional-N frequency synthesizers, additionally to automatic gain control and RF receiver patents.

“To support the strong RF and wireless chipset demand that we have seen so far this year, we have acquired Tahoe RF to further expand our Wireless Product Line engineering team,” said Dr. Raluca Dinu, Vice President and General Manager of the High-Speed Communications division at GigOptix, Inc. “GigOptix is trailblazing a path to providing a rich RF and wireless roadmap for the industry, striving for leading performance, increased integration, while delivering lower costs. Crafted together with Tahoe RF team, our updated RF and wireless products roadmap is available to our partners now. We are looking forward to providing our customers with the newest chipsets in the point to point wireless backhaul and adjacent markets as early as this year.”

E-Band radios shipments by GigOptix are expected to grow to 6,000 per month with total shipments in 2014 in excess of 50,000 radios, driven by the deployment of LTE cellular infrastructure in support of the ever growing demand for mobile data for smartphones. The deployment of small cells, addressed by V-Band devices, 60GHz band, is expected to be one order of magnitude greater than regular cells in urban areas and the demand for V-band radios is expected to accelerate in the next two years with volumes at much higher than E-Band.

According to EJL Wireless Research’s 10th Edition (April 2014) of the Global Digital PTP Radio Market Analysis and Forecast, 2014-2018 forecasts the global point-to-point 1 Gbps high capacity radio volumes to grow in the 60GHz and 70/80GHz bands. At 60GHz Ethernet 1 Gbps high capacity radio shipments are forecasted to grow from over 1,000 in 2014 to over 89,000 in 2018. At 70/80GHz Ethernet 1 Gbps high capacity radio shipments are forecasted to grow from over 42,000 in 2014 to over 136,000 in 2018. For sales inquiries please contact [email protected].

Strong RF and Wireless Expertise

“I am pleased to welcome Irshad Rasheed and his team to the GigOptix family. Irshad joins GigOptix as Director of Marketing for RF and Wireless Product Line within the High Speed Communications business unit. The knowledge and IP that accompany Irshad and the Tahoe RF team will be applied to extend GigOptix’ wireless product portfolio from E-band to adjacent operating radio frequencies such as V-Band and others. As such, GigOptix is also uniquely positioned to become a dominant supplier in the V-band chipsets based on our specialized core skills, leading RF performance, and disruptive roadmap,” said Dr. Dinu. “With the RF and wireless expertise we are acquiring from Tahoe RF, the RF and Wireless product line is in an excellent position to expand into new emerging markets.”

Forward-Looking Statements

This press release contains forward-looking statements of GigOptix within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including bringing of products to market with full documentation. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology, and include (without limitation) statements regarding the plans for GigOptix, new product development and introduction, product sales growth and projected revenues. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks include, but are not limited to: whether the acquisition closes as planned, the ability to successfully integrate Tahoe RF into GigOptix and expand the product offerings and customers from such acquisition, the ability to grow product sales, the ability to extend product offerings into new areas or products, the ability to commercialize technology, unexpected occurrences that deter the full documentation and "bring to market" plan for products, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, unpredictability of suppliers, the ability to move product sales to production levels, the ability to compete for client design-in opportunities, the ability to cross-sell to new clients and to diversify, the success of product sales in new markets or of recently produced product offerings, including bundled product solutions, and the ability of GigOptix in furtherance of its operational objectives. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the GigOptix' filings with the SEC, and in its other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to GigOptix as of the date hereof, and GigOptix assumes no obligation to update any forward-looking statement.

About GigOptix, Inc.

GigOptix is a leading fabless supplier of high speed semiconductor components that enable end-to-end information streaming over optical and wireless networks. The products address long haul and metro telecom applications as well as emerging high-growth opportunities for Cloud and data centers connectivity, and interactive applications for consumer electronics. GigOptix offers a unique broad portfolio of drivers and TIAs for 40Gbps, 100Gbps and 400Gbps fiber-optic telecommunications and data-communications networks, and high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz.

GigOptix also offers a wide range of digital and mixed-signal ASIC solutions in a wide range of technology geometries from 28nm to 0.6um, and enables a complete product life cycle support form swift introduction of new product through its ASIC SunriseTM program to extension of legacy products through its GigOptix Sunset RescueTM program.

About Tahoe RF Semiconductor, Inc.

Tahoe RF Semiconductor is a full service turnkey provider of innovative, leading-edge supplier of RF/analog RFICs, IPs and fully integrated systems and subsystems on a chip. Tahoe RF specializes in developing RFICs and fully integrated systems and subsystems on a chip. Tahoe RF delivers fully-tested, custom production silicon. Tahoe RF has a rich library of silicon proven IP cores and solutions, which can be leveraged to create optimized integrated subsystems and systems.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add sc...
Data-intensive companies that strive to gain insights from data using Big Data analytics tools can gain tremendous competitive advantage by deploying data-centric storage. Organizations generate large volumes of data, the vast majority of which is unstructured. As the volume and velocity of this unstructured data increases, the costs, risks and usability challenges associated with managing the unstructured data (regardless of file type, size or device) increases simultaneously, including end-to-...
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, includin...
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
The excitement around the possibilities enabled by Big Data is being tempered by the daunting task of feeding the analytics engines with high quality data on a continuous basis. As the once distinct fields of data integration and data management increasingly converge, cloud-based data solutions providers have emerged that can buffer your organization from the complexities of this continuous data cleansing and management so that you’re free to focus on the end goal: actionable insight.
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon...
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics arc...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mo...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to mak...
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data th...
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understand...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, includin...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...