Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize system power, announced that it has closed a transaction to sell selected assets of its RF Group to ANADIGICS, Inc., for cash.
The RF Group assets include licenses to intellectual property, customer and vendor lists, equipment and selected leases. ANADIGICS has hired 23 RF design and engineering professionals from the RF Group and will maintain the design center in Massachusetts. As part of the transaction, ANADIGICS has agreed to assist Fairchild transition out of the RF business by providing both business and technical support for a period of time.
The divestiture of the RF Group and assets allows Fairchild to more sharply focus its resources on the design and manufacturing of power semiconductor products that drive energy efficiency in the communications, computing, industrial, ultra portable and automotive market segments, and analog and mixed-signal products for signal path applications in ultra portable segments. Fairchild expects the hiring by ANADIGICS, an industry leader in power amplifiers for wireless and broadband applications, of the RF employees will provide the employees and ANADIGICS with new growth opportunities. The transaction is not expected to have a material impact on Fairchild’s financial statements.
About Fairchild Semiconductor
Fairchild Semiconductor (NYSE: FCS) is the global leader in power analog and power discrete technologies delivering energy-efficient solutions for all electronic systems. Recognized as The Power Franchise(R), Fairchild provides leading-edge silicon and packaging technologies, manufacturing strength and system expertise. In 2007, Fairchild celebrates its “50/10″ anniversary, commemorating 10 years as a new company and 50 years in the industry. Known as the “Father of Silicon Valley,” Fairchild developed the planar transistor in 1958––and with it a new industry. Today, Fairchild is an application-driven, solution-based semiconductor supplier providing online design tools and design centers worldwide as part of its comprehensive Global Power Resource(SM).