II-VI Inc sells certain RF assets of Anadigics for $45m
posted on
Jun 16, 2016 02:51PM
I know this was brought up last week, but this article was dated June 15th. I found the last line interesting.
http://www.semiconductor-today.com/news_items/2016/jun/iivi_150616.shtml
"The Anadigics RF assets have been sold for $45m in cash plus a $5m earn-out over 18 months (conditional on certain performance levels), coupled with various support and multi-year wafer processing supply agreements with the purchaser. II-VI intends to use the retained Anadigics GaAs fab for fabricating optoelectronics components such as vertical-cavity surface-emitting lasers (VCSELs).
II-VI notes that, as the total addressable market (TAM) for VCSELs is forecasted to grow from $0.8bn in 2015 to $2bn by 2020, it is ramping up its optoelectronics manufacturing capacity, with significant volume expected in second-half 2017."
Bold is mine.