North Texas 'Fabless' Semiconductor Company ENGIN‑IC Acquired by MACOM
Plano-based ENGIN-IC has been acquired by Lowell, Massachusetts-based MACOM Technology Solutions Holdings, a supplier of semiconductor products.
ENGIN-IC is a fabless semiconductor company that designs advanced Gallium Nitride monolithic microwave integrated circuits (MMICs) and integrated microwave assemblies. The company also has a location in San Diego, California.
MACOM said it expects that ENGIN-IC's design capabilities will strengthen MACOM's ability to serve its target markets and gain market share.
"MACOM's talented team and growth strategies align well with ENGIN-IC's strengths, and we look forward to all that we can accomplish together," Stephen Nelson, ENGIN-IC co-founder and chief technology officer, said in a statement. "We're excited to be a part of MACOM's efforts to lead the industry in GaN semiconductor processes and products."
While terms of the deal were not disclosed, MACOM said the transaction was funded with cash-on-hand and is expected to have an immaterial impact to MACOM's near-term financial performance.
Founded in 2014, ENGIN-IC has focused on the defense industry
Founded in 2014 by industry veterans, ENGIN-IC said it has focused on serving the U.S. defense industry since its inception.
The company was self-funded and utilized small business innovative research contracts, Department of Defense research projects and custom integrated circuit development projects for defense prime contractors to build industry leading products.
ENGIN-IC's product portfolio includes over 60 standard MMICs and many more custom MMICs, including high efficiency power amplifiers, integrated transmit/receive chips, phase-shifters, time delay units, mixers and modulators, as well as S- to K-band switched filter bank modules and L- to K-band transmit/receive modules.
"We're excited to welcome the ENGIN-IC team to MACOM," Stephen G. Daly, MACOM president and CEO, said in a statement. "ENGIN-IC's exceptional wideband and high efficiency MMIC and module design expertise will enable us to better support our mutual customers."
MACOM designs and manufactures high-performance semiconductor products for the telecommunications, industrial and defense and datacenter industries. The company services over 6,000 customers annually with a broad product portfolio that incorporates RF, microwave, analog and mixed signal and optical semiconductor technologies.
