© mailthepic dreamstime.com Components | May 14, 2019
AmpliTech Group to buy Specialty Microwave
AmpliTech Group (AMPG) has signed an agreement to acquire the business assets of Specialty Microwave Corp. (SMW), a privately held company based in nearby Ronkonkoma NY.
According to a press release, the purchase will include all business assets of SMW, including all inventory, orders, customers, fixed assets, intellectual property, and all eight team members, for a total consideration of USD 2,050,000, plus the value of SMW’s inventory on hand on the day prior to the closing. The transaction is expected to close by the end of July 2019. In business for more than 30 years, SMW is a maker of microwave components, subsystems and specialized electronics, services some of the same customers as AMPG. SMW operates in adjacent and upstream areas to AMPG and utilizes AMPG components in some of its sub systems. It is expected that the transaction will offer AMPG the opportunity to move up the value chain with its customers by offering expanded products and solutions at higher average transaction values and margins. The physical proximity of SMW to AMPG also allows a merger of the production/engineering teams to occur with limited disruption and cost to AMPG, and AMPG expects to relocate its operations to SMW’s facilities as soon as its current lease expires. AMPG CEO Fawad Maqbool said, “We have known and respected Stephen and the team at SMW since we began our business channel partnership several years ago and are excited at the prospect of combining our engineering talent, our IP, and our products to the benefit of our expanded customer base. In addition, the combination of our resources will allow us to release new products that our customers need, further driving the value proposition that we offer.” Both companies will be present at the International Microwave Symposium (IMS) in Boston, to be held June 2-7.
MagnaChip Semiconductor to sell its foundry business and Fab 4 MagnaChip Semiconductor says that certain of its wholly-owned subsidiaries have entered into a definitive agreement to sell the company's Foundry Services Group and the factory in Cheongju (Fab 4), the larger of the company's two 8" manufacturing facilities.
Singulus Technologies temporarily reduces business operation Against the backdrop of the current situation related to the spread of COVID-19 and the resulting restrictions in private and business lives, Singulus Technologies is implementing short-time work at two of its German sites.
Kyocera to acquire Japan-based Showa Optronics Kyocera Corporation has entered into a share transfer agreement with NEC Corporation on March 25, 2020 to acquire all of NEC’s shares in Showa Optronics Co., Ltd., an optical components manufacturer.
Analog Devices withdraws second quarter outlook The economic and social effects caused by COVID-19 are currently creating supply chain disruption and uncertainty around future demand.
Movement control order restricts production for Renesas in Malaysia Due to a Movement Control Order announced by the Malaysian government, Renesas three production sites located in the country temporarily halted productions from March 18, 2020.
TTI remains operational during COVID-19 pandemic TTI, Inc. says it remains open following the guidelines mandated by local and federal governments during the COVID-19 coronavirus outbreak, with precautions in place to safeguard employees’ health.
Nokia completes acquisition of Elenion Technologies Nokia says it has completed its acquisition of U.S.-based supplier of silicon photonics technology, Elenion Technologies.
Nexperia CEO Frans Scheper retiring On March 24, 2020, Nexperia announced that CEO Frans Scheper has decided to take early retirement and will step down as Nexperia CEO and Management Board Member per March 25, 2020.
Intellitronix seeing interest from Ford Ohio-based Intellitronix Corporation, a subsidiary of US Lighting Group, has been invited by the Ford Motor Company to submit a proposal to design and manufacture an automotive electronics component for one of the automaker’s upcoming vehicles.
NEXT Biometrics receives additional order from government program in India NEXT Biometrics has received an additional order for UIDAI and STQC certified fingerprint biometric readers in India valued at USD 360,000. The customer has provided a 20% upfront payment and the readers have been delivered to the customer.
Elmos is planning short-time work Because of the global corona pandemic, Elmos Semiconductor AG is planning to introduce short-time work of up to 50%.
paragon reacts to production stoppages by carmakers paragon is set to take immediate action in response to moves by automotive manufacturers closing down their plants. The company is now reducing production at its automotive manufacturing sites in Germany to a minimum for the time being.
STMicro to temporarily cut 50% of French production The semiconductor company has reportedly agreed to temporarily reduce its production in France by up to 50% as the company works to stymie the spread of COVID-19.
The Infineon site in Villach is growing Infineon’s investment in a new automated chip factory and a research building at its site in Villach is making progress.
Panasonic eyes multi-use potential for PanaCIM Panasonic, in their push more deeply into smart manufacturing solutions, has partnered with MiR and Inovaxe to develop a handy helper: the PanaCIM Solutions Ecosystem.
Rutronik & Gowin inks distribution agreement for EMEA and NA Rutronik Elektronische Bauelemente GmbH is expanding its portfolio to include the Gowin Semiconductor Corp. product range.
Autotalks’ global V2X solution passes dual-band Wi-Fi pre-certification V2X (Vehicle-to-Everything) communication solutions provider, Autotalks, has successfully completed Wi-Fi 5 pre-certification for its evaluation kit based on its 2nd generation V2X chipset.
First Sensor names new CFO First Sensor AG has appointed Marcus Resch as the Chief Financial Officer of First Sensor AG effective March 14, 2020, for a period of three years.
TE Connectivity acquires majority share of First Sensor TE Connectivity has completed its public takeover of Berlin-based First Sensor AG. TE now holds 71.87% shares of the German company.Load more news