other material
confidence high
sentiment positive
materiality 0.75
MACOM sells Ampere stake for $127.7M cash; expects substantial gain
MACOM Technology Solutions Holdings, Inc.
- Sold entire non-controlling equity interest in Ampere (under 10%) to an Oracle affiliate on Dec 23, 2021.
- Cash consideration of approx. $127.7M, a predetermined fixed price set in 2017.
- Carrying value of investment was $12.8M as of Oct 1, 2021, implying a large gain.
- Gain will be recognized in fiscal Q1 ending Dec 31, 2021.
- Ampere was formed in 2017 when MACOM divested its ARM-based compute processor business.