MACOM to acquire Wolfspeed's RF business for $125M; expects ~$150M annual revenue

MACOM Technology Solutions Holdings, Inc.

Total consideration of $125M: $75M cash at close plus $50M in MACOM common stock (711,528 shares).
RF business generates ~$150M annualized revenue; expected immediately accretive to non-GAAP EPS.
Acquisition includes 100mm GaN-on-SiC fab in RTP, design teams, over 1,400 patents, ~280 employees.
Closing expected H2 2023, subject to HSR antitrust clearance and other customary conditions.
RTP Fab operations to transfer to MACOM ~2 years post-close; Wolfspeed will supply wafers until then.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MACOM Technology Solutions Holdings, Inc. entered into Asset Purchase Agreement with Wolfspeed, Inc. valued at $75,000,000 payable in cash and 711,528 shares of the Company's common stock, which was determined b (effective 2023-08-22).

Action: entry
Agreement: asset purchase
Counterparty: Wolfspeed, Inc.
Value: $75,000,000 payable in cash and 711,528 shares of the Company's common stock, which was determined b
Effective: 2023-08-22

Exact text from the filing

On August 22, 2023, MACOM Technology Solutions Holdings, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Wolfspeed, Inc. (the “Seller”).

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MACOM Technology Solutions Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493594-23-000060

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