Murata Electronics North America Inc, a subsidiary of Murata Manufacturing Co Ltd of Kyoto, Japan has acquired all outstanding shares of Peregrine Semiconductor Corp of San Diego, CA, USA for $12.50 per share.
Peregrine will continue to market its high-performance, integrated RF solutions under the Peregrine brand, as a subsidiary of Murata Electronics North America Inc. Peregrine solutions leverage the UltraCMOS technology platform, a patented form of silicon-on-insulator (SOI) that delivers the monolithic integration and performance needed to solve tough RF challenges. Peregrine will continue to offer its integrated RF solutions to markets such as communications (mobile, wireless infrastructure, land mobile radio, broadband and wireless), industrial (test & measurement, automotive, Internet of Things) and aerospace. With the close of the acquisition, Murata gains Peregrine’s intellectual property portfolio, which contains over 180 filed and pending patents.
“With this acquisition, we combine Murata’s world-leading mobile RF module capabilities with Peregrine’s best-in-class RF products,” says Norio Nakajima, executive VP & director of Murata’s Communication business unit. “We are eager to leverage Peregrine’s innovations, such as the industry’s first reconfigurable RF front-end system UltraCMOS Global 1, and expand the Murata business into all the markets that Peregrine currently offers RF solutions,” he adds.
“After years of a successful partnership, we are happy to become a part of the Murata team,” says Peregrine’s president & CEO Jim Cable PhD. “Murata already has deep relationships and trust built in all of our target markets,” he adds. “In the case of mobile, it will speed the industry’s transition to an integrated, all-CMOS RF front-end.”
