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Qorvo Takes Strategic Stake in MEMS Vendor Cavendish
2015-08-28 20:30:00| Electronics - Topix.net
RF MEMS switch vendor Cavendish Kinetics Ltd. has raised $36 million in a Series-F round of financing that includes a $25 million stake taken by RF component company Qorvo Inc. through its subsidiary TriQuint Inc. The deal with Qorvo and TriQuint includes the terms under which Cavendish has granted TriQuint the exclusive right, but not the obligation, to acquire Cavendish with an option period lasting until June 30, 2017 or until 60 days after a certain undisclosed product enters pre-production, which ever is sooner. Qorvo Inc. was formed by the merger of two wireless semiconductor companies RF Micro Devices Inc. and TriQuint Inc. - which came into effect on Jan. 1, 2015.
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Category:Electronics and Electrical