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EE Times-India > Manufacturing/Packaging

Atheros buys fabless semicon company

Posted: 23 Jul 2010     Print Version  Bookmark and Share

Keywords:Ethernet  PON  MUX 

In a deal valued at Rs.336.23 crore ($72 million), Atheros Communications Inc. will acquire Opulan Technologies Corp., a privately-held Chinese fabless semiconductor company specialising in solutions for passive optical networking (PON) and broadband access aggregation (MUX). It has signed a definitive agreement to that effect.

Atheros' line of Ethernet switching solutions will complement Opulan's 1G/10G EPON (Ethernet PON) and MUX product portfolio.

With the acquisition of Opulan, Atheros gains 111 employees located in Shanghai and Beijing, China. Under the terms of the agreement, Atheros will pay Opulan shareholders approximately $72 million in cash, and may pay additional cash to Opulan shareholders subject to the attainment of earn-out objectives applicable to the acquired business during a 12-month period following the closing date.

The transaction, which is expected to close in the third quarter of 2010, remains subject to regulatory requirements and other customary closing conditions. The acquisition has been approved by the board of directors of each company and a majority of Opulan's shareholders have consented to the transaction.

Atheros also posted its results. Revenue in the second quarter of 2010 was a record Rs.1,112.35 crore ($238.2 million), up 11 per cent compared to Rs.1,002.61 crore ($214.7 million) reported in the first quarter of 2010. Second quarter 2010 revenue increased 112 per cent compared to Rs. 523.95 crore ($112.2 million) reported in the second quarter of 2009.

- Mark LaPedus
EE Times

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