GREENSBORO, N.C.-RF Micro Devices Inc. (RFMD), provider of radio frequency integrated circuits, has completed its acquisition of Bluetooth solution provider Silicon Wave Inc.
RFMD expects the acquisition to expand its total addressable market and strengthen its leadership position in the mobile handset market. To that end, the company said it is increasing volume production of Silicon Wave’s Bluetooth components for handsets manufactured by a “tier-one handset maker.”
“We believe our combined strengths and unique technology place us in an extremely strong position to capture growth in the explosive Bluetooth market, which industry research forecasts will grow more than six-fold over the next three years,” said Frank Morese, vice president of RFMD’s wireless connectivity business unit. “We expect revenue from our Bluetooth solutions will increase significantly in fiscal 2005 through continued strong design traction within the handset, headset, PC peripheral and consumer electronic device markets.”
