GREENSBORO, N.C.—RF Micro Devices Inc. said it plans to sell its equity interest in Jazz Semiconductor for between $24 million and $27 million in cash.
The company is divesting its interest in Jazz due to the pending merger of Jazz with a subsidiary of Acquicor Technology Inc. The merger is expected to close during the first quarter.
RFMD and Jazz have worked together for nearly five years on silicon process technologies for cell phones.
