KYOTO, Japan and SAN DIEGO, Dec. 12,
2014 /PRNewswire/ -- Murata Electronics North America,
Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd.,
(TSE 6981) and Peregrine Semiconductor Corporation,
founder of RF silicon on insulator (SOI) and pioneer of advanced RF
solutions, today announce that Murata has acquired all outstanding
shares of Peregrine. The cash transaction paid the holders of
Peregrine common shares $12.50 per
share.
Peregrine (formerly NASDAQ: PSMI) will continue to market its
high-performance, integrated RF solutions under the Peregrine
brand, as a wholly owned subsidiary of Murata Electronics North
America, Inc. Peregrine solutions leverage the UltraCMOS®
technology platform, a patented, advanced form of
silicon-on-insulator (SOI) that delivers the monolithic integration
and superior performance necessary to solve the world's toughest 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 and measurement, automotive, Internet of Things)
and aerospace. With the close of this acquisition, Murata gains
Peregrine's strong intellectual property portfolio, which contains
over 180 filed and pending patents.
"Today, we deepen our existing partnership and officially
welcome Peregrine Semiconductor to the Murata family," says
Norio Nakajima, Executive Vice
President, Director of Communication Business Unit of Murata. "With
this acquisition, we combine Murata's world-leading mobile RF
module capabilities with Peregrine's best-in-class RF products.
We're 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. This acquisition further
defines our stance as an 'Innovator in Electronics'."
"After years of a successful partnership, we're happy to become
a part of the Murata team, the world's leading RF module and filter
provider," says Jim Cable, PhD,
President and CEO of Peregrine Semiconductor. "Murata already has
deep relationships and trust built in all of our target markets. We
believe we can offer their customer base exciting new RF
capabilities. With the reach of Murata products and the power
of our UltraCMOS technology, we believe we will change the course
of RF history. In the case of mobile, it will speed the industry's
transition to an integrated, all-CMOS RF front-end. Together, we're
looking forward to accomplishing great things."
Founded in 1944 in Kyoto,
Japan, Murata celebrated its 70th anniversary in
October. Murata has grown into a global enterprise composed of 101
companies in 23 nations. As an "Innovator in Electronics", Murata
designs, manufactures and supplies advanced electronic materials,
leading-edge electronic components and multi-functional,
high-density modules. Murata innovations can be found in a wide
range of applications from mobile phones to home appliances, and
automotive applications to energy management systems and healthcare
devices.
About Peregrine Semiconductor
Peregrine Semiconductor Corporation, a Murata company, is the
founder of RF silicon on insulator (SOI) and is a leading fabless
provider of high-performance, integrated RF solutions. Since 1988
Peregrine and its founding team have been perfecting UltraCMOS®
technology - a patented, advanced form of SOI - to deliver the
performance edge needed to solve the RF market's biggest
challenges, such as linearity. With products that deliver
best-in-class performance and monolithic integration, Peregrine is
the trusted choice for market leaders in automotive, broadband,
industrial, Internet of Things, military, mobile devices,
smartphones, space, test-and-measurement equipment and wireless
infrastructure. Peregrine holds more than 180 filed and pending
patents and has shipped over 2 billion UltraCMOS units. For more
information, visit http://www.psemi.com.
About Murata Americas (www.murataamericas.com)
Murata Americas regional headquarters is Murata Electronics
North America, Inc., a wholly owned subsidiary of Murata
Manufacturing Co., Ltd., whose global headquarters are in
Kyoto, Japan. Murata Americas is
the organization responsible for the regional management of the
Murata companies located in North and South America. Murata
Americas serve as the regional and functional headquarters
supporting our customers' engineering and procurement activities
throughout the Americas.
About Murata
Murata Manufacturing Co., Ltd. is a worldwide leader in the
design, manufacture and sale of ceramic-based passive electronic
components & solutions, communication modules and power supply
modules. Murata is committed to the development of advanced
electronic materials and leading edge, multi-functional,
high-density modules. The company has employees and manufacturing
facilities throughout the world. For more information, visit
Murata's website at www.murata.com.
Murata Manufacturing Co., Ltd. Contacts:
Takumi Ikushima, Public Relations
Manager +81 75 955 6786
Junko Matsumura for Press: +81 75
955 6786
Harumi Sekiguchi for Press:
+81 75 955 6786
Peregrine Semiconductor Contacts:
Jackie Townsend for Press: +1 619
247-3569; jtownsend@psemi.com
Kimberly Stoddard for Press: +1
415 806-5793; kimberly@townsendteam.com
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SOURCE Peregrine Semiconductor Corp.
