MACOM Expands IC Design Expertise With Acquisition Of ENGIN-IC

Lowell, MA, -- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, announced today that it has acquired ENGIN-IC, Inc. (“ENGIN-IC”), a fabless semiconductor company that designs advanced Gallium Nitride (“GaN”) monolithic microwave integrated circuits (“MMICs”) and integrated microwave assemblies located in Plano, Texas and San Diego, California. It is expected that ENGIN-IC’s design capabilities will strengthen MACOM’s ability to serve its target markets and gain market share. 

Founded in 2014 by industry veterans, ENGIN-IC has focused on serving the U.S. defense industry since its inception. The company was self-funded and utilized small business innovative research (SBIR) contracts, Department of Defense (DoD) research projects and custom integrated circuit (“IC”) development projects for defense prime contractors to build industry leading products. Its product portfolio includes over 60 standard MMICs and many more custom MMICs, including high efficiency power amplifiers, integrated transmit/receive chips, phase-shifters, time delay units (TDUs), mixers and modulators, as well as S- to K-band switched filter bank modules and L- to K-band transmit/receive modules.

“We are excited to welcome the ENGIN-IC team to MACOM,” said Stephen G. Daly, MACOM President and Chief Executive Officer. “ENGIN-IC's exceptional wideband and high efficiency MMIC and module design expertise will enable us to better support our mutual customers.”

“We are thrilled to join the MACOM team,” said Stephen Nelson, ENGIN-IC Co-Founder and Chief Technology Officer. “MACOM’s talented team and growth strategies align well with ENGIN-IC’s strengths, and we look forward to all that we can accomplish together. We are excited to be a part of MACOM’s efforts to lead the industry in GaN semiconductor processes and products.”

The transaction was funded with cash-on-hand and is expected to have an immaterial impact to MACOM’s near-term financial performance.

About MACOM
MACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense and Datacenter industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and is headquartered in Lowell, Massachusetts. To learn more visit www.macom.com.