Tuesday, June 2, 2009

Axiom Microdevices Acquired By Skyworks

Irvine-based Axiom Microdevices, a venture backed developer of CMOS power amplifiers for mobile phones, has been acquired by Masachusetts-based Skyworks Solutions. Financial terms of the acquisition were not disclosed. According to Skyworks, the acquisition will have "no significant impact" on its operating expenses. Skyworks said that the acquisition will complement its existing GaAs capbilities. Axiom Microdevices was venture backed by U.S. Venture Partners, Tallwood Venture Capital, Anthem Venture Partners, and VentureTech Alliance. The firm had raised around $40M in venture capital since 2003.

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