Hittite Microwave designs and manufactures integrated circuits, modules, subsystems and instrumentation for RF, microwave and millimeter wave applications. ADI is paying $78 per share in cash in the deal, which values Hittite at approximately $2 billion.
“Hittite's strength in RF, microwave, and millimeter wave technology complements ADI’s RF and signal conversion expertise,” said Vincent Roche, ADI President and CEO. “Our combined capabilities will enable us to bring more complete solutions to our customers and address more of the industrial, communications infrastructure, and automotive markets.”
Hittite Microwave addresses applications include cellular, optical, and satellite communications, as well as medical and scientific imaging, industrial instrumentation, aerospace, and defence electronics. With almost 30 years of experience and innovation, Hittite has a expertise in analogue, digital and mixed-signal semiconductor technology, from the device level to the design and assembly of complete subsystems.
Analog Devices; www.analog.com