MACOM Technology Solutions
{{Short description|American semiconductor manufacturer}}
{{Infobox company
| name = MACOM Technology Solutions Holdings, Inc.
| logo = MACOM logo.svg
| former_name = Microwave Associates, Inc.
M/A-COM Technology Solutions{{cite web|url=https://biz.yahoo.com/e/160602/mtsi8-k.html|title=Form 8-K for MACOM Technology Solutions Holdings, Inc. |publisher=Yahoo! Finance |date=June 2, 2016|access-date=September 27, 2016}}
| type = Public
| traded_as = {{ubl|{{NASDAQ|MTSI}}|S&P 400 component}}
| founded = {{Start date and age|1950}}
| hq_location = {{nowrap|Lowell, Massachusetts, U.S.}}
| key_people = Stephen G. Daly (chairman, CEO and president){{cite web|url=https://ir.macom.com/news-releases/news-release-details/macom-announces-stephen-g-daly-president-and-chief-executive|title=MACOM Announces Stephen G. Daly as President and Chief Executive Officer |publisher=MACOM Press Release|accessdate=June 3, 2024}}
| num_employees = 1,700 (2024)
| revenue = {{increase}} {{US$|730 million|link=yes}} (2024)
| operating_income = {{decrease}} US$73.7 million (2024)
| net_income = {{decrease}} US$76.9 million (2024)
| assets = {{increase}} US$1.76 billion (2024)
| equity = {{increase}} US$1.13 billion (2024)
| industry = Technology
| products = Semiconductors
| website = {{URL|macom.com}}
| footnotes = Financials {{as of|2024|09|27|lc=y|df=US}}.{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1493594/000149359424000060/mtsi-20240927.htm |title=MACOM Technology Solutions FY 2024 Annual Report (Form 10-K) |date=November 12, 2024 |publisher=U.S. Securities and Exchange Commission}}
}}
MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer.{{cite news|url=http://nl.newsbank.com/nl-search/we/Archives?p_product=LOWB&p_theme=lowb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=10CE149EC2C0B640&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM|title=M/A-Com at the ready for Katrina, Rita|last=Eiranova|first=David|date=September 26, 2005|work=The Sun (Lowell, MA) |accessdate=2009-11-06}} MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard.{{cite web|url=https://www.macom.com/about/sustainability-quality--reliabil/iso-certifications|title=ISO Certifications |publisher=MACOM|accessdate=October 11, 2016}} The company has design centers and sales offices in North America, Europe, Asia and Australia.
History
=Early history=
MACOM was founded in the 1950s as Microwave Associates by the engineers Vessarios Chigas, Louis Roberts, Hugh Wainwright and Richard M. Walker.{{cite web | url=http://www.microwavejournal.com/articles/print/7500-companies-in-transition | title=Companies in Transition | publisher=Microwave Journal | first=David| last= Vye| date=February 1, 2009| accessdate=September 27, 2016}} The company was initially a small supplier of magnetrons to the U.S. Army Signal Corps. The name was changed to M/A-COM in 1978 to reflect the company's growing involvement in the telecommunication industry and the merger with DCC, Digital Communications Corporation. During this timeframe, the company produced low power wideband RF amplifier modules for use in test & measurement. In May 1981, MACOM acquired Ohio Scientific. In the 1990s, MACOM was acquired by AMP Inc., which was in turn acquired by Tyco Electronics.{{cite web | url= http://www.semiconductor-today.com/news_items/2009/MARCH/COBHAM_310309.htm | title=Cobham Divests M/A-COM Technology Solutions to GaAs Labs | publisher=Semiconductor Today | date= March 1, 2009 | access-date=September 27, 2016}}{{cite web | url=https://www.nytimes.com/1999/04/06/business/tyco-completes-acquisition-of-amp.html | title=Tyco Completes Acquisition of AMP | work=The New York Times | date=April 6, 1999 | accessdate=September 27, 2016}}
=2000–2010=
In 2001, Tyco acquired Com-Net Ericsson and placed the company under the administration of MACOM, as part of the deal, the company acquired the EDACS radio systems team and products and merged them with its own OpenSky resources. The deal also allowed MACOM to become the second largest two-way radio communications manufacturer in the United States.{{cite web | url= http://urgentcomm.com/news/ma-com-wireless-systems-makes-changes-it-absorbs-com-net-ericsson | title=M/A-COM Wireless Systems Makes Changes as it Absorbs Com-Net Ericsson | publisher=Urgent Communications | authorlink=Don Bishop | first=Don |last=Bishop | date=July 20, 2001 | accessdate=September 27, 2016}} The combined company subsequently developed a P25 radio offering, and has grown its critical communications systems business to be a large player in the modern wireless two-way communications market. In June 2003, XMA Corporation, located in Manchester, New Hampshire, purchased from MACOM the Omni Spectra line of coaxial attenuators and terminations.{{citation needed|date=September 2016}}
On May 13, 2008, Tyco Electronics announced that it would sell its RF Components and Subsystem Business to Cobham plc for $425 million. Tyco Electronics retained the wireless communications part of MACOM, but renamed it Tyco Electronics Wireless Systems.[http://tycoelectronics.mediaroom.com/index.php?s=43&item=280 Tyco Electronics Announces Agreement to Sell Its RF Components and Subsystem Business To Cobham Plc - May 13, 2008] {{webarchive|url=https://web.archive.org/web/20080210142406/http://tycoelectronics.mediaroom.com/index.php?s=43 |date=February 10, 2008 }} On September 29, 2008, Tyco Electronics and Cobham announced the completion of the sale of Tyco Electronics’ M/A-COM Radio Frequency Components and Subsystems business to Cobham plc.{{cite web|url=http://www.cobham.com/media/3111/262%20ma-com%20completion%20final.pdf |title=Archived copy |accessdate=2010-01-08 |url-status=dead |archiveurl=https://web.archive.org/web/20110708174713/http://www.cobham.com/media/3111/262%20ma-com%20completion%20final.pdf |archivedate=2011-07-08 }} Tyco Electronics kept its Wireless Systems business unit, and changed its name from M/A-COM to Tyco Electronics Wireless Systems.
On March 30, 2009, the company acquired all of the outstanding stock of M/A-COM Technology Solutions Inc., the primary operating subsidiary of MACOM and the related foreign operating subsidiary, M/ACOM Technology Solutions Limited from Cobham.{{cite web | url=https://www.sec.gov/Archives/edgar/data/1493594/000119312515387199/d92356d10k.htm | title=M/A-COM Technology Solutions Holdings, Inc. | publisher=United States Securities and Exchange Commission | date=October 2, 2015 | accessdate=October 12, 2016}} Cobham plc announced that it had sold M/A-COM's commercial business segment, M/A-COM Technology Solutions, to John Ocampo, the owner of GaAs Labs, on March 31, 2009.{{cite news | url=http://www.cobhaminvestors.com/news-item?item=118942676823147 | title=Cobham completes sale of M/A-COM Technology Solutions for up to US$90 million | date=March 31, 2009 | work=Cobham plc press release | accessdate=2009-11-06 | url-status=dead | archiveurl=https://web.archive.org/web/20110708171823/http://www.cobhaminvestors.com/news-item?item=118942676823147 | archivedate=July 8, 2011}} In May 2010, MACOM acquired Mimix Broadband, a fabless supplier of GaAs semiconductors.{{cite web | url=http://www.eetimes.com/document.asp?doc_id=1173735 | title=M/A-Com Buys Mimix Broadband | publisher=EETimes | first=Mark | last=LaPedus | date=May 6, 2016 | accessdate=September 28, 2016}}
=2011–present=
In May 2011, MACOM acquired Optomai Inc. a semiconductor company that developed integrated circuits and modules for 40 and 100-Gbit/s fiber optic networks.{{cite web | url=http://www.informationweek.com/desktop/m-a-com-acquires-optomai-to-boost-fiber-optic-business/d/d-id/1097450 | title=M/A-COM Acquires Optomai to Boost Fiber Optic Business | publisher=InformationWeek | first=Chandler | last=Harris | date=April 29, 2011 | accessdate=September 28, 2016}} The company announced it had reached a deal to purchase Mindspeed Technologies, a network infrastructure semiconductor business in November 2013.{{cite web | url=http://www.bizjournals.com/boston/blog/techflash/2013/11/ma-com-technology-acquires-mindspeed.html | title=M/A-COM Technology Acquires Mindspped Technologies For $272M | publisher=Boston Business Journal | first=Sara | last=Castellanos | date=November 5, 2013 | accessdate=September 28, 2016}} In February 2014, the company announced that it had sold Mindspeed's wireless business to Intel Corporation.{{cite web|url=http://www.satellitetoday.com/technology/2014/02/24/macom-sells-mindspeed-wireless-infrastructure-business-unit-to-intel/|title=MACOM Sells Mindspeed Wireless Infrastructure Business Unit to Intel|publisher=Via Satellite|first=Katie|last=Kriz|date=February 24, 2014|accessdate=September 28, 2016}} On February 13, 2014, the company purchased Nitronex LLC, a privately held designer of gallium nitride semiconductors for $26 million.{{cite web|url=http://www.bizjournals.com/boston/blog/techflash/2014/02/ma-com-technology-solutions-acquires.html|title=M/A-COM Tech Acquires Nitronex for $26 Million | publisher=Boston Business Journal|first=Sara |last=Castellanos|date=February 13, 2014|accessdate=October 1, 2016}} That same year, MACOM also purchased the RF and microwave company IKE Micro and SiPh services company, Photonic Controls.{{cite web | url=http://www.lightreading.com/components/comms-chips/macom-remains-laser-focused-on-semiconductors/d/d-id/714342 | title=MACOM Remains Laser-Focused on Semiconductors | publisher=LightReading | first=Dan | last=O'Shea | date=March 11, 2015 | accessdate=October 1, 2016}} In November 2014, MACOM reached an agreement to buy BinOptics Corporation, a provider of InP lasers that started at Cornell University, for $230 million.{{cite web|url=http://optics.org/news/5/11/36|title=M/A-COM Targets Expansion with $230M BinOptics Deal|publisher=Optics.org |date=November 25, 2014 |accessdate=October 1, 2016}} In November 2015, the company announced that it planned to acquire the Japanese optical subassembly supplier, FiBest Limited, before the end of the first quarter in 2016.{{cite web|url=http://www.fibre-systems.com/news/story/macom-builds-optical-base-fibest-acquisition|title=MACOM Builds Optical Base With FiBest Acquisition | publisher=Fibre Systems | date=November 19, 2015|accessdate=October 1, 2016}} In December 2015, MACOM acquired Aeroflex's diode business, Aeroflex Metelics from Cobham for $38 million in cash.{{cite web|url=http://www.microwavejournal.com/articles/25633-macom-acquires-cobham-aeroflexs-diode-business | title=MACOM Acquires Cobham AeroFlex's Diode Business|publisher=Microwave Journal|date=December 15, 2015|accessdate=October 1, 2016}} In January 2017, MACOM acquired Applied Micro Circuits Corporation.{{cite web|url=https://www.apm.com/news/macom-successfully-completes-acquisition-of-appliedmicro/|title=MACOM Successfully Completes Acquisition of AppliedMicro | date=January 26, 2017|accessdate=June 14, 2017}} In February 2023, MACOM announced it had acquired the assets and operations of the Limeil-Brévannes semiconductor manufacturer, OMMIC SAS for €38.5 million.{{Cite web |title=MACOM to acquire assets and operations from OMMIC SAS |url=https://evertiq.com/design/53247 |access-date=2023-02-02 |website=evertiq.com |language=en}} In August 2023, it was announced MACOM had entered into a definitive agreement to acquire the RF business of Wolfspeed.{{Cite web |last=Joosting |first=Jean-Pierre |date=2023-08-22 |title=MACOM agrees to acquire the RF Business of Wolfspeed |url=https://www.eenewseurope.com/en/macom-agrees-to-acquire-the-rf-business-of-wolfspeed/ |access-date=2023-08-22 |website=eeNews Europe |language=en-US}}
Operations
=Technology=
MACOM develops and supplies semiconductor technologies for optical, wireless and satellite networks. The company has a portfolio of analog RF, microwave, millimeterwave and photonic semiconductor products. MACOM has 16 Design and Operational centers worldwide including 11 in the United States, two in Ireland and one in Australia, Japan and Taiwan.{{cite web | url=http://www.macom.com/support/contact-us | title=Contact Us | publisher=MACOM | access-date=October 1, 2016}} MACOM produces an array of chip technologies, including gallium arsenide (GaAs), gallium nitride (GaN), silicon photonics (SiPh), aluminum gallium arsenide (AlGaAs), indium phosphide (InP), silicon (Si), heterolithic microwave integrated circuit (HMIC), and silicon germanium (SiGe).{{cite web|url=http://www.macom.com/technologies | title=Technologies | publisher=MACOM | accessdate=October 1, 2016}} The company's acquisition of BinOptics in 2014, allows them to use self-aligning etched facet technology to ensure an efficient manufacturing and testing process. Much of MACOM's current sub-microwave RF product line are generic substitutes for the Motorola SPS MRF series Beryllium Oxide devices produced in the mid-1990s, rebranded with revised device datasheets.
=Markets=
MACOM creates semiconductors for a variety of industries: while the company does provide some semiconductors for consumer electronics, its products are primarily used in commercial and industrial applications.{{cite web|url=http://www.investors.com/news/technology/macom-tech-leapfrogs-apple-supplying-chip-rivals-with-lasers-radar/|title=Macom Leapfrogs Apple-Supplying Chip Rivals With Lasers, Radar|publisher=Investor's Business Daily|first=Allison |last=Gatlin|date=March 11, 2016|accessdate=October 3, 2016}} In the aerospace and defense industries, MACOM supplies contractors (like Northrop Grumman) with components that are designed to be integrated into surveillance devices (such as radar). MACOM components are also used by the National Oceanic and Atmospheric Administration (NOAA) and the Federal Aviation Administration.{{cite web|url=https://www.strategyanalytics.com/strategy-analytics/blogs/defense/2016/02/11/macom-builds-momentum-behind-commercial-scale-aesa-capabilities#.V8XmjJgrLIU|title=MACOM Builds Momentum Behind Commercial Scale AESA Capabilities|publisher=Strategy Analytics|first=Asif|last=Anwar|date=February 11, 2016|accessdate=October 3, 2016}}
The company's networking and communications products are used in satellite applications, and they're consumed by clients like Cisco for wired and wireless networking applications. MACOM also creates high-speed optical networking components in high-margin specialized spaces such as data centers, long-haul communications, and metro core networks.{{cite web|url=http://www.investors.com/research/the-new-america/macom-technology-radio-frequency-semiconductor-products/|title=Chipmaker Macom Technology Enjoys High-Growth Niche|publisher=Investor's Business Daily|first=Vance |last=Cariaga |date=December 29, 2015 |accessdate=October 12, 2016}}{{cite web|url=https://www.fool.com/investing/general/2016/01/14/is-ma-com-technology-solutions-holdings-inc-a-buy.aspx/|title=Is M/A-COM Technology Solutions Holdings Inc. a Buy?|publisher=The Motley Fool|first=Chris |last=Kuiper |date=Jan 14, 2016 |accessdate=March 24, 2019}}
MACOM received a Technology & Engineering Emmy Award for its development of technology that enables high density video switching and routing solutions in 2015. The technology is important in broadcast video infrastructure.{{cite web|url=https://finance.yahoo.com/news/macom-wins-emmy-award-video-140000821.html|title=MACOM Wins EMMY Award for Video Technology and Engineering Achievement|publisher=Yahoo! Finance|date=September 10, 2015|accessdate=October 3, 2016}}{{Dead link|date=May 2019 |bot=InternetArchiveBot |fix-attempted=yes }}
The company also provides power transistors to clients in a variety of industries. For instance, their MOSFET product line has been used in medical instruments (such as MRI systems and CAT scanners) and automotive ignition systems.{{cite web|url= http://www.edn-europe.com/news/rf-energyheating-applications-boosted-300w-gan-transistor|title=RF Energy/ Heating Applications Boosted by 300w GaN Transistor|publisher=EDN Europe|first=Graham |last=Prophet |date=June 8, 2016 |accessdate=October 11, 2016}}
Litigation
On January 15, 2009, the State of New York terminated its contract with Tyco Electronics Wireless Systems (often referred to as M/A-COM) due to ongoing and unresolved deficiencies with the OpenSky system.[http://www.oft.state.ny.us/News/PressRelease_SWNContract.htm Office for Technology Finds M/A-COM in Violation of Statewide Wireless Network Contract (OFT) - January 15, 2009]{{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}
On February 13, 2009, Tyco Electronics filed a complaint against the New York State Office for Technology (NY-OFT), in the New York State Court of Claims, disputing the claims made by the OFT. In the complaint, Tyco Electronics disputed many of the NY-OFT's public criticisms of both the company and the system, maintaining that SWN (which included OpenSky) ‘worked as contracted.’ The complaint also claimed the state hindered the company's ability to build the system in a timely manner, defamed the company by stating that its technology did not work, and that the state inappropriately drew $50 million from the standby letter of credit the company established for the project.[http://urgentcomm.com/policy_and_law/news/tyco-ma-com-new-york-lawsuit-20090331/index.html M/A-COM Lawsuit: New York System Worked as Contracted - May 31, 2009]
In June 2014, a Judge ruled that Laird Technologies, Inc. was no longer allowed to supply Ford Motor Company with GPS Modules after MACOM sued for patent infringement.{{cite web|url= https://delawareintellectualproperty.foxrothschild.com/2014/06/articles/district-of-delaware-1/judge-stark-grants-macoms-preliminary-injunction-to-enjoin-laird-from-supplying-ford-with-gps-modules-that-likely-infringe-macoms-349-patent/ |title=Judge Start Grants MACOM's Preliminary Injunction to Enjoin Laird From Supplying Ford with GPS Modules That Likely Infringe MACOM's '349 Patent'|publisher=Delaware Intellectual Property Litigation|first=Gregory B. |last=Williams|date=June 21, 2014|accessdate=October 14, 2016}}
In April 2016, MACOM filed a suit against the German technology company, Infineon Technologies after alleging that the Infineon was in breach of contract, covenant of good faith and fair dealing and interference with contract.{{cite web|url=http://www.bizjournals.com/boston/blog/techflash/2016/04/massachusetts-tech-firm-sues-german-semiconductor.html|title=Massachusetts Tech Firm Sues German Semiconductor Company|publisher=Boston Business Journal|first=Sara |last=Castellanos|date=April 27, 2016|accessdate=September 28, 2016}}
References
{{reflist}}
External links
- {{Official website|https://www.macom.com}}
{{Finance links
| name = MACOM Technology Solutions Holdings, Inc.
| symbol = MTSI
| reuters = MTSI.O
| bloomberg = MTSI:US
| sec_cik = 1493594
| yahoo = MTSI
| google = MTSI:NASDAQ
}}
- [http://www.cobham.com/ Cobham plc]
- [http://www.xmacorp.com/ Official XMA Corporation website]
{{S&P 400 companies}}
{{Authority control}}
{{DEFAULTSORT:M A-COM Technology Solutions}}
Category:Manufacturing companies established in 1950
Category:1950 establishments in Massachusetts
Category:Lowell, Massachusetts
Category:Manufacturing companies based in Massachusetts