Intelligent Epitaxy Technology Inc. has acquired the gallium arsenide (GaAs) epitaxy business from Soitec in an effort to broaden its GaAs penetration into other applications.
The deal, which was for an undisclosed amount, follows a partnership between the two companies last year that was aimed to address a reliable second source of GaAs devices as well as a technology license arrangement and cooperation to expand the available market for gallium arsenide.
For IntelliEPI, based out of Richardson, Texas, the acquisition will allow the company to widen its customer base and get a foot in the door to several critical GaAs application markets such as automotive radar technology, said Yung-Chung Kao, president and CEO of IntelliEPI, in a statement. The deal also will help to expand IntelliEPI’s manufacturing capacities from its Texas location, he added.
For Soitec, the Bernin, France-based company said the sale of the GaAs business reflects its drive to refocus its electronics division under a five-year plan Soitec has enacted.