Notice regarding acquisition of Arctic Sand Technologies

NewsArticleTitle

3/17/2017

Murata Manufacturing Co., Ltd.
President/Statutory Representative Director:
Tsuneo Murata

Overview

Peregrine Semiconductor Corporation, a full subsidiary of Murata (Headquarters: San Diego, California, USA) and Arctic Sand Technologies, Inc. (Headquarters: Burlington, Massachusetts, USA) today announced that they have entered into a definitive agreement of acquisition on March 15, 2017.

Purpose of the acquisition

Arctic Sand Technologies is a manufacturer engaged in the design and sale of low-power semiconductors. Its technologies deliver industry-leading power conversion efficiency. Combining them with Murata’s modular technologies will make it possible to provide solutions with high integration and excellent conversion efficiency in a wide range of low-power fields. Demand for these technologies is expected to grow even further as electrical and electronic components become smaller and thinner.

Through this acquisition, Arctic Sand’s low-power semiconductors will be added to Murata’s existing product lineup in order to enhance and expand its power module business in not just the telecommunications market, but also the data communication and industrial electronic markets.


Comment from Norio Nakajima, Board Members, Executive Vice President, Communication & Sensor Business Unit/Energy Business Unit, Murata Manufacturing Co., Ltd.

Bringing together Arctic Sand’s low-power semiconductor technologies and Murata’s technologies will allow us to lead the way in providing products that satisfy the needs of customers in growing markets where there is demand for small footprints, low profiles, and power savings.

Comment from Jim Cable, CEO of Peregrine Semiconductor

“Arctic Sand is the epitome of an innovative startup,” says Jim Cable, CEO of Peregrine Semiconductor. “With this acquisition, Peregrine and Murata gain Arctic Sand’s disruptive technology, strong IP portfolio and world-class team. With a vision to revolutionize the power electronics industry, we’re building the power integrated circuit (IC) ‘dream team’. We will now leverage Peregrine’s semiconductor expertise to accelerate the adoption of Arctic Sand’s technology and their ability to ship in volume, bringing us one step closer to dramatically smaller, lighter, faster and more efficient power solutions.”


Corporate overview of Arctic Sand Technologies

Company name:   Arctic Sand Technologies, Inc.
Location:   25 Burlington Mall Road, Suite 416 Burlington, MA 01803
Representative:   Gary Davison, CEO
Business description:   Development, manufacture and sale of LED Backlight Converters/ Buck Regulators. (fabrication facility) 
Year of established:   2010
Number of employees:   26 (as of December 31, 2016) 
Consolidated subsidiaries:   Burlington, MA(USA) / Santa Clara, CA(USA) / Taiwan R.O.C(Taiwan)

Corporate overview of Peregrine Semiconductor Corp.

Company name:   Peregrine Semiconductor Corporation
Location:   9380 Carroll Park Drive, San Diego, CA 92121, USA
Representative: 
Jim Cable, CEO
Business description:   Leading fabless provider of high-performance,Radio frequency integrated circuits, or RFICs.
Year of established:  2010
Number of employees:   414 (as of March 31, 2016)
Consolidated subsidiaries:   San Diego, CA(USA) / Arlington Heights, IL(USA)

Corporate overview of Murata Manufacturing Co., Ltd.

Company name:  Murata Manufacturing Co., Ltd.
Location:  10-1, Higashikotari 1-chome, Nagaokakyo-shi, Kyoto 617-8555
Date of incorporation:  December 23, 1950 (established in October 1944)
Representative:  Tsuneo Murata, President, Statutory Representative Director
Annual sales:   Consolidated basis: 1,210,841 million yen (as of March 31, 2016)
Business description:   Design, manufacture and sale of ceramic-based passive electronic components and solutions, communication modules, power supply modules, and other.
Number of employees:  54,674 (as of March 31, 2016)
Consolidated subsidiaries:  31 in Japan, 74 overseas (as of March 31, 2016)

Arctic Sand Technologies in brief

Arctic Sand was founded to bring game-changing power conversion semiconductors to market, based on technology born at MIT. Company headquarters is now in Burlington MA, with product design centers in Burlington, MA and Santa Clara, CA, and with sales / customer support offices in Silicon Valley and Taiwan. For more information, visit Arctic Sand’s website at www.arcticsand.com.

Peregrine Semiconductor Corp. in brief

Peregrine Semiconductor Corporation, a full subsidiary of Murata, is the founder of RF silicon on insulator (SOI) and is a leading fabless provider of high-performance, integrated RF solutions. Since 1988 Peregrine and its founding team have been perfecting UltraCMOS® technology—a patented, advanced form of SOI—to deliver the performance edge needed to solve the RF market's biggest challenges, such as linearity. By delivering best-in-class performance and monolithic integration, Peregrine’s product portfolio is the trusted choice for market leaders in automotive, broadband, industrial, Internet of Things, mobile devices, smartphones, space, test-and-measurement equipment and wireless infrastructure. A Murata company since December 2014, Peregrine holds more than 300 issued and pending patents and has shipped over 3.5 billion UltraCMOS units. For more information, visit www.psemi.com.
Murata in Brief

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com