Irish chipmaker Decawave has been acquired by Apple supplier Qorvo in a deal estimated to be worth about $400 million (€363 million). Qorvo is a North Carolina-headquartered maker of radio-frequency (RF) semiconductor components, that derives about a third of its annual revenue from Apple. Qorvo said it had entered into definite agreements to acquire both Decawave and Custom MMIC, a Massachusetts-headquartered company. However, industry sources said that the lions share of the spend was on Decawave with the deal for the Dublin-based company valued at about $400 million. The company announced 100 new jobs two years ago after a $30 million fundraise led by Atlantic Bridge.

Source: The Irish Times January 30, 2020 05:37 UTC