Texas Instruments Acquires Radia Communications, an Expert in 802.11 RF
Purchase Enhances TI’s RF Capabilities for Multi-band 802.11 Products
DALLAS (July 30, 2003) -- Texas Instruments Incorporated (TI) (NYSE: TXN) today announced that it has acquired Radia Communications, Inc. Based in Sunnyvale, California, Radia is a fabless semiconductor company specializing in the development of radio frequency (RF) semiconductor, subsystem, signal processing and networking technologies for 802.11 wireless local area networking (WLAN) multi-band/multi-mode radios. TI’s customers now have a single source for their WLAN media access controller (MAC), baseband and RF, reducing their time to market for 802.11a/b/g products and for broadband, wireless and consumer devices that include 802.11.
“Wi-Fi networking is quickly becoming ubiquitous with opportunities to integrate 802.11 into a wide range of applications including broadband modems, PDAs, cell phones and digital cameras,” said Joseph Crupi, TI vice president and general manager of the Broadband Communications Group. “TI is already capitalizing on our strong portfolio in broadband, wireless and consumer electronics to create new integrated applications. Having increased RF product offerings and engineering expertise in-house will accelerate our integration momentum.”
TI and Radia have already developed joint reference designs for 802.11b/g and 802.11a/b/g products as partners, and have customers signed up for the TI and Radia components in those reference designs. The designs are proven, and the 802.11b/g design is already Wi-Fi CERTIFIED™, as well as a part of the Wi-Fi Alliance 802.11g test bed. TI’s WLAN business is part of the company’s comprehensive portfolio of broadband solutions for cable modems, DSL modems, DSL infrastructure, Voice over Internet Protocol (VoIP) gateways, and VoIP carrier infrastructure. (See http://www.ti.com/wlan.)
“Radia’s products and expertise in 802.11 RF technology and TI’s silicon and software for the 802.11 market are a powerful combination,” said David Fisher, president and CEO of Radia. “TI is known as a world leader in providing semiconductor technology for wireless, broadband and communications markets. Radia's unique RF skills will help TI continue their leadership momentum and provide complete technology to the rapidly growing wireless networking market.”
Radia specializes in RF for 802.11 applications and was founded in 2000 to design RF for communications, networking and wireless systems. Radia has innovative approaches to radio development and Wi-Fi® RF architectures that will enable TI to increase its 802.11 product differentiation. Radia employs approximately 50 people and will become part of TI's Broadband Communications Group. Radia will operate as Texas Instruments Sunnyvale Incorporated. Terms of the transaction were not disclosed. The charges that will result from this transaction, primarily related to in-process research and development, will be determined in the course of the quarter and were not comprehended in TI’s previously issued financial outlook for the current quarter.
Safe Harbor Statement
Statements contained in this press release regarding future demand for Wi-Fi products and the benefits to TI of acquiring Radia Communications, Inc., and other statements of management's beliefs, goals and expectations, may be considered forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. The following factor and the factors discussed in TI's most recent Form 10-K could cause actual results to differ materially from the statements contained in this press release: successful integration of the acquisition. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
About Texas Instruments
Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements. In addition to Semiconductor, the company's businesses include Sensors & Controls, and Educational & Productivity Solutions. TI is headquartered in Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at www.ti.com.
About Radia Communications
Radia Communications Inc., founded in May 2000, specializes in RF solutions for 802.11 applications and designs RF for communications, networking and wireless systems. Radia has developed innovative approaches to next generation radio systems-on-chip and Wi-Fi RF architectures. Radia investors included Third Point Management, InnoCal Venture Capital, Firsthand Funds, Pac-Link Ventures, and Greenlight Capital Inc. The company is located in Sunnyvale, California.