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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.
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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 Education Technology. 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.
Trademarks
All trademarks are the property of their respective owners.
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