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RF Micro Devices (RFMD +0.6%) is spending $47.5M in cash to acquire Amalfi Semiconductor, a...
RF Micro Devices (RFMD +0.6%) is spending $47.5M in cash to acquire Amalfi Semiconductor, a developer of RF/mixed-signal chips for low-end smartphones. Amalfi specializes in RF CMOS chips, which can be cheaper than traditional gallium arsenide parts. The purchase comes at a time when low-end Android sales to emerging markets are heavily responsible for smartphone growth. Rival Skyworks noted on last week's earnings call it expects the Chinese smartphone market to be a big near-term growth driver.
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