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MaxLinear acquires Silicon Motion.
MaxLinear, a leading provider of radio frequency (RF), analog, and mixed-signal integrated circuits, has announced its acquisition of Silicon Motion, a global leader in NAND flash controllers for solid-state storage devices. The acquisition is expected to strengthen MaxLinear’s position in the storage and connectivity markets, as well as expand its product portfolio.
The acquisition of Silicon Motion is a strategic move for MaxLinear, as it will enable the company to offer a more comprehensive set of solutions to its customers. Silicon Motion’s expertise in NAND flash controllers will complement MaxLinear’s existing portfolio of connectivity and storage solutions, allowing the company to provide a complete end-to-end solution for its customers.
The acquisition will also enable MaxLinear to expand its presence in the rapidly growing solid-state storage market. According to a recent report by MarketsandMarkets, the solid-state storage market is expected to grow from $36.5 billion in 2020 to $84.5 billion by 2025, at a compound annual growth rate (CAGR) of 18.9%.
MaxLinear’s acquisition of Silicon Motion is expected to be completed in the second half of 2021, subject to regulatory approvals and other customary closing conditions. The acquisition is expected to be accretive to MaxLinear’s non-GAAP earnings per share in the first full year following the closing.
“We are excited to welcome Silicon Motion to the MaxLinear family,” said Kishore Seendripu, CEO of MaxLinear. “This acquisition is a significant step forward in our strategy to expand our presence in the storage and connectivity markets. We believe that the combination of our two companies will create a powerful force in the industry, with a comprehensive set of solutions that will enable our customers to innovate and grow.”
“We are thrilled to join forces with MaxLinear,” said Wallace Kou, CEO of Silicon Motion. “MaxLinear’s strong presence in the connectivity and storage markets, combined with our expertise in NAND flash controllers, will enable us to offer a more complete set of solutions to our customers. We look forward to working together to drive innovation and growth in the industry.”