MaxLinear Acquires NanoSemi

Leading RF solutions expert, MaxLinear Inc. has announced the acquisition of NanoSemi Inc., an industry-leading provider of intellectual property that utilizes patented machine learning techniques to improve signal integrity and power efficiency in SoCs, ASICs, and FPGAs used in next-generation communication and artificial intelligence systems. The initial transaction consideration consisted of $10 million in cash and 804,163 shares of MaxLinear’s Common Stock. In addition, the NanoSemi security-holders will receive $35 million in deferred cash payments payable in 2021, and NanoSemi security-holders may also receive up to an additional $35 million in potential earnout consideration, subject to the acquired business’s satisfying certain financial objectives.

The stock consideration was issued in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. In connection with the acquisition, MaxLinear agreed to provide the NanoSemi security-holders with certain registration rights with respect to the shares of MaxLinear Common Stock they received in the acquisition.

NanoSemi is a Boston-based private company that spun out of MIT in 2014. The company’s technology enables higher throughput connections for 5G and Wi-Fi base stations and smartphones while simultaneously dramatically reducing energy consumption. NanoSemi’s linearization and signal correction technologies improve radio chain power efficiency and signal cleanliness at bandwidths exceeding 1 GHz by using patented machine learning techniques. The small implementation size is cost-effective for integration into ASICs that support Wi-Fi, LTE/5G chips for smartphones or in FPGAs for wireless infrastructure.

MaxLinear Inc is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multimarket applications. MaxLinear’s acquisition of NanoSemi brings together market-leading signal processing technology and silicon solutions for 5G radio customers. This combination will allow customers to reduce the time and resources required to bring complex new wireless products to market.