In 2016, RF industry M&As dropped about 15 percent from 2015 in terms of total valuation, but remained high in historical terms, driven by stock market gains and low interest rates. Industry profits remained strong by historical standards, matching 2015. In product news, cellular IoT chipsets and 5G development made gains, as did LTE-A with gigabit-class LTE. This report also covers financial and product developments that occurred in Q4 2016.
Table of Contents
1. Executive Summary 6
2. Summary and Analysis of Significant Developments 7
2.1 Financial Highlights 9
2.2 Product, Market, Technology Highlights 13
2.3 Mergers, Acquisitions, Divestitures 14
2.4 RF Start-up Funding 18
3. Company Results 20
3.1 Financial 20
3.2 Contracts 28
3.3 Joint Ventures 31
3.4 Employment 31
3.5 New Products 32
3.6 Other 36
4. How Can We Help You? 44
Exhibit 2—1 Stock Index Performance 2016 9
Exhibit 2—2 Two-Year Profitability History for RF Component Suppliers 10
Exhibit 2—3 Companies Posting Significant Losses During Q4 ‘16 11
Exhibit 2—4 Companies Posting Marginal Profits / Losses Q4 ‘16 11
Exhibit 2—5 Companies Posting the Highest Profits During Q4 ‘16 12
Exhibit 2—6 Number of Announced M&As 2010 – 2016 15
Exhibit 2—7 RF / Wireless Component M&A Price Tag 2010 –2016 15
Exhibit 2—8 RF / Wireless Component M&As, 2016 (Details) 16
Exhibit 2—9 RF / Wireless Component M&As, Q4 2016 18
Exhibit 2—10 RF / Wireless Component Related Start-up Funding 19