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MACOM European Semiconductor Center (MESC) Awarded Contract

1. MACOM awarded multi-year semiconductor contract to develop advanced products. 2. Focus on Ka-band MMICs for 5G and LEO communication systems. 3. Program part of France 2030 initiative, promoting innovation and decarbonization. 4. Contract may strengthen MACOM's position in European telecommunications market.

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FAQ

Why Bullish?

The contract enhances MACOM's market position and growth potential, similar to their past large contracts boosting stock value.

How important is it?

The development of advanced semiconductors is critical to MACOM's future, reflecting substantial market impact.

Why Long Term?

The partnership may drive sustainable growth over multiple years, reminiscent of prior strategic collaborations in tech.

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MTSIMACOMBPI5GLEO
February 05, 2025 08:00 AM Eastern Standard Time LOWELL, Mass.--(BUSINESS WIRE)--MACOM Technology Solutions Inc. (“MACOM”) is pleased to announce that its France-based European Semiconductor Center (“MESC”), has been awarded a multi-year contract from Banque Publique d'Investissement (“BPI”) to lead the development and manufacturing of advanced semiconductor products, in collaboration with public and private sector partners. The ‘MAGENTA’ program’s goal is to develop next generation Ka-band Monolithic Microwave Integrated Circuit (“MMIC”) front end products, leveraging MESC’s existing Gallium Nitride (GaN) technology. A key program focus will be development of amplifiers with exceptional power-added efficiency, an innovation which is intended to push the boundaries of high-frequency communications system performance. The products and capabilities developed under the program are intended to support telecommunication systems in the 5G-FR2 bands and low earth orbit (LEO) communication systems. “We believe that this noteworthy award will make MESC a stronger partner and supplier to the European Telecommunications and Space markets,” said Stephen G. Daly, President and Chief Executive Officer, MACOM. “The MAGENTA team will collaborate and explore new MMIC design and manufacturing techniques to improve performance of critical global communication systems. We are pleased to have French government support as we build a stronger business in France to support the European market.” The MAGENTA program is financed by the French government within the framework of France 2030 and will be administered by BPI, the French agency for innovation and a financial institution. Under the terms of the contract, MESC will lead manufacturing of the MMICs developed by MAGENTA partners. About MACOM MACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense and Datacenter industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and is headquartered in Lowell, Massachusetts. To learn more visit www.macom.com. About France 2030 This project was financed by the State within the framework of France 2030. Launched in 2021, France 2030 is a major €54-billion investment plan to accelerate the transformation of the French economy. This plan aims to decarbonize the economy and promote environmentally friendly innovation while supporting the leaders of tomorrow in strategic sectors such as energy, digital technology, health and agriculture.

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