Telecommunications

Foxconn acquires arQana’s wireless telecommunications bus…

The merger with AchernarTek aims to enable the birth of a global supplier of RF semiconductor components, with the aim of supporting Foxconn and third-party customers in the wireless telecommunications markets, including applications in the automotive and the 5G infrastructure.

In a press release, Foxconn said the transaction will allow arQana Taiwan, arQana Belgium and AchernarTek to not only continue to develop their products for wireless telecommunications infrastructure, but also expand the company’s presence in the growing market for connected cars and electric vehicles (EVs).

“Foxconn is a company that shares our vision of being the brightest star in the 5G universe. This acquisition is of tremendous benefit to our customers, accelerating our product launches, shortening the time to market for components and contributing to the future growth of the company. We look forward to benefiting the entire 5G infrastructure industry with the adoption of our components and products,” said Glenn Vandevoorde, CEO of iCana and former CEO of arQana, in the press release. “With the support of Foxconn, we will continue to use our expertise to create new products and enter new markets to cover the semiconductor needs of multiple industries, starting with semiconductor components for electric vehicles.”

AchernarTek, arQana Taiwan and arQana Belgium will now unify their operations and expertise under the new “iCana” brand.