MACOM licensed HRL's 40nm GaN-on-SiC technology for exclusive manufacturing, enhancing semiconductor capabilities for commercial and defense applications.
Quiver AI Summary
MACOM Technology Solutions Inc. has announced a collaboration with HRL Laboratories to license and manufacture HRL's advanced 40nm T3L GaN-on-silicon carbide semiconductor process technology. This partnership aims to facilitate the transfer of the technology from HRL to one of MACOM's U.S. Trusted Foundries, granting MACOM exclusive rights to produce products utilizing this process, which is recognized for its high performance and reliability at millimeter-wave frequencies. HRL, co-owned by Boeing and General Motors, has developed the T3L process under various defense programs. MACOM's CEO expressed optimism about enhancing their product portfolio with this technology, while HRL's CEO highlighted the collaboration as a key step towards high volume production.
Potential Positives
- MACOM has secured an exclusive license to manufacture products using HRL's advanced 40nm T3L GaN-on-SiC process technology, potentially enhancing its product offerings and market competitiveness.
- The collaboration with HRL, recognized for its pioneering work in RF and microwave technologies, allows MACOM to leverage high-performance semiconductor processes that are crucial for both commercial and defense applications.
- This partnership is anticipated to accelerate MACOM's execution of its technology roadmap, thereby improving operational efficiency and innovation capabilities.
Potential Negatives
- MACOM's statement indicates they were not part of the STARRY NITE or DREaM programs, which may raise questions about their existing capabilities and relevance in cutting-edge semiconductor process technology.
- The reliance on acquisition and licensing of proprietary technologies from HRL could highlight potential gaps in MACOM's own R&D efforts and innovation pipeline.
- The partnership is essential for MACOM's future product offerings, suggesting that without this collaboration, the company may face challenges in maintaining competitive performance in the semiconductor market.
FAQ
What agreement did MACOM enter into with HRL Laboratories?
MACOM has licensed and will manufacture HRL's proprietary 40nm T3L GaN-on-silicon carbide process technology.
What are the applications of the T3L process technology?
The T3L process is suitable for commercial and defense applications at millimeter-wave frequencies.
Who are the owners of HRL Laboratories?
HRL Laboratories is jointly owned by Boeing and General Motors.
How will the partnership benefit MACOM's product portfolio?
The partnership will enhance MACOM's existing portfolio and accelerate their technology roadmap execution.
What certifications has MACOM achieved?
MACOM holds IATF16949, AS9100D, ISO9001, and ISO14001 certifications for quality and environmental management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MTSI Insider Trading Activity
$MTSI insiders have traded $MTSI stock on the open market 63 times in the past 6 months. Of those trades, 0 have been purchases and 63 have been sales.
Here’s a breakdown of recent trading of $MTSI stock by insiders over the last 6 months:
- SUSAN OCAMPO has made 0 purchases and 36 sales selling 1,995,981 shares for an estimated $265,588,071.
- STEPHEN G DALY (President and CEO) has made 0 purchases and 8 sales selling 26,419 shares for an estimated $3,296,836.
- ROBERT DENNEHY (SVP, Operations) has made 0 purchases and 6 sales selling 18,241 shares for an estimated $2,414,204.
- DONGHYUN THOMAS HWANG (SVP, Global Sales) has made 0 purchases and 7 sales selling 9,944 shares for an estimated $1,273,322.
- JOHN KOBER (Senior VP and CFO) has made 0 purchases and 4 sales selling 4,747 shares for an estimated $623,964.
- JIHYE WHANG ROSENBAND has made 0 purchases and 2 sales selling 1,600 shares for an estimated $199,048.
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$MTSI Hedge Fund Activity
We have seen 254 institutional investors add shares of $MTSI stock to their portfolio, and 149 decrease their positions in their most recent quarter.
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- POINT72 ASSET MANAGEMENT, L.P. removed 1,746,735 shares (-62.9%) from their portfolio in Q2 2025, for an estimated $250,289,658
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$MTSI Analyst Ratings
Wall Street analysts have issued reports on $MTSI in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stifel issued a "Buy" rating on 07/18/2025
- B of A Securities issued a "Buy" rating on 06/24/2025
- Barclays issued a "Overweight" rating on 05/09/2025
- Benchmark issued a "Buy" rating on 05/09/2025
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$MTSI Price Targets
Multiple analysts have issued price targets for $MTSI recently. We have seen 5 analysts offer price targets for $MTSI in the last 6 months, with a median target of $155.0.
Here are some recent targets:
- Tore Svanberg from Stifel set a target price of $155.0 on 07/18/2025
- William Stein from Truist Securities set a target price of $154.0 on 07/07/2025
- Vivek Arya from B of A Securities set a target price of $160.0 on 06/24/2025
- Tom O'Malley from Barclays set a target price of $150.0 on 05/09/2025
- David Williams from Benchmark set a target price of $160.0 on 05/09/2025
Full Release
LOWELL, Mass., Nov. 04, 2025 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Inc. (“MACOM”) , a leading supplier of semiconductor products, today announced that it has entered into an agreement with HRL Laboratories (“HRL”) to license and manufacture HRL’s proprietary 40nm T3L GaN-on-silicon carbide (“GaN-on-SiC”) process technology. HRL and MACOM will work collaboratively on a rapid process transfer of this proprietary semiconductor process from HRL’s facility to one of MACOM’s U.S. Trusted Foundries. Under the agreement, MACOM will have an exclusive license to manufacture products based on the T3L process.
HRL, jointly owned by Boeing and General Motors, has long been recognized as a pioneer in the research and development of innovative RF and microwave GaN-on-SiC process technologies. T3L utilizes a proprietary epitaxial structure and an advanced gate design, which contribute to its leading performance and enhanced reliability at millimeter-wave frequencies. This process is ideal for supporting commercial and defense applications.
T3L was matured by HRL under the Office of the Undersecretary of Defense’s (OUSD) State-of-the-Art Radio Frequency Gallium Nitride (STARRY NITE) and the Defense Research Advanced Projects Agency’s (DARPA) Dynamic Range Electronics and Materials (DREaM) programs, along with additional HRL funding that includes owner contributions.
“We’re pleased to partner with HRL and look forward to establishing a close working relationship. T3L is one of the most advanced high frequency semiconductor processes in the industry, which we anticipate will enhance our existing portfolio and accelerate execution of our roadmap,” said Stephen G. Daly, President and Chief Executive Officer, MACOM. “We were not part of the STARRY NITE or DREaM programs; however, MACOM and our customers will soon be the beneficiaries of the results, as we industrialize this technology.”
“This new relationship with MACOM demonstrates HRL’s expertise at developing and proving technology concepts and then transitioning them into production,” said Rob Vasquez, President and Chief Executive Officer, HRL. “Our GaN-on-SiC process technologies were established over many years of diligent work, and we’re excited to now partner with MACOM to advance the work into high volume production.”
About MACOM
MACOM designs and manufactures high-performance semiconductor products for the Telecommunications, Industrial and Defense, and Data Center 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 AS9100D aerospace 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 HRL Laboratories
HRL Laboratories, LLC, California (
hrl.com
) pioneers the next frontiers of physical and information science. Delivering transformative technologies in automotive, aerospace and defense, HRL advances the critical missions of its customers. As a private company owned jointly by Boeing and GM, HRL is a source of innovations that advance the state of the art in profound and far-reaching ways.
Company Contact:
MACOM Technology Solutions Inc.
Stephen Ferranti
Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E:
[email protected]
HRL Laboratories
Pamela Reese
Director, Marketing and Communications
P: 310-317-5000
E: [email protected]