Analog Devices, Hittite Microwave enter $2.45B deal

Analog Devices Inc. on Monday said it would acquire Hittite Microwave Corp. for about $2.45 billion in cash in an effort to expand its radio-frequency portfolio.

The Wall Street Journal reports Analag Devices specializes in signical-processing technology used in factory-automation systems and smartphones.

"Hittite's strength in RF, microwave, and millimeter wave technology complements ADI's RF and signal conversion expertise," Analog Devices Chief Executive Vincent Roche said.

Read more from the Wall Street Journal.