MACOM Technology Solutions Holdings Inc completed the sale of its equity interest in Ampere Computing Holdings LLC to Denver Acquisition Corp for a predetermined cash consideration amount of ~$127.7 million.
Ampere was established in 2017 when MACOM divested its ARM-based compute processor business of Applied Micro Circuits Corporation. In consideration for the divestiture, MACOM had received a minority equity interest in Ampere.
The purchaser has exercised its right to purchase MACOM’s equity in Ampere for a value that was determined in 2017.
MACOM sees again on its GAAP Statement of Operations for FY21, reflecting the difference between the cash consideration and the carrying value of its Ampere investment as of the date of sale.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
