Sirenza Microdevices, a supplier of radio frequency (RF) components for communications equipment manufacturers, has signed an agreement to acquire Micro Linear Corporation, headquartered in San Jose, California.Under the terms of the agreement, 0.365 of a Sirenza share will be issued for each Micro Linear share. Micro Linear's fully diluted shares outstanding and Sirenza’s closing price on August 14, 2006, the transaction is currently valued at approximately $45.6 million.Micro Linear is a fabless semiconductor company specializing in wireless integrated circuit (IC) solutions.

Micro Linear will join Sirenza’s SMDI business segment, augmenting its existing product portfolio. In connection with the proposed transaction, it is expected that Timothy Richardson, president and CEO of Micro Linear, will join Sirenza as chief strategy officer.