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Could Quantenna be dragged from comfort zone to Raptor enclosure?

Quantenna proved why ON Semiconductor just paid $1.1 billion to buy the business in its first financial report since the surprise acquisition was announced around six weeks ago. Revenue spiked 27.8% to $57.7 million for Q1 2019 – a feat for which Quantenna’s 11ac Wave 3 10G strategy was given a standing ovation. But it was the breakdown by region which stood out like a sore thumb, as Quantenna added over $12 million worth of business across Asia Pacific in the year period, now accounting for 92% of its total quarterly revenue, up from 90% a year earlier. Quantenna lists three mystery OEM customers as contributing 10% or more of revenue during the first quarter, whereby the biggest – coined…

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