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Skyworks Closes USD 2.76bn Acquisition of the Infrastructure and Automotive Business of Silicon Labs
Tuesday 27 July 2021

US-based analog semiconductors provider Skyworks Solutions, Inc. (NASDAQ: SWKS) has closed the acquisition of the infrastructure and automotive business of silicon, software and solutions provider Silicon Laboratories Inc. (NASDAQ: SLAB) in an all-cash asset transaction valued at USD 2.75bn, the company said.

Skyworks expects to fund the transaction with a combination of cash on hand and committed debt financing arranged by J.P. Morgan.

The acquisition encompasses the technology portfolios and related assets of Silicon Labs' power/isolation, timing and broadcast product lines, which are highly complementary to Skyworks' connectivity portfolio.

The acquisition will accelerate Skyworks' expansion into industry growth segments, including electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure, optical data communication, data centre, automotive, smart home and several other applications.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America.
Date Published: 27/07/2021