20 August 2018

Skyworks closes acquisition of analog-system-on chip-designer Avnera

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Skyworks Solutions Inc of Woburn, MA, USA (which makes analog and mixed-signal semiconductors) has closed its acquisition of private fabless semiconductor supplier Avnera Corp of Beaverton, OR, USA, a developer of analog system on chips (ASoCs) since 2004, following approval by the boards of directors of both firms.

The companies entered into a definitive agreement on 3 August, when Skyworks said that it would pay $405m in cash plus up to an additional $20m if performance targets are exceeded over a 12-month post-closing period.

Excluding any non-recurring acquisition-related charges and amortization of intangibles, Skyworks expects the acquisition to be immediately accretive to diluted earnings per share.

The acquisition is expected to augment Skyworks’ capabilities in wireless connectivity by adding ultra-low-power analog circuits to enable smart interfaces via acoustic signal processing, sensors and integrated software, expanding the firm’s addressable market by over $5bn. Target applications include AI speakers/microphones, virtual assistants, intelligent gaming controllers and vehicle in-dash systems as well as wired/wireless headsets.

At the heart of Avnera’s system solutions are market-specific ASoCs that combine audio/voice analog circuits, highly efficient power management and custom hardware accelerators for smart acoustic signal processing/AI features. The ASoCs are claimed to achieve the highest level of integration in the industry and set a new benchmark for power consumption and footprint ─ underpinned by more than 100 issued and pending patents. Key customers include Harman, JBL, Panasonic, Philips, Pioneer, Polk, Samsung, Sennheiser, Sony, Vizio and Yamaha.

See related items:

Skyworks to acquire analog-system-on-chip designer Avnera

Tags: Skyworks

Visit: www.skyworksinc.com

Visit: www.avnera.com