News: Microelectronics
26 July 2021
Skyworks completes acquisition of Silicon Labs’ Infrastructure & Automotive business
Skyworks Solutions Inc of Irvine, CA, USA (which manufactures analog and mixed-signal semiconductors) has completed its acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc of Austin, TX, USA (a provider of silicon, software and solutions) in an all-cash asset transaction valued at $2.75bn.
Over the past two decades, the Infrastructure & Automotive business has provided solutions to a highly diversified customer base. 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.
Mark Thompson, senior VP of Silicon Labs and general manager of the Infrastructure & Automotive business, joins Skyworks, reporting directly to Skyworks’ chairman, CEO & president Liam K. Griffin. In addition, about 350 staff, including the senior management team of the business, join Skyworks.
“In addition to a strong legacy of innovation and execution, the I&A business brings a highly diversified customer base that will enable our continued expansion into strategic end-markets,” comments Skyworks’ chairman, CEO & president Liam K. Griffin. “Together, we will accelerate profitable growth in key industry segments, including electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure, optical data communications and data center.”
Skyworks reports record March-quarter revenue of $1.172bn, up 53% year-on-year
Skyworks prices offering of senior notes to raise $1.5bn
Skyworks acquiring Silicon Labs’ Infrastructure & Automotive business for $2.75bn
