Skyworks Solutions Inc., maker of analog semiconductors, announced plans to buy the Infrastructure and Automotive business of Silicon Laboratories Inc. for $2.75 billion.
Skyworks is hoping to accelerate their expansion into important growth segments including electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure and smart homes. Skyworks said it will be “uniquely positioned” for a market opportunity approaching $20 billion.
The all-cash transaction, which is expected to close during the third calendar quarter of 2021, has been approved by the boards of directors of both companies.
Read more about this acquisition here:
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