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Skyworks to Acquire the Infrastructure & Automotive Business of Silicon Labs

Skyworks to Acquire the Infrastructure & Automotive Business of Silicon Labs Skyworks Solutions, Inc., an innovator of high-performance analog semiconductors connecting people, places and things, announced that it has entered into a definitive agreement with Silicon Laboratories Inc., a leading provider of silicon, software and solutions for a smarter, more connected world, under which Skyworks will acquire the Infrastructure & Automotive business of Silicon Labs in an all-cash asset transaction valued at $2.75 billion. Over the past two decades, Silicon Labs has developed the Infrastructure & Automotive business into a leader in each of its target markets, providing best-in-class 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

Skyworks Solutions, Inc (NASDAQ:SWKS), Silicon Laboratories, Inc (NASDAQ:SLAB) - Silicon Lab s Stock Is Trading Higher On Skyworks $2 75B Acquisition Of Infrastructure & Automotive Business

Skyworks Solutions, Inc (NASDAQ:SWKS), Silicon Laboratories, Inc (NASDAQ:SLAB) - Silicon Lab s Stock Is Trading Higher On Skyworks $2 75B Acquisition Of Infrastructure & Automotive Business
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Mattel, Snap rise; American Express, Kimberly-Clark fall

Mattel, Snap rise; American Express, Kimberly-Clark fall April 23, 2021 FacebookTwitterEmail Snap Inc., up, $4.25 to $61.30. The company behind Snapchat beat Wall Street s first-quarter earnings and revenue forecasts. Boston Beer Co., up $37.90 to $1,283.90. The brewer of Samuel Adams beer blew away analysts first-quarter profit forecasts on strong demand. Mattel Inc., up 17 cents to $21.05. The maker of Barbie, Hot Wheels and other toys beat Wall Street s first-quarter earnings and revenue forecasts. Skechers U.S.A. Inc., up $7.39 to $51.90. The shoe company said customer traffic is improving and it reported strong first-quarter financial results. Quidel Corp., down $6.21 to $116.01. The maker of diagnostic health care products gave investors a weak revenue forecast.

Silicon Labs Reports Agreement to Sell Infrastructure & Automotive Business | #site_titleSilicon Labs Reports Agreement to Sell Infrastructure & Automotive Business

Skyworks to buy Silicon Labs division for $2 75B

News Wire Feed Light Reading 4/23/2021 IRVINE, Calif. – Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today announced that it has entered into a definitive agreement with Silicon Laboratories Inc. (Nasdaq: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, under which Skyworks will acquire the Infrastructure & Automotive business of Silicon Labs in an all-cash asset transaction valued at $2.75 billion. Over the past two decades, Silicon Labs has developed the Infrastructure & Automotive business into a leader in each of its target markets, providing best-in-class 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

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