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Silicon Labs Announces Agreement to Divest Infrastructure and Automotive Business

Silicon Labs Announces Agreement to Divest Infrastructure and Automotive Business Company to Become Pure-Play Leader of Intelligent, Wireless Connectivity for the IoT News provided by Share this article Highlights:   Skyworks Solutions will acquire the Infrastructure and Automotive business of Silicon Labs for $2.75 billion  Transaction accelerates company s IoT market leadership and growth   Silicon Labs intends to return approximately $2.0 billion to shareholders post-closing  Strategic transaction unlocks significant shareholder value   Silicon Labs (NASDAQ: SLAB) announced today the company has entered into a definitive asset purchase agreement to sell its Infrastructure & Automotive (I&A) business to Skyworks Solutions, Inc. (NASDAQ: SWKS) for $2.75 billion in all-cash consideration. The transaction includes Silicon Labs power/isolation, timing and broadcast products, intellectual property and associated employees. Silicon Labs an

Silicon Labs Appoints Matt Johnson to President

Silicon Labs Appoints Matt Johnson to President Johnson to Accelerate Market Leadership and Growth of Wireless Connectivity for the IoT News provided by Share this article Share this article AUSTIN, Texas, April 22, 2021 /PRNewswire/  Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced the promotion of Matt Johnson to president. A widely experienced business, engineering and operations leader, Johnson served as the company s senior vice president and general manager of IoT Products. He assumes the new role effective immediately and will continue to report to Silicon Labs CEO Tyson Tuttle.  

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