Price action over last quarter: Up 9.03%
Company Description
Silicon Laboratories Inc develops semiconductors, software, and system solutions for the Internet of Things, Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, mixed-signal analog intensive products, consisting of diverse product areas, which the company groups into four categories: Internet of Things, broadcast, infrastructure and access. The Internet of Things category is the largest contributor to the company s total revenue. Geographically, the company mainly operates in the United States and China, with the U.S. the largest source of revenue.
Operator
Good morning. My name is Matt, and I will be your conference operator for today. At this time, I would like to welcome everyone to Silicon Labs First Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Austin Dean, Silicon Labs Investor Relations Manager. Please go ahead.
Austin Dean
Investor Relations Manager
Thank you, Matt, and good morning everyone. Tyson Tuttle, Chief Executive Officer, John Hollister, Chief Financial Officer, and Giovanni Pacelli, Senior Director of Finance are on today s call.
We will discuss our financial performance for the first quarter, and review our business activities. After our prepared comments, we will take questions. Our earnings press release and the accompanying financial tables are available in the Investor Relations section of our website at www.silabs.com. This call is also being webcast and a replay will be available for four weeks.
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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�