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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
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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

Silicon Labs Appoints Matt Johnson to President

Silicon Labs Appoints Matt Johnson to President
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Silicon Labs to sell infrastructure-automotive unit for $2 75 bln

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