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�
Silicon Labs Appoints Daniel Cooley as Chief Technology Officer
Former CTO Alessandro Piovaccari to Serve as Technical Advisor
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AUSTIN, Texas, April 23, 2021 /PRNewswire/ Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced the appointment of Daniel Cooley – formerly chief strategy officer – to chief technology officer. Cooley is an industry-respected, IoT technology visionary and has been instrumental in building the unmatched breadth and depth of the company s wireless connectivity portfolio.
Daniel Cooley is Chief Technology Officer at Silicon Labs
Since 2005, Cooley has served in a variety of engineering and business leadership positions at Silicon Labs in the US, Asia and Europe. As CTO, Cooley is responsible for the company s overall research and development strategy and execution, and he will work closely
#post contentSilicon Labs (NASDAQ: SLAB) has reported a definitive asset purchase agreement to sell its Infrastructure & Automotive business to Skyworks Solutions, Inc. (NASDAQ: SWKS) for USD 2.75 Billion in cash.
Austin s Silicon Labs sells off business unit in $2.75 billion deal Kara Carlson, Austin American-Statesman
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Austin-based Silicon Labs is selling its infrastructure and automotive business to a California-based semiconductor manufacturer for $2.75 billion.
Silicon Labs said it is selling the division to Irvine California-based Skyworks Solutions, which primarily manufacturers semiconductors for radio frequency and mobile communications systems, in an all-cash transaction. The deal is expected to close in the company s third quarter.
Silicon Labs said the divestment will allow it to focus on its growing Internet of Things business.
Silicon Labs primarily designs and manufactures semiconductors and other silicon devices, and has increasingly focused on its wireless chips, which are used by customers to build Internet of Things products. About 770 of its 1,00 employees are based in Austin.
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