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Silicon Labs sells Aero line to NXP

Posted: 28 Mar 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Aero products? NXP Aero products?

Silicon Laboratories Inc. has finalized the sale of the Aero product linesAero transceiver, AeroFONE single-chip phone and power amplifierto NXP for $285 million. Following the sale, Silicon Laboratories will now focus on the long-term growth potential of mixed-signal business.

"With the close of this transaction, our focus will be on mixed-signal product lines where the expected return on investment is aligned with our business model targets," said Necip Sayiner, president and CEO of Silicon Laboratories.

The transaction will have an additional earn-out potential of up to an aggregate of $65 million over the next three years based on the broad acceptance of AeroFONE technology.

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