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Skywords buys SiGe for $275M

Posted: 20 May 2011 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition? wireless? networking?

Skyworks Solutions Inc. has announced its purchace of SiGe Semiconductor Inc. for $275 million in cash. Skyworks specializes in mixed-signal chips, while SiGe develops front-end RF solutions.

Massachusetts-based Skyworks said the acquisition would complement their status in wide area front-end solutions. The company will be able to offer customers a comprehensive wireless networking product portfolio, supporting all key operating frequencies with architectural flexibility to address a variety of high-growth applications.

Skyworks intends to immediately expand its addressable content opportunity within several strategic product areas including smartphones, tablets, gaming consoles, notebook PCs and home automation systems via the transaction.

David Aldrich, Skyworks president and CEO, said the acquisition underscores the company's commitment to capitalize on wireless connectivity. "To that end, this acquisition is highly complementary in terms of our addressed markets, sales channels, process technologies, design methodologies and baseband partnerships," Aldrich said.

Skyworks will pay $210 million in cashplus an additional $65 million if certain performance targets are met over the next 12 monthsto acquire SiGe, Skyworks said. The transaction has been approved by Skyworks' and SiGe's boards of directors and is anticipated to close in June, the company added.

- Dylan McGrath
??EE Times

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