Skyworks to pay up to $275 million for SiGe
Skyworks said the acquisition would complement the company’s status in wide area front-end solutions. Skyworks said it 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 said it intends to immediately expands its addressable content opportunity within several strategic product areas including smart phones, 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 cash—plus an additional $65 million if certain performance targets are met over the next 12 months—to 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 said.
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