Skyworks Completes Acquisition of the Infrastructure & Automotive Business of Silicon Labs | Business

IRVINE, Calif .– (BUSINESS WIRE) – Aug. July 2021–

Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors that connect people, places and things, announced today that it has completed the acquisition of the infrastructure and automotive businesses of Silicon Laboratories Inc. (Nasdaq: SLAB). in a pure cash asset transaction valued at $ 2.75 billion.

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Skyworks has completed the acquisition of the Infrastructure & Automotive business from Silicon Labs. (Graphic: Business Wire)

“On behalf of the entire Skyworks organization, I would like to say hello to the Infrastructure & Automotive team,” said Liam K. Griffin, chairman, chief executive officer and president of Skyworks. “In addition to a strong legacy of innovation and implementation, the I&A business brings with it a highly diversified customer base that will enable our continuous expansion into strategic end markets. Together we will accelerate profitable growth in key industrial segments including electric and hybrid vehicles, industrial and motor control, power supply, wireless 5G infrastructure, optical data communications and data centers. “

About Skyworks

Skyworks Solutions, Inc. is supporting the wireless networking revolution. Our highly innovative analog semiconductors connect people, places and things and encompass a number of new and previously unimagined applications in the fields of aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and games, industry, medicine, military, smartphone, tablet and Wearable Markets.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities throughout Asia, Europe and North America and is a member of the S&P 500 ® and Nasdaq-100 ® (Nasdaq: SWKS) market indices. For more information, please visit the Skyworks website at: www.skyworksinc.com.

Safe Harbor Statement

All forward-looking statements contained in this press release are intended to qualify as a safe haven from liability under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, information regarding the expected operational benefits, business prospects, and financial implications related to Skyworks’ acquisition of the infrastructure and automotive businesses from Silicon Labs. Forward-looking statements are often identified by words such as “expects”, “expects”, “forecast”, “intends”, “believes”, “planet”, “may”, “will” or “continue” and similar expressions and variations or Negatives of these words. Actual events and / or results could differ materially and adversely from such forward-looking statements due to certain risks and uncertainties including, but not limited to the outcome of legal proceedings that may be initiated against Skyworks or its directors regarding the Transaction; Skyworks’ ability to successfully integrate the assets and employees transferred as part of the Transaction; the risk that Skyworks will not realize the anticipated benefits from the transaction; the availability and pricing of third party semiconductor foundry, assembly and testing capabilities, raw materials and supplier components; the cyclical nature of the semiconductor industry; Risks that the transaction will interfere with current plans and operations and the potential difficulties in employee retention as a result of the transaction; Skyworks’ ability to generate design wins from customers; technological and product development risks; Enforcement and protection of intellectual property rights and related risks; Risks related to the security of our information systems and secured networks; Changes in laws, regulations and / or policies that could adversely affect our business and financial results, the economy, customer demand for products, the financial markets or the effects of exchange rate fluctuations; Risks from changes in US or international tax rates or laws; the impact of the global COVID-19 pandemic; the impact of local and national economic, credit and capital market conditions on the economy in general; and other risks and uncertainties described herein and the risks and uncertainties set out in the “Risk Factors” section of Skyworks’ latest Annual Report on Form 10-K (and / or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission (“SEC”). Copies of Skyworks’ filings with the SEC are available free of charge on the Skyworks website (www.skyworksinc.com) or on the SEC website (www.sec.gov). All forward-looking statements contained in this press release speak only as of the date of this press release and we assume no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.

Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United States and other countries. Third party trademarks and names are used for identification purposes only and are the property of their respective owners.

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CONTACT: Media relations:

Constance Griffiths

(949) 231-4207 Investor Relations:

Mitch Haws

(949) 231-3223

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: SEMICONDUCTOR AUTOMOTIVE GENERAL AUTOMOTIVE TECHNOLOGY MOBILE / WIRELESS SOFTWARE HARDWARE

SOURCE: Skyworks Solutions, Inc.

Copyright Business Wire 2021.

PUB: 7/26/2021 8:05 AM / DISC: 7/26/2021 8:06 AM

http://www.businesswire.com/news/home/20210726005252/en

Copyright Business Wire 2021.