Chipmaker Skyworks Solutions, Inc. (Nasdaq: SWKS) in Irvine said it had completed its acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc. (Nasdaq: SLAB) in an all-cash asset transaction valued at $2.75 billion.
“Together, we will accelerate profitable growth in key industry segments, including electric and hybrid vehicles, industrial and motor control, power supply, 5G wireless infrastructure, optical data communications and data center,” said Liam Griffin, chairman, chief executive officer and president of Skyworks.
Shares in Skyworks, the third-largest publicly traded OC company, were little changed at $192.74 apiece for a market cap of $31.8 billion.
