Monday, May 16, 2011

Skyworks to Acquire SiGe Semiconductor

Skyworks Solutions will acquire SiGe Semiconductor, a supplier of radio frequency (RF) front-end solutions, for $210 million in cash, plus an additional $65 million if certain performance targets are met over the next 12 months.

SiGe Semiconductor specializes in solutions required by 802.11b/g/a/n, Bluetooth, WiMAX, GPS and ZigBee Systems. The company's innovative utilization of silicon-based semiconductor technologies simplifies the integration of RF signal processing. Its customers include Cisco, Dell, Huawei, Hewlett-Packard, NetGear, Itron, Microsoft, Nintendo, Samsung and Sony.

Skyworks said the addition of SiGe's innovative short range, silicon-based products will enable it to offer its customers a more complete product portfolio.

"Skyworks' acquisition of SiGe Semiconductor underscores our commitment to capitalize on ubiquitous wireless connectivity," said David J. Aldrich, president and chief executive officer of Skyworks. "To that end, this acquisition is highly complementary in terms of our addressed markets, sales channels, process technologies, design methodologies and baseband partnerships. At the same time, the SiGe business presents significant operational and cost synergies yielding immediate earnings accretion and long-term shareholder value creation."

See also