Silicon Labs Announces Agreement to Divest Infrastructure and Automotive Business
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Silicon Labs (SLAB) to Resume Trading at 4:35 p.m.
April 22, 2021 4:25 PM EDTSilicon Labs (NASDAQ: SLAB) to Resume Trading at 4:35 p.m.
Skyworks Solutions (SWKS) to Acquire the Infrastructure & Automotive Business of Silicon Labs (SLAB) for $2.75 Billion
April 22, 2021 4:07 PM EDTSkyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, today announced that it has entered into a definitive agreement with Silicon Laboratories Inc. (Nasdaq: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, under which Skyworks will acquire the Infrastructure & Automotive business of Silicon Labs in an all-cash asset transaction valued at $2.75 billion.
Over the past two decades, Silicon Labs has developed the Infrastructure & Automotive business into a leader in each of its target markets,... More
