News Article
Skyworks secures SiGe Semiconductor acquisition
The innovator of high reliability analogue and mixed signal semiconductors has closed the acquisition of SiGe Semiconductor.
Skyworks Solutions has closed its acquisition of SiGe Semiconductor, a global supplier of radio frequency front-end solutions that are facilitating wireless multimedia across a wide range of applications.
The companies entered into a definitive agreement on May 17, 2011.
Per the terms of the agreement, Skyworks paid cash for the acquisition, which was approved by Skyworks' board and SiGe's board of directors and stockholders. Excluding any non-recurring acquisition related charges and amortisation of acquired intangibles, the acquisition is expected to be immediately accretive to non-GAAP earnings. More financial and accounting information will be provided during Skyworks' third fiscal quarter 2011 earnings conference call.
