IRVINE, Calif.--Aug. 17, 2018-- Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of highperformance analog semiconductors connecting people, places and things,today closed its acquisition of Avnera Corporation, a leading developerof Analog System on Chips (ASoCs). The companies entered into adefinitive agreement on August 3, 2018.
Per the terms of the agreement, Skyworks paid cash for the acquisition,which was approved by the boards of directors of both Skyworks andAvnera. Excluding any non-recurring acquisition-related charges andamortization of intangibles, Skyworks expects the acquisition to beimmediately accretive to diluted earnings per share.
Skyworks Solutions, Inc. is empowering the wireless networkingrevolution. Our highly innovative analog semiconductors are connectingpeople, places and things spanning a number of new and previouslyunimagined applications within the aerospace, automotive, broadband,cellular infrastructure, connected home, industrial, medical, military,smartphone, tablet and wearable markets.
Skyworks is a global company with engineering, marketing, operations,sales and support facilities located throughout Asia, Europe and NorthAmerica and is a member of the S&P 500® and Nasdaq-100® market indices(NASDAQ: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com.