Analog/Mixed Signal

Silicon Labs completes sale of auto and infrastructure to Skyworks

27 July 2021

Silicon Labs has completed the divestiture of its infrastructure and automotive business to Skyworks Solutions.

The all-cash transaction will position Silicon Labs as a pure play provider of wireless connectivity for markets such as the internet of things (IoT) and other wireless connectivity segments.

Silicon Labs said it expects a significant portion of the net proceeds of about $2.3 billion after taxes and transaction costs to return about $2.0 billion to shareholders through share repurchases and dividends.

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