Silicon Labs Completes Divestiture of Infrastructure & Automotive Business

By Tiera Oliver

Associate Editor

Embedded Computing Design

July 26, 2021

News

Silicon Labs Completes Divestiture of Infrastructure & Automotive Business

Silicon Labs announced the completion of the divestiture of its Infrastructure & Automotive business to Skyworks Solutions for $2.75 billion in an all-cash asset transaction.

“I thank the dedicated team at both companies for executing a transformative transaction,” said Silicon Labs CEO Tyson Tuttle. “To my former infrastructure and automotive colleagues, you have not only been a cornerstone of Silicon Labs’ success but also a personal source of pride. We wish you continued successes at Skyworks Solutions.”

The closure officially positions Silicon Labs as a pure-play leader of secure, intelligent wireless connectivity. The company’s wireless development platform, product portfolio, security technology, and robust ecosystem enable it to capitalize on the global IoT market. 

Silicon Labs expects to utilize a portion of the net proceeds of approximately $2.3 billion after taxes and transaction costs to return approximately $2.0 billion to shareholders through a combination of special dividends and/or share repurchases. 

 For more information, visit: news.silabs.com

 

Featured Companies

Silicon Labs

400 West Cesar Chavez
Austin, TX 78701

Skyworks

5221 California Ave
Irvine, CA 92617

Tiera Oliver, Associate Editor for Embedded Computing Design, is responsible for web content edits, product news, and constructing stories. She also assists with newsletter updates as well as contributing and editing content for ECD podcasts and the ECD YouTube channel. Before working at ECD, Tiera graduated from Northern Arizona University where she received her B.S. in journalism and political science and worked as a news reporter for the university’s student led newspaper, The Lumberjack.

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