Skyworks Solutions is to acquire PMC-Sierra in a $2billion cash deal. According to Skyworks, the deal enhances its position as a diversified analogue, RF and mixed signal semiconductor provider.Skyworks Solutions is to acquire PMC-Sierra in a $2billion cash deal. According to Skyworks, the deal enhances its position as a diversified analogue, RF and mixed signal semiconductor provider.
“With our acquisition of PMC, Skyworks will be [well] positioned to capitalise on the explosive demand for high performance solutions that seamlessly connect, transport and store Big Data,” said David Aldrich, Skyworks’ chairman and CEO. “Specifically, we plan to leverage PMC’s innovative storage systems, flash controllers, optical switches and network infrastructure solutions to expand our engagements with some of the world’s leading OEMs and ODMs, as well as emerging hyperscale data centre customers.
“At a higher level, this complementary … acquisition is consistent with our stated strategy of diversifying into adjacent vertical markets while leveraging our system-level expertise and global scale.”
With an expanded product portfolio, customer base and end market applications, Skyworks expects its annual revenues to grow to around $4bn from the current level of $2.3bn.
Greg Lang, president and CEO of PMC, noted: “Together, we plan to develop a wider range of leading edge solutions for our customers, target new growth vectors and enable some of the most exciting networking and storage platforms in the world.”
Since its establishment in 2002, Skyworks has made a number of acquisitions, including analogue specialist Advanced Analogic Technologies and RF front end specialist SiGe Semiconductor.
Author
Graham Pitcher
Source: www.newelectronics.co.uk