Skyworks closes acquisition of SiGe Semiconductor

WOBURN, USA: Skyworks Solutions Inc., an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, closed its acquisition of SiGe Semiconductor Inc., a leading global supplier of radio frequency (RF) 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 amortization 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.