Skyworks to Purchase the Infrastructure & Automotive Business enterprise of Silicon Labs

• Established, Very Financially rewarding Business enterprise Model Aligned with Skyworks’ Strategy

• Envisioned to be Instantly Accretive

• Accelerates Earnings Diversification

• Complementary Product Portfolio in Attractive End Markets

• Blended Market place Possibility Approaching $20 Billion Each year

Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of superior-functionality analog semiconductors connecting people, spots and points, nowadays declared that it has entered into a definitive arrangement with Silicon Laboratories Inc. (Nasdaq: SLAB), a primary supplier of silicon, software program and remedies for a smarter, a lot more linked globe, below which Skyworks will get the Infrastructure & Automotive enterprise of Silicon Labs in an all-cash asset transaction valued at $2.75 billion.

Above the earlier two a long time, Silicon Labs has made the Infrastructure & Automotive company into a chief in each and every of its focus on markets, offering best-in-course alternatives to a extremely diversified consumer base. The acquisition encompasses the technological innovation portfolios and connected assets of Silicon Labs’ power/isolation, timing and broadcast products strains, which are highly complementary to Skyworks’ connectivity portfolio.

The acquisition will speed up Skyworks’ growth into the industry’s most critical advancement segments, together with electrical and hybrid vehicles, industrial and motor handle, ability source, 5G wireless infrastructure, optical facts conversation, details middle, automotive, intelligent residence and many other applications. Skyworks will be uniquely positioned to deal with a put together current market chance approaching $20 billion each year.

Mark Thompson, senior vice president of Silicon Labs and typical supervisor of the Infrastructure & Automotive company, will be part of Skyworks as aspect of the transaction, reporting instantly to Liam K. Griffin, president and chief government officer of Skyworks. In addition, about 350 employees, which includes the senior administration group of the business, are predicted to join Skyworks on completion of the transaction.

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“We are delighted to welcome the Infrastructure & Automotive crew to Skyworks when this transaction is completed,” reported Mr. Griffin. “This acquisition will broadly develop our abilities throughout substantial-advancement close marketplaces like automotive, communications and industrial, generating new and extremely powerful options for Skyworks. By leveraging our international product sales channels, operational scale and deep client interactions, Skyworks is nicely positioned to drive previously mentioned-sector expansion, although diversifying revenues, expanding margins and providing robust returns in earnings and money generation.”

“With our companies’ shared cultures of design excellence and consumer collaboration, I am self-confident that the Infrastructure & Automotive team will carry on their decades-extensive background of delivering industry-top improvements,” reported Silicon Labs CEO Tyson Tuttle. “Silicon Labs and Skyworks will partner to make certain a seamless changeover for customers, suppliers and staff members.”

Skyworks expects the transaction to be promptly accretive and to accelerate the route to Skyworks acquiring its goal fiscal model. The transaction, which is envisioned to near throughout the third calendar quarter of 2021, has been approved by the boards of directors of equally companies and is issue to customary closing circumstances, which includes regulatory approvals.

Skyworks expects to fund the transaction with a mixture of hard cash on hand and dedicated debt funding organized by J.P. Morgan.

Convention Connect with and Webcast

Skyworks will host a conference contact with analysts nowadays at 5 p.m. EDT. To hear to the meeting get in touch with via the Web, remember to visit the trader relations part of Skyworks’ web site. To listen to the convention connect with via telephone, please contact (844) 583-4549 (domestic) or (825) 312-2257 (intercontinental), Convention ID: 8392854.

Playback of the conference phone will start out at 9 p.m. EDT on Apr. 22, 2021, and stop at 9 p.m. EDT on Apr. 28, 2021. The replay will be offered on Skyworks’ web page or by contacting (800) 585-8367 (domestic) or (416) 621-4642 (worldwide), Meeting ID: 8392854.

About Skyworks

Skyworks Methods, Inc. is empowering the wireless networking revolution. Our hugely modern analog semiconductors are connecting men and women, destinations and items spanning a range of new and earlier unimagined applications inside the aerospace, automotive, broadband, cellular infrastructure, related property, industrial, medical, armed forces, smartphone, tablet and wearable markets.

Skyworks is a world company with engineering, marketing, functions, revenue and aid services positioned in the course of Asia, Europe and North The us and is a member of the S&P 500^® and Nasdaq-100^® market indices (Nasdaq: SWKS). For more details, please pay a visit to Skyworks’ web site at: www.skyworksinc.com.

About Silicon Labs

Silicon Labs is a top company of silicon, computer software and remedies for a smarter, more connected planet. Our award-winning technologies are shaping the potential of the World wide web of Matters, Web infrastructure, industrial automation, customer and automotive markets. Our planet-course engineering crew makes products and solutions centered on efficiency, electricity savings, connectivity and simplicity. silabs.com

Risk-free Harbor Statement

Any ahead-hunting statements contained in this push launch are intended to qualify for the secure harbor from liability founded by the Personal Securities Litigation Reform Act of 1995. These ahead-hunting statements consist of, without having limitation, information pertaining to the transaction between Skyworks and Silicon Labs, the expected timetable for finishing the transaction, potential monetary and operating success, the rewards, synergies and accretion connected to the transaction and any other statements by the management of Skyworks or Silicon Labs regarding upcoming expectations, beliefs, aims, strategies or prospects. Forward-hunting statements can typically be recognized by text these kinds of as “anticipates,” “expects,” “forecasts,” “intends,” “thinks,” “designs,” “could,” “will” or “continue on,” and comparable expressions and versions or negatives of these terms. Actual situations and/or effects may possibly vary materially and adversely from these types of ahead-seeking statements as a end result of specific hazards and uncertainties together with, but not minimal to, the event of any function, improve or other circumstances that could give increase to the termination of the obtain settlement the outcome of any lawful proceedings that could be instituted from Skyworks or Silicon Labs, or their respective boards of directors, related to the acquire agreement the means to fulfill the closing ailments of the transaction when predicted or at all, including the receipt of all regulatory approvals connected to the transaction, and the means to shut the transaction the ability of Skyworks to get the required funding preparations established forth in the personal debt dedication letter sent pursuant to the order arrangement the skill of Skyworks to productively combine the belongings obtained and staff members transferred pursuant to the purchase settlement the possibility that Skyworks might not realize the expected added benefits from the transactions contemplated by the purchase arrangement the availability and pricing of third-celebration semiconductor foundry, assembly and check potential, raw elements and provider parts the cyclical character of the semiconductor sector threats that the proposed transaction disrupts present-day designs and operations and the likely troubles in personnel retention as a result of the transaction Skyworks’ potential to receive structure wins from prospects technological and merchandise enhancement pitfalls enforcement and safety of intellectual assets rights and linked pitfalls challenges relevant to the security of our info programs and secured networks changes in guidelines, rules and/or guidelines that could adversely influence Skyworks’ or Silicon Labs’ operations and monetary benefits, the economy, shopper demand for products and solutions, the economical markets or the results of trade fee fluctuations challenges of changes in U.S. or global tax rates or legislation the results of the world-wide COVID-19 pandemic the effects of regional and countrywide financial, credit and money marketplace problems on the economy in basic and other challenges and uncertainties explained herein, as nicely as people dangers and uncertainties talked about from time to time in our other reports and other community filings with the Securities and Exchange Fee (“SEC”), which include, but not restricted to, people specific in Skyworks’ Once-a-year Report on Sort 10-K for the calendar year finished Oct 2, 2020 (and/or its most recent Quarterly Report on Variety 10-Q), submitted with the SEC and in Silicon Labs’ Once-a-year Report on Kind 10-K for the 12 months finished January 2, 2021 (and/or its most recent Quarterly Report on Kind 10-Q), submitted with the SEC. Any forward-searching statements contained in this push launch are manufactured only as of the day hereof and ought to not be relied upon as representing our views as of any subsequent date, and we undertake no obligation to update or revise the ahead-wanting statements, regardless of whether as a final result of new data, foreseeable future functions or or else.

Note to Editors: Skyworks and the Skyworks image are logos or registered trademarks of Skyworks Alternatives, Inc., or its subsidiaries in the United States and other nations around the world. Silicon Laboratories, Silicon Labs, the “S” symbol, the Silicon Laboratories brand and the Silicon Labs brand are emblems of Silicon Laboratories Inc.

Perspective resource variation on businesswire.com: https://www.businesswire.com/information/dwelling/20210422006034/en/

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