Silicon Laboratories sells automotive and infrastructure business to Skyworks

Silicon Laboratories announced the sale of its infrastructure and automotive business to Skyworks Solutions. The transaction will be valued at 2.75 billion.

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Silicon Laboratories

The Texas-based Silicon Laboratories announced the sale of its infrastructure and automotive business to Skyworks Solutions. The transaction will be worth $2.75 billion. In fact, the chipmaker intends to boost the wireless chip business for smart home appliances.

The deal, which is expected to close in the third quarter of 2021, covers Silicon Labs' power and isolation chips used in electric cars, all related intellectual property and 350 employees.

In recent years Silicon Labs has focused on the IoT market, selling wireless chips for smart home devices, and has struck deals with manufacturers by encapsulating several standards into a single chip that can interface with home networks from Alphabet Inc (GOOGL.O), Google and Amazon (AMZN.O).

Tyson Tuttle, CEO of Silicon Labs, told Reuters that IoT chips account for about 60 percent of the company's business, with revenues growing by more than 20 percent a year, but they have different customer bases and supply chains than the company's automotive and infrastructure businesses. "What we're doing in IoT is also about software, wireless connectivity, the wide range of applications in the platform we're developing, elements that require focus and clarity to really optimize."

Skyworks Solutions is considered an innovator of high-performance analog semiconductors. Its solutions are distributed in Europe by Acal e Richardson RFPD (group company Arrow).

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