Skyworks Closes Acquisition of Smart Interface Innovator Avnera Corporation
17 Agosto 2018 - 7:00PM
Business Wire
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high
performance analog semiconductors connecting people, places and
things, today closed its acquisition of Avnera Corporation, a
leading developer of Analog System on Chips (ASoCs). The companies
entered into a definitive agreement on August 3, 2018.
Per the terms of the agreement, Skyworks paid cash for the
acquisition, which was approved by the boards of directors of both
Skyworks and Avnera. Excluding any non-recurring
acquisition-related charges and amortization of intangibles,
Skyworks expects the acquisition to be immediately accretive to
diluted earnings per share.
About Skyworks
Skyworks Solutions, Inc. is empowering the wireless networking
revolution. Our highly innovative analog semiconductors are
connecting people, places and things spanning a number of new and
previously unimagined applications within the aerospace,
automotive, broadband, cellular infrastructure, connected home,
industrial, medical, military, smartphone, tablet and wearable
markets.
Skyworks is a global company with engineering, marketing,
operations, sales and support facilities located throughout Asia,
Europe and North America and is a member of the S&P 500® and
Nasdaq-100® market indices (NASDAQ: SWKS). For more information,
please visit Skyworks’ website at: www.skyworksinc.com.
Safe Harbor Statement
Any forward-looking statements contained in this press release
are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. Forward-looking statements include without limitation
information relating to future events, results and expectations of
Skyworks. Forward-looking statements can often be identified by
words such as "anticipates," "expects," "forecasts," "intends,"
"believes," "plans," "may," "will" or "continue," and similar
expressions and variations (or negatives) of these words. Actual
events and/or results may differ materially and adversely from such
forward-looking statements as a result of certain risks and
uncertainties including, but not limited to, our ability to satisfy
the closing conditions and close our acquisition of Avnera
Corporation; our ability to successfully integrate Avnera
Corporation’s operations; our ability to make certain investments
and acquisitions, integrate companies we acquire, and/or enter into
strategic alliances; changes in laws, regulations and/or policies
that could adversely affect our operations and financial results;
our ability to continue to grow and maintain an intellectual
property portfolio and obtain needed licenses from third parties;
our ability to retain, recruit and hire key executives, technical
personnel and other employees in the positions and numbers, with
the experience and capabilities, and at the compensation levels
needed to implement our business and product plans; our ability to
obtain design wins from customers; our ability to timely and
accurately predict market requirements and evolving industry
standards and to identify opportunities in new markets; our ability
to develop, manufacture, and market innovative products and avoid
product obsolescence; our ability to compete in the marketplace and
achieve market acceptance of our products; the availability and
pricing of third-party semiconductor foundry, assembly and test
capacity, raw materials and supplier components; the quality of our
products; and other risks and uncertainties identified in the "Risk
Factors" section of Skyworks' most recent Annual Report on Form
10-K (and/or Quarterly Report on Form 10-Q) as filed with
the Securities and Exchange Commission ("SEC"). Copies of
Skyworks' SEC filings can be obtained, free of charge, on
Skyworks' website (www.skyworksinc.com) or at the SEC's website
(www.sec.gov). Any forward-looking statements contained in this
press release are made only as of the date hereof, and we undertake
no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Note to Editors: Skyworks and the Skyworks symbol are trademarks
or registered trademarks of Skyworks Solutions, Inc. or its
subsidiaries in the United States and other countries. Third-party
brands and names are for identification purposes only, and are the
property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20180817005416/en/
Skyworks Solutions, Inc.Media Relations:Pilar
Barrigas(949) 231-3061orInvestor Relations:Mitch Haws(949)
231-3223
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