To expand portfolio with complementary analog semiconductor products
Skyworks Solutions, a provider of reliability analog and mixed signal semiconductors, has signed a definitive agreement to acquire Advanced Analogic Technologies, an analog semiconductor company focused on enabling energy-efficient devices for consumer electronics, computing and communications markets.
Though this acquisition, Skyworks will expand its portfolio with complementary analog semiconductor products including battery chargers, DC/DC converters, voltage regulators and LED drivers.
Skyworks president and chief executive officer David Aldrich said the company’s acquisition of Advanced Analogic Technologies will enable them to further capitalise on their strong smart phone, tablet, set-top box and infrastructure positions with an expanded and differentiated product portfolio while accelerating their entry into new vertical markets.
"At a higher level, analog power management semiconductors represent a strategic growth market for Skyworks as our customers increasingly demand both ubiquitous wireless connectivity and power optimisation across seemingly every kind of electronic platform," Aldrich said.
"With Advanced Analogic Technologies, Skyworks will be well positioned to address these massive twin market opportunities leveraging our broad customer relationships, innovative product portfolios and increasing operational scale."
Skyworks has entered into a definitive agreement to acquire Advanced Analogic Technologies for a nominal price of $6.13 per share, representing a 52% premium to Advanced Analogic Technologies’ 30-day trailing average.