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© Skyworks Solutions
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Skyworks closes acquisition of Avnera

Analog semiconductors provider, Skyworks Solutions, has closed its acquisition of Avnera Corporation, a developer of Analog System on Chips (ASoCs).

Per the terms of the agreement, Skyworks paid USD 405 million in cash to Avnera equity holders – with up to an additional USD 20 million if certain performance targets are exceeded over a 12-month post-closing period – which was approved by the boards of directors of both Skyworks and Avnera. The companies entered into a definitive agreement on August 3, 2018.

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March 15 2024 2:25 pm V22.4.5-1
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