Shares of Skyworks Solutions Inc. (SWKS) are currently gaining over 4% on Friday morning after the company said it has agreed to buy Silicon Laboratories Inc's (SLAB) infrastructure and automotive business for $2.75 billion.
The deal includes Silicon Labs' power/isolation, timing and broadcast products, intellectual property and associated employees.
The deal is expected to close in the third quarter of 2021, the company said.
Skyworks said it expects the deal to be immediately accretive and to accelerate the path to Skyworks achieving its target financial model.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.