Skyworks to Acquire Advanced Analogic Technologies
Skyworks Solutions, Inc. has signed a definitive agreement to purchase Advanced Analogic Technologies Inc.. This acquisition expands Skyworks’ portfolio with highly complementary analog semiconductor products including battery chargers, dc-dc converters, voltage regulators and LED drivers.
"Skyworks’ acquisition of Advanced Analogic Technologies will enable us to further capitalize on our strong smart phone, tablet, set-top box and infrastructure positions with an expanded and differentiated product portfolio while accelerating our entry into new vertical markets," said David J. Aldrich, President and Chief Executive Officer of Skyworks. "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 optimization across seemingly every kind of electronic platform. 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."