Skyworks Acquires Axiom Microdevices
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

June 3, 2009... Skyworks Solutions, Inc. of Woburn, Massachusetts USA, announced its acquisition of Axiom Microdevices, a volume supplier of CMOS-based power amplifiers for mobile phones. Terms of the acquisition were not disclosed. Skyworks expects the transaction to be earnings per share neutral in fiscal year 2009 and accretive thereafter. David J. Aldrich, president and chief executive officer of Skyworks commented, “With the addition of Axiom’s patent and product design portfolio, we can further our industry leadership position. At the same time, this acquisition supports our existing product road maps in adjacent linear products markets, such as low power smart grid networks and wireless meter reading, where we maintain a first-mover advantage. " Skyworks News Release

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