Skyworks Snaps Up Silicon Labs' Infrastructure and Automotive Business For $2.75B

Skyworks Solutions' shares were up 4.4% in extended trading on Thursday as the semiconductor company announced the acquisition of the infrastructure and automotive business of Silicon Laboratories in an all-cash transaction valued at $2.75 billion. Shares of Silicon Laboratories (SLAB) shot up 12.3% after-hours on the news of the acquisition.