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Skyworks Buys Avnera For $405M

Irvine-based semiconductor developer Skyworks announced this morning that it is acquiring Avnera Corporation, a developer of analog and mixed signal audio, voice, and speech processing semiconductors, for up to $425M. Skyworks said it will pay $405M in cash for Avnera, plus up to $20M more in performance milestones. Avnera's customers include Harman, JBL, Panasonic, Philips, Pioneer, Polk, Samsung, Sennheiser, Sony, Vizio and Yamaha. The company is based in Beaverton, Oregon. Skyworks said the acquisition of Avnera will help it expand its footprint in automotive, industrial, home automation, enterprise and high-end consumer markets.