TechTaffy

tech:

taffy

Skyworks to acquire Avnera

By Sudarshana Banerjee

Skyworks Solutions has signed a definitive agreement to purchase Avnera, a developer of Analog System on Chips (ASoCs). Skyworks will pay $405 million in cash to Avnera equity holders at closing, with up to an additional $20 million if certain performance targets are exceeded over a 12-month post-closing period. The transaction has been approved by the boards of directors of both Skyworks and Avnera and is anticipated to close by September 2018, subject to customary closing conditions.

Upon closing, Skyworks will expand its addressable market by over $5 billion, said the company in a statement. Target applications include AI speakers/microphones, virtual assistants, intelligent gaming controllers and vehicle in-dash systems as well as wired/wireless headsets.

Avnera customers include Harman, JBL, Panasonic, Philips, Pioneer, Polk, Samsung, Sennheiser, Sony, Vizio and Yamaha, according to a statement from Skyworks.

[Image courtesy: Skyworks]

Also see:

IT

Palantir, Panasonic Energy form partnership for AI-driven smart factory operations

Panasonic Energy has teamed up with Palantir Technologies to deliver an AI-driven smart factory for their facility in Sparks, Nevada.
IT

Cisco to acquire Armorblox

Cisco has announced plans to acquire Armorblox, a cybersecurity firm specializing in the use of Large Language Models (LLMs) and natural language understanding. 
IT

Jacobs, Palantir amplify partnership, driving AI innovations in infrastructure and supply chain management

Jacobs, a global technology-forward solutions provider, is scaling up its collaboration with Palantir Technologies, known for its advanced artificial intelligence (AI) capabilities.
IT

Microsoft, Fujitsu forge strategic partnership; outline Uvance investment

Fujitsu and Microsoft have inked a five-year strategic alliance to accelerate their existing partnership. Both companies are investing in the growth of Fujitsu's multibillion-dollar Uvance business, as part of the collaboration.
IT

MongoDB, Alibaba extend partnership for enhanced database services

MongoDB and Alibaba Cloud, the digital technology component of Alibaba Group, have announced a four-year extension to their existing global partnership.