Skyworks Acquires Filter Joint Venture with Panasonic
Skyworks Solutions, Inc. recently announced that it has acquired the remaining 34% interest in the filter joint venture it created with Panasonic in 2014.
Skyworks Solutions, Inc. recently announced that for $76.5 million, it has acquired the remaining 34% interest it did not already own in the filter joint venture it created with Panasonic in 2014. In August 2015, Skyworks expanded its production capacity with the addition of a 405,000-sq-ft facility in Osaka, Japan, to help meet the growing demand for highly integrated solutions leveraging filter technology. To date, total production has exceeded more than two billion filters. The acquisition is not expected to impact Skyworks’ consolidated financial statements, as operations have been consolidated with Skyworks’ financial statements since the date of the initial joint venture.
“With this acquisition, Skyworks has strengthened its leadership position as one of the world’s largest providers of high-performance, integrated-filter solutions,” said Liam K. Griffin, president and CEO. “Given the proliferation of frequency bands, the addition of LTE capabilities and market demand for always-on connectivity, the need for filters has never been higher. Our strategic investment uniquely enables us to deliver end-to-end solutions for some of the fastest-growing and most demanding applications in the world requiring high-performance filter technology. Together with external partners, we are successfully addressing the low, mid and high band performance requirements across premium smartphones and IoT applications.”
According to a recent Research and Markets report, the global radio frequency filter market is expected to grow at a compound annual growth rate (CAGR) of 15% during 2016-2020. The rise in the number of frequency bands, modulation schemes and power amplifier modes to support increased mobile data traffic is resulting in high RF front-end complexity.