--- description: Skyworks Solutions Inc. has announced a definitive agreement to acquire PMC-Sierra, Inc. Skyworks will pay $10.50 per share to shareholders in an all-cash... title: Skyworks To Acquire PMC-Sierra For $2 Billion In Cash image: https://www.storagereview.com/wp-content/uploads/2015/10/skyworks-logo.jpg --- [![Storage Review]()](https://storagereview.com/) --- [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [![StorageReview.com]()](https://www.storagereview.com) ≡ Menu - [Home](https://www.storagereview.com/) - [Storage Reviews](https://www.storagereview.com/review) - [Consumer Reviews](https://www.storagereview.com/consumer) - [Enterprise Reviews](https://www.storagereview.com/enterprise) - [Ubiquiti Reviews](https://www.storagereview.com/best/ubiquiti-reviews) - [SR Merch](https://store.storagereview.com) - [Leaderboards](https://www.storagereview.com/best) - [Best Storage Arrays](https://www.storagereview.com/best/storage-arrays) - [Best Enterprise SSDs](https://www.storagereview.com/best/enterprise-ssds) - [Best Servers](https://www.storagereview.com/best/servers) - [Best Desktops for Local AI](https://www.storagereview.com/best/desktops-local-ai) - [Best Laptops for Local AI](https://www.storagereview.com/best/laptops-local-ai) - [Best Local LLM Tools](https://www.storagereview.com/best/local-llm-tools) - [Agentic AI Hardware](https://www.storagereview.com/best/agentic-ai-hardware) - [Best SSDs & Hard Drives](https://www.storagereview.com/best_drives) - [Best Portable SSDs](https://www.storagereview.com/best/portable-ssds) - [Best Business Laptops](https://www.storagereview.com/best/business-laptops) - [Best Mobile Workstations](https://www.storagereview.com/best/mobile-workstations) - [Best Desktop Workstations](https://www.storagereview.com/best/desktop-workstations) - [Best Laptop Battery Life](https://www.storagereview.com/best/laptop-battery-life) - [Storage Reference Guide](https://www.storagereview.com/storage-reference-guide) - [About SR](https://www.storagereview.com/about-storagereview) - [StorageReview.com Sweepstakes Rules and Regulations](https://www.storagereview.com/storagereview-com-sweepstakes-rules-and-regulations) Search [Home](https://www.storagereview.com/) » [News](https://www.storagereview.com/news) » Skyworks To Acquire PMC-Sierra For $2 Billion In Cash # Skyworks To Acquire PMC-Sierra For $2 Billion In Cash by Adam Armstrong on October 7, 2015 Skyworks Solutions Inc. has announced a definitive agreement to acquire PMC-Sierra, Inc. Skyworks will pay $10.50 per share to shareholders in an all-cash transaction that is estimated to be valued at $2 billion. Skyworks will fund the transaction with cash on had from the two companies and with new, fully committed debt financing. After completing the acquisition, Skyworks expects annual revenues of more than $4 billion with gross margin in the 55% range and operating margin exceeding 40%. ![]() The acquisition of PMC will give Skyworks that ability to capitalize on the demand for high performance solutions that seamlessly connect, transport, and store Big Data. Skyworks will be able to leverage PMC's innovative storage systems, flash controllers, optical switches, and network infrastructure solutions to strengthen its relationships with OEMs and ODMs. PMC will be able to take advantage of Skyworks deep global sales channels. The two companies will work to produce a wider range of leading-edge solutions for their customers. Under the terms of the agreement, PMC's stockholders will receive $10.50 in cash for each share of PMC common stock held at closing. This price represents a 37% premium to the close of PMC's stock as of October 5, 2015. The transaction has been approved by both Boards of Directors of each company and is expected to close in the first half of calendar 2016, subject to PMC shareholder approval, receipt of regulatory approvals and other customary closing conditions. [Skyworks main site](http://www.skyworksinc.com/Default.aspx) [PMC-Sierra main site](http://pmcs.com) [Discuss this story](http://forums.storagereview.com/index.php/topic/38165-skyworks-to-acquire-pmc-sierra-for-2-billion-in-cash/) [Sign up for the StorageReview newsletter](https://www.storagereview.com/storage_newsletter) **Engage with StorageReview** [Newsletter](https://www.storagereview.com/storage_newsletter) |  [YouTube](https://www.youtube.com/user/StorageReview "Opens in a new window") | Podcast  [iTunes](https://podcasts.apple.com/gb/podcast/storagereview-com-storage-reviews/id1060681115 "Opens in a new window")/ [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0 "Opens in a new window") |  [Instagram](https://www.instagram.com/storagereview/ "Opens in a new window") |  [Twitter](https://twitter.com/storagereview "Opens in a new window") |  [TikTok](https://www.tiktok.com/@storagereview? "Opens in a new window") |  [RSS Feed](https://www.storagereview.com/rss.xml) ![]() ### Adam Armstrong Adam is the chief news editor for StorageReview.com, managing our internal and freelance content teams. Previous post: [Amazon Snowball 50TB Storage Server Unveiled](https://www.storagereview.com/news/amazon-snowball-50tb-storage-server-unveiled) Next post: [Egnyte Awarded A U.S. Patent For Object Storage](https://www.storagereview.com/news/egnyte-awarded-a-u-s-patent-for-object-storage) Trusted Vendors Products and solutions from our affiliate partners: - [ ![Ubiquiti Logo]() Ubiquiti](https://store.ui.com/us/en?a_aid=StorageReview "Opens in a new window") - [ ![Newegg Logo]() Newegg](https://click.linksynergy.com/fs-bin/click?id=g5terNMDhz0&offerid=1207190.18&subid=0&type=4 "Opens in a new window") - [ ![Amazon Logo]() Amazon](https://amzn.to/4fLJUEW "Opens in a new window") Newsletter Subscribe to the StorageReview newsletter to stay up to date on the latest news and reviews. 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