"This acquisition accelerates our entry into the short-range
wireless market, expands our power portfolio and adds complementary IP
to augment R&D investments underway," said Necip Sayiner, president
and chief executive officer of Silicon Laboratories. "In addition to
the products and revenue the company brings to Silicon Labs, we
believe the Integration team is a strong technical and cultural fit,
and we're also gaining a design center in Silicon Valley, a strategic
location for technical recruiting."
The dilutive impact of the transaction in 2008 is expected to be
offset by better than anticipated performance in Silicon Laboratories'
existing business. The acquisition is expected to be accretive in
2009. Integration's products will be sold under the Silicon
Laboratories brand and supported by Silicon Laboratories' global sales
and support network.
About Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a
world-class engineering team with unsurpassed expertise in
mixed-signal design, Silicon Labs' diverse portfolio of
highly-integrated, easy-to-use products offers customers significant
advantages in performance, size and power consumption. These patented
solutions serve a broad set of markets and applications including
consumer, communications, computing, industrial and automotive.
Headquartered in Austin, TX, Silicon Labs is a global enterprise
with operations, sales and design activities worldwide. The company is
committed to contributing to our customers' success by recruiting the
highest quality talent to create industry-changing innovations. For
more information about Silicon Labs, please visit www.silabs.com.
Cautionary Language
This press release contains forward-looking statements based on
Silicon Laboratories' current expectations. The words "believe,"
"estimate," "expect," "intend," "anticipate," "plan," "project,"
"will," "expanding," "growing," and similar phrases as they relate to
Silicon Laboratories or Integration Associates are intended to
identify such forward-looking statements. These forward-looking
statements reflect the current views and assumptions of Silicon
Laboratories and are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations.
Among the factors that could cause actual results to differ materially
from those in the forward-looking statements are the following: risks
that the acquisition may not yield the expected benefits due to the
failure to properly integrate the acquired business and employees;
risks that the customer base and revenue of the acquired business may
cease to expand or may decline; risks that the acquired business'
products under development may fail to achieve market acceptance;
risks of disputes regarding the acquired business; risks that the
performance of Silicon Laboratories' existing business may not offset
the dilutive effect of the acquisition; risks associated with
quarterly fluctuations in revenues and operating results; risks that
average selling prices of products may decrease significantly and
rapidly, dependence on a limited number of products and customers;
risks associated with the competitive and cyclical nature of the
semiconductor industry and other factors that are detailed in Silicon
Laboratories' filings with the SEC. Silicon Laboratories disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
Note to editors: Silicon Laboratories, Silicon Labs and the
Silicon Labs logo are trademarks of Silicon Laboratories Inc. All
other product names noted herein may be trademarks of their respective
holders.
CONTACT: Silicon Laboratories Inc.
Shannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
SOURCE: Silicon Laboratories Inc.