Redpine Signals: Silicon Labs to Expand Leading IoT Wireless Platform with Acquisition of Redpine Signals' Connectivity Business

Silicon Labs to pay $308 million in cash to acquire Redpine Signals' Wi-Fi® and Bluetooth® assets, development center in India and extensive patent portfolio Adds approximately $20 million of revenue on an annualized basis for FY2020 Enhances IoT revenue growth rate at comparable gross margin Accretive to earnings per share on a non-GAAP basis in...