- Complementary connectivity product portfolios to target more expansive set of computing, consumer, industrial and automotive applications,
- Serves key customers with more complete product solutions,
- Creates a stronger analog/mixed-signal R&D team with over 900 engineers globally,
- Combined company has the scale and resources to enhance SMSC’s financial model with a combined trailing twelve month revenue of approximately $632 million,
- Anticipated annualized pre-tax cost synergies of $8 to $10 million by the end of SMSC’s fourth quarter of fiscal 2012,
- Acquisition expected to be accretive to non-GAAP gross margins, non-GAAP operating margins and non-GAAP earnings per share immediately upon closing.
SMSC To Acquire Conexant Systems, Inc.
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