<SEC-DOCUMENT>0001104659-15-069697.txt : 20151007
<SEC-HEADER>0001104659-15-069697.hdr.sgml : 20151007
<ACCEPTANCE-DATETIME>20151007163648
ACCESSION NUMBER:		0001104659-15-069697
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20151007
DATE AS OF CHANGE:		20151007
EFFECTIVENESS DATE:		20151007

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SKYWORKS SOLUTIONS, INC.
		CENTRAL INDEX KEY:			0000004127
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				042302115
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1003

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05560
		FILM NUMBER:		151149237

	BUSINESS ADDRESS:	
		STREET 1:		20 SYLVAN ROAD
		CITY:			WOBURN
		STATE:			MA
		ZIP:			01801
		BUSINESS PHONE:		6179355150

	MAIL ADDRESS:	
		STREET 1:		20 SYLVAN ROAD
		STREET 2:		20 SYLVAN ROAD
		CITY:			WOBURN
		STATE:			MA
		ZIP:			01801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SKYWORKS SOLUTIONS INC
		DATE OF NAME CHANGE:	20020627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALPHA INDUSTRIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a15-20727_38k.htm
<DESCRIPTION>8-K
<TEXT>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of earliest event reported): <b>October&nbsp;6, 2015</b></font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Skyworks Solutions,&nbsp;Inc.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name of Registrant as Specified in Charter)</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-05560</font></b></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">04-2302115</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer<br>   Identification No.)</font></p>    </td>   </tr>  </table>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20   Sylvan Road, Woburn, MA</font></b></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">01801</font></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s telephone number, including area code:<b> (781)&nbsp;376-3000</b></font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not applicable.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former address, if changed since last report.)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i> General Instruction A.2. below):</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font>&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b)) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c)) </p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item&nbsp;8.01. Other Events.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As previously disclosed in the Current Report on Form&nbsp;8-K filed on October&nbsp;6, 2015, by Skyworks Solutions,&nbsp;Inc. (the &#147;Company&#148; or &#147;Skyworks&#148;), on October&nbsp;5, 2015, Skyworks and its wholly owned subsidiary, Amherst Acquisition,&nbsp;Inc. (&#147;Merger Sub&#148;), entered into an Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) with PMC-Sierra,&nbsp;Inc. (&#147;PMC&#148;), providing for the merger of Merger Sub with and into PMC (the &#147;Merger&#148;), with PMC surviving the Merger as a wholly owned subsidiary of the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On October&nbsp;6, 2015, the Company held a conference call with analysts and investors regarding the proposed Merger. A copy of the transcript of the conference call is attached as Exhibit&nbsp;99.1 hereto, and is incorporated herein by reference.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01 Financial Statements and Exhibits.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&nbsp;Exhibits</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The exhibit listed on the Exhibit&nbsp;Index hereto is filed as part of this Current Report on Form&nbsp;8-K.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important Additional Information Will Be Filed with the Securities and Exchange Commission</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PMC plans to file with the SEC and mail to its stockholders a proxy statement in connection with the Merger.&#160; Additionally, PMC will file other relevant materials with the SEC in connection with the transaction.&#160; The proxy statement and other relevant materials will contain important information about Skyworks, PMC, the Merger and related matters.&#160; Investors and security holders are urged to read the proxy statement and the other relevant materials carefully when they become available before making any voting or investment decision with respect to the proposed Merger because they will contain important information about the Merger and the parties to the Merger.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Investors and security holders will be able to obtain free copies of the proxy statement and relevant other documents filed with the SEC by Skyworks and PMC through the website maintained by the SEC at www.sec.gov.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, investors and security holders will be able to obtain free copies of the proxy statement and the other relevant documents filed with the SEC by PMC from PMC by contacting Joel Achramowicz at (408) 239-8630.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Skyworks and PMC, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the Merger Agreement.&#160; Information regarding Skyworks&#146; directors and executive officers is contained in Skyworks&#146; Form&nbsp;10-K for the year ended October&nbsp;3, 2014 and its proxy statement dated April&nbsp;8, 2015.&#160; Information regarding PMC&#146;s directors and executive officers is contained in PMC&#146;s Form&nbsp;10-K for the year ended December&nbsp;27, 2014 and its proxy statement dated March&nbsp;20, 2015, which are filed with the SEC.&#160; Additional information regarding the participants in the solicitation of proxies in respect of the transactions contemplated by the Merger Agreement and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Safe Harbor for Forward-Looking Statements</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain statements made herein are &#147;forward-looking statements&#148; intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, Section&nbsp;27A of the Securities Act of 1933 and Section&nbsp;21E of the Securities Exchange Act of 1934. These forward-looking statements include without limitation information regarding the proposed transaction between Skyworks and PMC, the expected timetable for completing the transaction, future financial and operating results, benefits and synergies of the transaction, future opportunities for the combined company and any other statements about Skyworks or PMC managements&#146; future expectations, beliefs, goals, plans or prospects.&#160; Forward-looking statements can often be identified by words such as &#147;anticipates,&#148; &#147;expects,&#148; &#147;forecasts,&#148; &#147;intends,&#148; &#147;believes,&#148; &#147;plans,&#148; &#147;may,&#148; &#147;will,&#148; or &#147;continue,&#148; and&#160; similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.</font></p>
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">2<a name="PB_2_213836_7740"></a></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">These risks, uncertainties and other important factors include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the outcome of any legal proceedings that could be instituted against PMC or its directors or Skyworks related to the Merger Agreement; the inability to complete the Merger due to the failure to obtain stockholder approval for the Merger or the failure to satisfy other conditions to completion of the Merger, including the receipt of all regulatory approvals related to the Merger; the failure of Skyworks to obtain the necessary financing arrangements set forth in the debt commitment letter delivered pursuant to the Merger Agreement; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; the effects of local and national economic, credit and capital market conditions on the economy in general, and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the SEC, including, but not limited to, those detailed in Skyworks&#146; Annual Report on Form&nbsp;10-K for the year ended October&nbsp;3, 2014 and its most recent quarterly report filed with the SEC and in PMC&#146;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;27, 2014 and its most recent quarterly report filed with the SEC.&#160; The forward-looking statements contained herein are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:24.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SKYWORKS   SOLUTIONS,&nbsp;INC.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:   October&nbsp;7, 2015</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Mark V.B. Tremallo</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark   V.B. Tremallo</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President, General   Counsel and Secretary</font></p>    </td>   </tr>  </table>
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">4<a name="PB_4_213848_5335"></a></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;INDEX</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Conference Call   Transcript, dated October&nbsp;6, 2015</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman"><img width="167" height="77" src="g207273mm01i001.jpg" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:-6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Final Transcript</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.: Company Announcement</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October 6, 2015/9:00 a.m. EDT</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPEAKERS</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Steve Ferranti &#150; Vice President, Investor Relations</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dave Aldrich &#150; Chief Executive Officer</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Don Palette &#150; Chief Financial Officer</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liam Griffin &#150; President</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANALYSTS</font></b></p>
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<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rick Schafer &#150; Oppenheimer</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vivek Arya &#150; Bank of America</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vijay Rakesh &#150; Mizuho</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mike Walkley &#150; Canaccord</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cody Acree &#150; Drexel Hamilton</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Edward Snyder &#150; Charter Equity</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Craig Ellis &#150; B. Riley</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ian Ing &#150; MKM Partners</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suji Desilva &#150; Topeka</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gabrielle Borges &#150; Goldman Sachs</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alex Gauna &#150; JMP Securities</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PRESENTATION</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and gentlemen,   thank you for standing by. Good morning, and welcome to the Skyworks   Solutions acquisition announcement conference call. This call is being   recorded.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At this time, I will   turn the call over to Steve Ferranti, Vice President of Investor Relations   for Skyworks. Mr. Ferranti, please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">S. Ferranti</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Greg. Good   morning, everyone, and welcome to Skyworks&#146; conference call to discuss our   acquisition of PMC-Sierra. Joining me today are Dave Aldrich, Don Palette and   Liam Griffin. Dave will begin today&#146;s call with an overview of the   transaction followed by Don&#146;s review of the financial details. We will then   open the lines for your questions.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Please note that our   comments today will include statements relating to future results that are   forward-looking as defined in the Private Securities Litigation Reform Act of   1995. Actual results may differ materially and adversely from those projected   as a result of certain risks and uncertainties, including but not limited to   those noted in our earnings release and those detailed from time to time in   our SEC filings.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With that, I&#146;ll turn   over the call to Dave for his comments.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Steve, and   good morning, everyone. Thank you for joining us. I&#146;m very excited to   announce that last night we entered into a definitive agreement to acquire   PMC-Sierra, a leader in mixed signal semiconductor solutions supporting   networking and storage applications. This complementary, yet highly   synergistic acquisition perfectly aligns with our stated strategy of   diversifying into adjacent vertical markets and leveraging our global scale   while producing best-in-class financial returns.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Now, at a higher level   our vision has been to deliver market-leading solutions connecting everyone   and everything all of the time. Further to that end, PMC enables us to   substantially expand our serviceable markets. On a combined basis Skyworks   fully enables mobility, connectivity and now the cloud.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With PMC we are   acquiring an exceptional franchise with a very long history of leadership in   technology and its served markets. Together we plan to create an analog and   mixed signal powerhouse within the semiconductor landscape levered to the   explosive growth in digital content and in data traffic.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the past decade   we&#146;ve positioned Skyworks to capitalize on the growing global wave of   connectivity and the boom in data traffic, which is happening across the   breadth of our served markets. Our system</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">engineering strength,   our expansive portfolio of enabling technologies and our world-class   integration capabilities have enabled us to establish a leadership position   in RF and analog solutions for applications that demand the highest levels of   performance. As a result, we&#146;re gaining content and we&#146;re gaining share   driven by several powerful underlying global megatrends, many of which we&#146;ve   highlighted in prior conference calls.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Briefly these include   the accelerating adoption of streaming video services and other data-rich   applications. They include an explosion of cloud-based content in consumer   and enterprise environments, the advent of the Internet of Things and an   expanding array of bandwidth-intensive devices. In a complementary way, PMC   is also a direct beneficiary of many of these same positive trends   facilitating instantaneous access to massive volumes of digital content   across the optical transport network and within data centers. And like   Skyworks, PMC differentiates itself by developing system-level solutions,   addressing the most complex technical challenges with the highest performance   applications.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We couldn&#146;t be more   optimistic about the prospects of our combined companies. We see three key   reasons why this transaction creates a winning combination for all   stakeholders.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">First, it enables us to   substantially expand our serviceable market into the cloud and into other   complementary growth segments. PMC is an established leader in networking and   storage applications with solutions supporting innovators, the likes of   Google, Amazon, Facebook, HP, IBM, Lenovo. In total, this represents a   multi-billion dollar market opportunity for Skyworks.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Second, we see   tremendous benefit in combining PMC&#146;s industry-leading mixed signal storage   and transport solutions with Skyworks RF and analog scale, our customer base   and our operational efficiencies. The combination of our two businesses will   create a major player in the semiconductor landscape with a highly innovative   product portfolio to leverage across our leadership customer base. In   addition, we see numerous opportunities for Skyworks&#146; global supply chain to   provide significant enhancement to PMC&#146;s business model via increased scale.   Our common customers, as well as the new ones, will benefit from our   end-to-end connectivity solutions spanning wireless and wireline, optical and   storage area networks.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Third, we will generate   significant EPS accretion and shareholder value in combining the two   companies. We believe the acquisition of PMC-Sierra directly aligns with our   vision of providing above-market growth with a best-in-class financial   return. As Don will discuss in a moment, this further enhances the financial   returns of our company, and creates significant earnings accretion.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, I&#146;d like   to just take a moment to outline some specific growth drivers. In data   storage, PMC&#146;s products enable seamless and efficient expansion of capacity   along with significantly higher levels of performance for cloud service and   enterprise data centers alike. PMC&#146;s leading edge portfolio of 12 gigabit SaaS   drive products and flash-based drive controllers are leading the next   generation of data center design, and pushing the envelope for speed, reduced   latency and power consumption.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In optical transport,   PMC&#146;s products enable higher data throughput in metro and internet backbone   applications, which interconnect data centers, enterprises and carrier   networks. These networks also require a major capacity expansion to support   the massive growth in data traffic, and we intend to enable this transition   through industry-leading 100G LTM solutions. Each of these applications is   critical to support the explosion in data usage from on-demand content,   streaming services, social media and cloud-based services.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a point of   reference, IBC estimates that the digital universe doubles in size every two   years, and is measured in the trillions of gigabytes. This drives massive   investment in hyper scale data centers and network upgrades to handle more   and more traffic. To be clear, this acquisition adds an entirely new growth   vectors to our leadership, analog and Internet of Things products and   markets.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With that, I&#146;ll turn it   over to Don to provide financial details.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Dave, and   thank you for joining us, everyone. Skyworks intends to acquire PMC for   $10.50 per share in cash or approximately $2 billion in equity value   representing a 37% premium to PMC&#146;s closing price as of yesterday&#146;s close.   The transaction has already been approved by both company&#146;s board of   directors. We anticipate closing sometime during the first half of calendar   2016, that&#146;s subject to normal regulatory approvals, customary closing   conditions and the approval of PMC stockholders.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We plan to finance the   transaction through a combination of available cash from the combined balance   sheet, and a new $1.8 billion term loan, which is fully committed. Looking ahead,   based on our expectations for a very strong cash flow from the combined   company, we expect to deleverage on a fairly aggressive schedule.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Out of the gate we   anticipate the deal with be immediately and significantly accretive to both   EPS and cash flow. We plan on achieving annual cost synergies of $75 million   within 12 months of closing resulting in non-GAAP EPS accretion of $0.75 on   an annualized basis. Post synergies, we expect the combined company to   generate well over $4 billion in annualized revenue with gross margin in the   55% range and an operating margin over 40%. We remain committed to returning   excess cash to shareholders through a combination of our dividend program and   ongoing share repurchases, and continue to believe that our target of 40% of   free cash flow remains the appropriate baseline.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Before closing I&#146;d like   to provide a high-level update on our Q4 financial results. Based on   preliminary results, we expect to deliver approximately $880 million in   revenue and $1.52 of non-GAAP diluted earnings per share for the fourth   quarter of fiscal 2015, and that&#146;s versus our guidance of $875 million and   $1.51, respectively. Our sustained outperformance is being driven by the   growing adoption of our integrated mobile systems and new opportunities   across the Internet of Things. We&#146;ll provide more details on our earnings   call in a few weeks.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In closing, we view   Skyworks and PMC as a powerful combination that creates an industry leader in   high-performance solutions that seamlessly connect, transport and store big   data.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With that, let&#146;s now   open the line for questions.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay. (Operator   instructions.) In order to get through as many questions as possible, please   limit yourself to one question and one follow-up. Your first question comes   from the line of Rick Schafer from Oppenheimer. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hi. Thank you, and   congratulations on the deal, guys.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Rick.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maybe my first question   just&#151;could you walk us quickly through the synergies, maybe how you expect   them to flow through the model? Is it a linear fashion over the 12 months   after you close, or is it more front or back-end loaded?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, sure, Rick. Yes,   $75 million, and obviously that&#146;ll depend on when we close. We said we think   sometime in the first half of the calendar quarter. We would expect if we do   that, if we meet that close timeframe that we would have all those in place   by the December quarter; that would be the goal.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay. They flow in a   linear fashion, is that a good way to think of it?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">It&#146;s probably a little   more towards the end of the year. There&#146;ll be some in the September, maybe   even a June quarter if we gross earlier, but I would force most of that&#151;in   other words, the way to model it is at December you get the full run rate of   the benefit. That&#146;s the way to think about it, or close to the full rate.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Got it. Then, just a   follow-up to that, included in that cost synergy analysis, or the expectation,   is there anything in there for potential divestitures? Do you expect to keep   all of PMC&#146;s business or is there anything in there that you view as non-core   or something you could carve out and sell?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hi, Rick. No, not at   the moment. I think that they have now a very small percentage in legacy   products that they&#146;ve wound down independent of us so I think that will   continue and end rather quickly. But the rest of the business, at least as we   see it today, looks quite attractive and synergistic.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Vivek Arya from Bank of America. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you for taking my   question, and congratulations on the announcement. One more on synergies. Can   you talk about some of the drivers because PMC is in a somewhat different   market than you&#146;re in right now, and also whether the synergies include or   exclude some of the cost saving actions that I think PMC already had as part   of their ongoing plan?</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, I&#146;ll answer the   second part of that. The $75 million is incremental to anything that PMC had   planned, that&#146;s a way to model that. Dave, do you want to talk about the   specifics of programs and&#151;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes. I think that if   you think about PMC and Skyworks, first it&#146;s going to enable us to   substantially expand our served markets with some very fast-growing segments:   cloud, optical networking. That has remained very important to us. As we said   in the prepared comments, we have become a leader in mobile connectivity;   we&#146;re now penetrating in a meaningful way the Internet of Things. That&#146;s a   big growth driver for us. The piece that we were lacking was really how to   then leverage it to the cloud, a big push by many of our existing customers.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I think that&#146;s where   we&#146;ll start to drive the synergies on the top line. I think if you were to   look at Skyworks&#146; track record, we have had a very strong history of being   able to take technology to our customer set, and leveraging the strong supply   chain that we have and the way we&#146;ve supported these customers in the past.   They&#146;ve been very good at guiding us and helping us be successful in our   roadmap, and I think we will take that very same approach to these wonderful   new PMC products.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I think the top line   synergy will be quite exciting for those reasons. And, of course, as Don   mentioned, it&#146;s a highly accretive company to our financials; it&#146;s   diversified and it&#146;s 70% gross margin.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">V. Arya</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Got it. As a follow-up,   Dave, I know you&#146;ll talk more about your ongoing business when you have your   earnings call, but could you just give us some sense of the demand environment   right now? How are you feeling about the holiday season? Obviously you beat   expectations, but just in general, Dave, how are you feeling about the demand   environment and the holiday season across your top customers? Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Vivek. Well,   it&#146;s a little early to talk about December guidance, but I will say this that   we have solid design wins, there&#146;s wind at our back and the broad markets   continue to allow us to have sequential growth. We&#146;ve performed, as we say,   ahead of our guidance. We believe we&#146;ll continue to take share and perform   above the market, but it&#146;s a little too soon to talk about December.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Vijay Rakesh from Mizuho. Please go ahead.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">V. Rakesh</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hi, guys.   Congratulations on the deal.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Vijay.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Just briefly here on   the synergy side, $75 million. Is that mostly OPEX work, or what other   synergies are you&#146;re seeing there?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, it&#146;s more than   half of certainly an OPEX, but we&#146;ve also got some benefits that we think   we&#146;re going to be able to when we apply our approach to supply chain   management, so there&#146;s a little bit there, as well. But, the majority of it,   over 60% of it&#146;s going to be OPEX for sure.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All right. Just on the   financial side, again, Don, when you look at&#151;wondering how much debt you&#146;ll   take on, but you probably have very good free cash flow next year, probably   in the north of $1 billion. You should be able to pay that down. Just want to   get your thoughts there. The tax rate for PMC was pretty low. Should that   help you as you look out. Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes. The incremental   earnings you add in is going to be a very competitive tax rate based on the   structure they have. We&#146;ll be able to grandfather that into our tax structure   so it&#146;s not an issue. You&#146;re absolutely right, when you look at our model and   you add in the EBITDA that&#146;s added post acquisition plus where we&#146;re at,   we&#146;ll have a lot of free cash flow available, and we&#146;re going to aggressively   approach paying this down. We think we can certainly do that over a two-year   period or less. We&#146;re also going to maintain the goal of that 40%, which   includes our dividend and some share buyback, so we think we have a nice   vehicle to support this from a cash flow standpoint.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">V. Rakesh</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Very good. Thanks a   lot.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Mike Walkley from Canaccord. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Great, thank you. My   congratulations, also, on the acquisition.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Mike.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Just building on a   little bit of the synergies in the model, can you share with us maybe the   terms of that $1.8 billion in debt? What type of interest expense will be   attached to it?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes. The commitment   letter is filed with the exhibit so you can go back and look at that. But   it&#146;s $1.8 billion, it&#146;s a term loan B. Barclays is serving as the lead bank,   but there&#146;ll be other banks and helping in the syndication, as well. It   assumes a Ba1 BB-plus rating. We think from modeling probably use 4% to 4.5%,   probably 4.5% rate right now. That&#146;ll depend on where the market is when we   close the deal, but that&#146;s a safe number to use, Mike, for now for your   model.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Great. Just a   clarification on the synergies, are you assuming some revenue synergies also   in the deal, or is mainly just the $75 million on the cost side?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">It&#146;s some material cost   and it&#146;s, like I said, the lion&#146;s share OPEX, but no revenue synergies.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I think, Mike, the   business case, the synergies we&#146;re all using are current high-competence   revenue numbers. However if we look at the combined companies, the   opportunities we have on top line we think are very substantial, but we   haven&#146;t modeled those in that synergy number.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay, great. One last   question for me, just the question I&#146;m getting to is on the solid results for   the quarter. Were there any areas that were maybe better or worse than your   expectations as your September quarter results track through? Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No. Everything was   pretty much down the line as we expected, so the quarter came out well within   the balance of what we thought was going to happen, so no surprises.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Cody Acree from Drexel Hamilton. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C. Acree</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, guys, and   congrats on the deal.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dave, you&#146;ve really   been known for the stability of your performance over the last several years.   I can&#146;t really remember the last time you dropped a</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">quarter. But PMC has   been through a lot of volatile periods, especially with infrastructure demand   being what it is. This would seem to interject a lot of volatility in what&#146;s   been otherwise stable performance. I guess, how do you manage that going   forward, or is this just a function of a larger company?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, I think we have,   in our diligence with PMC and our discussions and our understanding of the   end market, we think this is the perfect time for a combination because there   are several forces at work in the market that are going to create, we think,   wind at our back not only for the combined companies, but the synergies that   we create by being strong in connectivity, strong in Wi-Fi and strong in many   of the standards that are going to make up the requirements of these data   centers, particularly the hyper scale data centers. But if you look at   optical networking and hyper scale in particular, and the requirements that   the emerging set of customers are going to need in those data centers I think   they fit perfectly with this combined RF, analog mixed signal.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I think it&#146;s the right   timing. I think two years ago would&#146;ve been too early for us because we would   have weathered some difficult conversions within the PMC business and,   indeed, within the market. Maybe Liam could elaborate a little bit on some of   the early innings growth vectors that perhaps you don&#146;t know about PMC, but   they&#146;re really exciting to us.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, sure. Actually,   what we&#146;re seeing in our diligence here is a real transition tethered to the   cloud and optical networking as Dave mentioned, and those are markets that   we&#146;ve really decided to be in for a while. A couple things, recently they&#146;ve   added a very powerful software stack from HP that they can overlay into their   silicon solutions and really upgrade to more of a subsystem engagement.   They&#146;re also working hard at power density, which is a key figure of merit in   their silicon product.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Their positioning, as   Dave said, for hyper scale, and that&#146;s really just a term that we use for the   data center folks like Google and Facebook and Amazon, so there&#146;s some entry   there. We think there&#146;s a lot of powerful synergies on customers with Skyworks,   names like Huawei and names like ZTE and Lenovo we have tremendous position,   and PMC is engaging an early inning.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There&#146;s a lot of upside   here. We think the combined company, as Don mentioned, we&#146;re taking the   revenue as it is today. Our synergies are based on what we see today, but I   think you&#146;ll see, over the next several</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">years, some real work   on design win penetration and moving that dial up on the top line.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cody, one final   comment. One of the things that we are finding like a prior couple of deals   we&#146;ve done on the filter side and the connectivity side is, we&#146;re at this   springboard point where size and scale really matter a lot to a new class of   customers who are going to wind up taking this system-level technology into   the next level of volume. I think this is the perfect time for us to do this   transaction for those reasons.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I guess either Dave or   Liam, then I guess on the revenue synergy is there any possible revenue   synergies? Are there places where your sales teams are overlapping in systems   or boards today that may not be as obvious to us, or is this really about   bolting on new markets that you&#146;re really starting, I don&#146;t want to say from   scratch, but are definitely new businesses for Skyworks?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, I would say it&#146;s a   combination of both. Today, Skyworks, we don&#146;t play in hyper scale storage;   we&#146;d love to. We also have some power management products that could   potentially dovetail in. But on the infrastructure side, optical networking   for example, we share some common customers, and we bring a new set of   customers to the PMC portfolio.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Then further down the   line there&#146;s potential for, in mobile infrastructure, they have a data   converter portfolio that would dovetail very well into some of the analog   mixed signal products that we have. There&#146;s product synergy, there are some   unique markets that they&#146;re bringing in; there&#146;s some common customers in   markets that we can grow together.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, guys.   Congrats.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Cody.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Edward Snyder from Charter Equity. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thanks a lot. I see the   expansion of the SAM that&#146;s pretty clear here, but PMCS as a mixed signal Fab-less   silicon, like Skyworks does, gas SOI filter manufacturing, most of which runs   through your own fabs. Similarly with the packaging assembly test, you have a   really great asset in Mexicali that is a big benefit to your products, but   I&#146;m</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">sure that PMC, most of   their stuff is pretty standard packaging. I&#146;m just grappling with where you   see the supply chain and scale advantage of Skyworks pulling through to help   PMCS in their cost structure?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, I think a couple   of things there. It&#146;s probably not an accurate characterization to say we&#146;re   all compound semiconductors and multi-chip modules, that&#146;s really not true.   More than half of what we build is through acquired silicon; some of it&#146;s CMOS,   some of it silicon germanium, some of it silicon-on-insulator. We&#146;re very   comfortable with their set of wafer suppliers; we buy from them as well.   There&#146;s clearly an opportunity for us to leverage, develop and to leverage   what we do together. Plus we have a great deal more scale.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A lot of the growth in   their products, by the way, is moving to these board-level solutions,   particularly as Liam mentioned, into these high density hyper scale   applications. That&#146;s where we&#146;re really good at being able to mate SOC and   bolt around componentry to have a bulletproof shielded module, and these are   multi-layer laminate approaches that we&#146;re really, I think we&#146;re the best in   the world, in fact. I think that&#146;s another area for us.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you think about the   terrific PMC franchise and these wonderful technologies they have, but it&#146;s   been about very high gross margin in these super, I won&#146;t use the word   esoteric, but very high performance niche applications. What we&#146;re really   good at is, when we get into the manufacturing phase, and we benchmark this   all the time, we tend to run much higher yields, higher levels of constant   utilization. Whatever the product is we can drive the software and the test   times down, and I think we can apply that across the board and pickup points   of gross margin. I think those are all real benefits of the combination that   may not be obvious.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E. Snyder</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">That certainly came   through with the Panasonic acquisition.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E. Snyder</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You guys leaped to the   lead and even so far that the growth there has been pretty amazing.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Like I said, of course,   Don, given just the guidance you&#146;ve given on this, do you expect to give any   target operating model in the near term, because it would suggest that you&#146;re   in the $8.50 EPS range within a couple of years if your run rate for these   synergies, or towards the end of this year, is this going to change your view   of where your target operating model is?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oh absolutely. We had   been communicating before the announcement of the acquisition. We had just   guided and just preannounced over the $1.50, which is $6 of the $7, so we   were fast approaching given the new model for standalone Skyworks. Certainly   now that we&#146;ve announced the acquisition very shortly we&#146;ll be putting   together a new mid-term model that you can synthesize and look at that from a   valuation standpoint. That&#146;ll be coming fairly soon. We will definitely do   that.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Craig Ellis from B. Riley. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C. Ellis</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, guys, and congratulations   on the deal.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you, Craig.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You&#146;re welcome. The   first is just a clarification. Don, I think what you&#146;re saying is that with   the $0.75 accretion target and some of the synergies you&#146;d be at an $0.18 to   $0.19 per quarter run rate by the end of next calendar year assuming a   first-half calendar close. Is that the right way to think about things?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, we&#146;re not giving   specific numbers yet, but you know what&#146;s in their consensus, what you&#146;ve got   in the models and then if you add benefits into that you can come to the   conclusion of what that might be in EPS that they&#146;re going to add to the   model.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay. Then, switching   gears, the company has a very good track record of doing deals that turn out   to be handsomely accretive, SiGe and Panasonic are good examples. Panasonic   was a smaller deal, and if other manufacturing and technology deals like that   were to emerge, would this deal preclude you from taking advantage of such a   deal, or is the door still open to a smaller tuck-in technology and   manufacturing capability type deal?</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">First of all,   absolutely that&#146;s not precluded, and we were very, very conscious of what we   were leveraging, how fast we can pay that down.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, it&#146;s a 1.2&#151;   Leverage is 1.2 out of the gate. We&#146;ll move that down very quickly.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I think we&#146;re not only   capable to do small, as you mention, technology bolt-ons, but we are, I   think, in a wonderful position to continue to look for highly accretive   opportunities, and I don&#146;t see this as a limitation really in any way other   than we have a little bit of leverage that we can pay down very quickly.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, that&#146;s absolutely   as I said. Out of the gate this is at 1.2, and we&#146;re going to move that to   below 1 very quickly. We see a path to be able to pay this off in a couple   years so that&#146;ll give us a lot of flexibility during that time.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The EBITDA performance   of this company, particularly post synergy, when you combine it with Skyworks   growth, it&#146;s really&#151;sometimes we forget, but our ROIC numbers are well into   the mid to upper 20s and we&#146;re starting to see this being accretive to our   margins. I think we really do have quite a cash generating machine here at   Skyworks.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Ian Ing from MKM Partners. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, thank you. If   there is one area of overlap in terms of end markets it appears to be this   mobile [audio disruption] business. Have you thought about revenue synergies,   cross selling of the portfolio opportunities?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">L. Griffin</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sure, absolutely. I   think that&#146;s one market that Skyworks has had a beachhead with names like Huawei   and ZTE and Nokia Siemens and Ericsson. It&#146;s a little early for us to digest   the technology there at PMC, but what we&#146;ve seen is potential opportunity in   data converters and there&#146;s some other silicon product that could dovetail   with the Skyworks solutions. But we&#146;ll thoroughly investigate that and take   advantage of any opportunity that may be available. It&#146;s quite possible there   could be something meaningful there.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay, great. It&#146;s come   up on the call so far, but PMC-Sierra, they&#146;ve got different products,   different customers, different manufacturing model. What gives you confidence   in managing and optimizing a business that&#146;s</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">outside your   traditional wheelhouse? In terms of getting outside your traditional   wheelhouse, has anything changed in your thinking versus the prior deals and   joint ventures you&#146;ve done, or has something changed recently?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No, it&#146;s the same old,   the hard work that goes into diligence and cultivating relationships with a   potential company like PMCS. One of the things that gives us a great deal of   confidence is that they have wonderful systems and a track record of highly   defensible IP. In fact, much of it at the standards body level. It&#146;s really,   really something. PMCs been at this for a long, long time and they&#146;ve really   been able to do a great job there.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The folks we&#146;ve met,   they&#146;re terrific engineers with very low turnover in areas that frankly are   quite complementary; some we lack and some can beef up our own system level   capability as we move from analog and RF into mixed signal. We&#146;ve got the   whole signal chain, if you will, now in some of these systems.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Then as I think, Liam,   outlined they are positioned for share gains on things like the intel server   chip sets, they&#146;re number one in the world now with this very creative deal   with HP on their Rave stack, they&#146;ve got the most power dense solutions in   the world. We understand that, not nearly in the way in which they do, but we   can put our heads together and I think we can go at a whole host of end   markets including the cloud and optical transport with a powerful arsenal of   supply chain, people, systems, field applications and back-office support.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We did our diligence.   We like this team a lot, and we think they gain much more than perhaps the   starting revenue implies.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If I could fit one more   in, as PMC pushes their mixed signal roadmap, is there any opportunities for   them to move from the fabless processes more to your in-sourced processes,   which are different, or perhaps the other way around going from in-source to   fabless?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to the   silicon itself, fabless right now is the path. They&#146;re not using the compound   semiconductor technologies that we use in our fabs, although as Dave   mentioned, we do quite a bit outside as well. I think if you look at the   module capability that we bring forth in our Mexicali site, that is going to   be a tremendous advantage for us, and it&#146;s something that PMC has not   enjoyed. When we start to look at board-level solutions,</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">sub-system solutions,   that allow us to step up in content, that&#146;s a real opportunity and something   that we could put to work very quickly.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Suji Desilva from Topeka. Please go ahead.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hi, Dave, Don and Liam.   Congratulations on the transaction here.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Was one of the goals   here to achieve some level of scale with these acquisitions, and would   additional transactions be part of the motivation here? That&#146;s the first   question. I&#146;m sorry, is there a target debt to EBITDA level that you&#146;d be   comfortable with now, or is it going back to zero debt as the target?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Aldrich</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, Suji, thank you.   If I understand the question right, scale is always one of the goals because   obviously we&#146;re able to leverage that scale both in terms of operational   efficiencies, but in terms of the amount of out investments, if you will,   that we can do in R&amp;D. We look for companies that have a very strong   market position with a presence that we can then wrap this Skyworks methodology   and engine around and create one plus one equals three, so that&#146;s motherhood,   but that&#146;s exactly what we do. We&#146;re very careful about the target markets we   go after, so we&#146;ve made it clear that we want to be leaders in IOT; we&#146;ve got   a lot of work to do there, but we&#146;ve got a wonderful beachhead starting and   it&#146;s a lot of growth at our back. We&#146;re clear leaders in mobile connectivity   and all it forms and adding the standards that are emerging and then taking   that and wrapping it into cloud.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We do have gaps in our   portfolio, but we have a very strong position today. We&#146;ll continue to look   for those kinds of acquisitions that meet high growth, high return, and in   this case we&#146;ve got a great deal of diversification. We&#146;ve, long ago, decided   that we need to focus where there&#146;s a lot of stickiness in products in the   end markets. Customers are willing to pay for innovation, and that when we   put our system mindset around it we can hone, if you will, the application   with a high degree of value to the customer.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This 70% gross margin   business is exactly that. That&#146;s how you get to those high gross margins, is   how we&#146;re getting into the mid-50s.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The other thing that   this acquisition does is, once the $75 million in synergies are achieved, and   that&#146;s again without any revenue synergies, which would just make it even   better, but this incremental revenue and incremental return is going to be   accretive to our 40% Skyworks. It&#146;s checking all the right financial boxes.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As far as EBITDA and   any targets, we really don&#146;t have any targets. That 1.2 is obviously very   manageable. We&#146;ve talked about that, so at the end of the day it&#146;s all about   having flexibility, and if the right deals come along then you&#146;re able to   execute and get them done. There isn&#146;t any target per se on that.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Great. My other   question really is around the dynamic you&#146;ve hinted at with customers like   ZTE and Huawei where they have phones and infrastructure, and you may now   have something of an unfair advantage because you do provide both. Can you   just elaborate on that, Dave, or is that just you offer both and they&#146;d like   to have one supplier? Is it that simple?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, we know the   customer well and we have a relationship with the customer. As I said, as   we&#146;ve introduced new technologies and gone into new markets these customers   have been very gracious with us as we&#146;ve gone out of the box and offered early   SkyOne adopters, for example, or some of these temperature-compensated filter   enabled products that our customer never handled before. When we&#146;ve gone   after new markets like into the home or the grid we&#146;ve been able to get a lot   of guidance on exactly what they like and don&#146;t like about the products that   we provide. We think we give a lot of value, we&#146;ve got a lot of feet on the   street. This enhances that a lot. We&#146;ve got a very talented field force here.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As we become more and   more diversified with a broader product portfolio we need to have these kinds   of folks and our customers value it. I think this is exactly the case. We&#146;re   going to have Skyworks and PMC people calling on our common customers or send   new customers to us; we&#146;re going to wrap a great more credibility at it and I   think when we talk in six months we&#146;ll know exactly what we need to do with   that portfolio and to tune it up if we need to and make it successful.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your next question   comes from the line of Gabriela Borges from Goldman Sachs. Please go ahead.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Great. Thanks so much   for asking the question. Just a follow-up to the earlier commentary on the   potential for having at least $0.75 of EPS accretion, it sounds like the   primary swing factor to getting to more than $0.75 would be revenue   synergies. Is that a fair assumption, or is there a little bit of potential   for cost synergies to be greater in magnitude than the initial assumption?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D. Palette</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Down the road there&#146;s   always a potential for more efficiency, more cost out on the margin line, so   that&#146;s always a potential. But, the first and foremost one that starts   pushing above the $0.75 is those revenue synergies. That&#146;s a right assumption   that that would be first on the list.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">That makes a lot of   sense. Thank you. Then, just from the context of the company&#146;s potential and   willingness to do further M&amp;A, as you think about the ongoing evolution   between RF versus analog versus mixed signal, how do you think about the   relative merit at the types of assets that may be out there between those   types of technologies: RF, analog, digital assets? Are there some   technologies that are more interesting than others? Thank you.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you. That&#146;s a   complicated question. If you look at the growth markets we&#146;re looking into or   that we&#146;re addressing, connectivity, mobility, the cloud, the Internet of   Things, you can almost step back and say, okay, that&#146;s a big, tall order. We   have a beachhead in each one of those, some through acquisition, quite a bit   of it organically. When we look, for example, at IOT I think IOT is going to   explode, but it&#146;s going to be a high mix, in many cases, low data processing   environment. It&#146;s very different than the SOC business that we support with   RF and analog.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In order for us to be   successful there it&#146;s modules; it&#146;s more software capability which we gain   here; it&#146;s a lot of analog; power management; it&#146;s being able to bolt up to   perhaps a less powerful microcontroller that&#146;s not really this big honking   SOC. Those are a lot of words, but it says we do have pieces we&#146;re looking at   organically, we&#146;re using partnerships and we think we can do more   acquisitions, as well, to position us in those four areas: mobility, the   Internet of Things, and connectivity, the cloud and all that that implies.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Moderator</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your final question   today comes from the line of Alex Gauna from JMP Securities. Please go ahead.</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thank you for fitting   me in, and good morning, everybody. Just wanted to ask how long you may have   been talking to PMC-Sierra pursuing this deal, and if it was a competitive   process at all?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, I&#146;ll tell you   it&#146;s been a long time, in my mind, because, Alex, I&#146;ve been doing this for   quite a while and that whole play in storage and what PMC did in networking   and others like PMC it&#146;s been an interesting evolution because that   business&#151;when you get to the old school networking, that legacy business has   been really not all that attractive over the years, and it&#146;s declined and   it&#146;s been this steady, painful decline for a lot of companies. But, a couple   of companies, and there are only a couple of competitors here, frankly, a   couple of companies, and PMC is one of them, has made this painful transition   from traditional mixed signal products focusing on traditional network   applications into what has now become an exciting new growth. That   intersection of the decline and the increase has made those businesses top line   challenge and that decline is now rolling off to become almost   inconsequential.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The timing for us is   perfect, but beyond that&#151;I don&#146;t want to comment on the process itself, but   Greg Lang and myself and the management team and the amount of candor and the   relationships that we&#146;ve formed, the culture that they have, which I think is   quite consistent from a development and a system engineering standpoint; I   love these guys and I love this transaction.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Okay. Then, I was   wondering, you touched on some of the benefits of the software you&#146;re getting   from HP, and I&#146;m not as close to PMC-Sierra as I am to the Skyworks story,   but my understanding is there&#146;s been some turbulence on the HP account side,   and I&#146;m wondering if you can comment on is HP a headwind or is it a tailwind,   and maybe how the recent restructuring is playing into that.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, I&#146;ll answer part   and then, Liam, jump in. The thing that PMC was able to do, and I think in a   very smart way, was to access a stack from HP that&#146;s arguably&#151;not arguably,   the best in the world, technically the best in the world, and then to be able   to take that stack into supporting other customers in the broader market. In   that case, HP was where the technology was developed between HP and PMCS, but   now that is open to the entire market, which is a huge competitive advantage   for us. Liam?</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes, correct. I think   HP, if you look at their storage and server business it&#146;s actually a very   important part of their portfolio, and it&#146;s a growing part</font></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SKYWORKS SOLUTIONS, INC.</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Host: Stephen Ferranti</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">October 6, 2015/9:00 a.m. EDT</font></b></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of the PMC product   line. It&#146;s just one example, the software stack is one example of a change in   strategy and a change in our opportunity, but we certainly expect to take our   customer relationships at Skyworks, names like Huawei, names like ZTE, Ericsson.   We&#146;ve talked about these, these have all been global accounts for us for   years, and many of these accounts haven&#146;t been fully penetrated with the PMC   portfolio, so there&#146;s another lever of opportunity there.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and gentlemen,   that does conclude today&#146;s question and answer session. I&#146;ll now turn the   call back over to Mr. Aldrich for any closing comments.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Well, thank you for   listening. These are exciting times for us. Thank you for your support, and   we look forward to updating you with our earnings conference call coming up   here in a few weeks.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and gentlemen,   that does conclude your conference for today. Thank you for your   participation and for using AT&amp;T Executive TeleConference. You may now disconnect.</font></p>    </td>   </tr>  </table>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Important Additional Information Will Be Filed with the Securities and Exchange Commission</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PMC plans to file with the SEC and mail to its stockholders a proxy statement in connection with the Merger.&nbsp; Additionally, PMC will file other relevant materials with the SEC in connection with the transaction.&nbsp; The proxy statement and other relevant materials will contain important information about Skyworks, PMC, the Merger and related matters.&nbsp; Investors and security holders are urged to read the proxy statement and the other relevant materials carefully when they become available before making any voting or investment decision with respect to the proposed Merger because they will contain important information about the Merger and the parties to the Merger.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Investors and security holders will be able to obtain free copies of the proxy statement and relevant other documents filed with the SEC by Skyworks and PMC through the website maintained by the SEC at www.sec.gov.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, investors and security holders will be able to obtain free copies of the proxy statement and the other relevant documents filed with the SEC by PMC from PMC by contacting Joel Achramowicz at (408) 239-8630.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Skyworks and PMC, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the Merger Agreement.&nbsp; Information regarding Skyworks&#146; directors and executive officers is contained in Skyworks&#146; Form&nbsp;10-K for the year ended October&nbsp;3, 2014 and its proxy statement dated April&nbsp;8, 2015.&nbsp; Information regarding PMC&#146;s directors and executive officers is contained in PMC&#146;s Form&nbsp;10-K for the year ended December&nbsp;27, 2014 and its proxy statement dated March&nbsp;20, 2015, which are filed with the SEC.&nbsp; Additional information regarding the participants in the solicitation of proxies in respect of the transactions contemplated by the Merger Agreement and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Safe Harbor for Forward-Looking Statements</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain statements made herein are &#147;forward-looking statements&#148; intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, Section&nbsp;27A of the Securities Act of 1933 and Section&nbsp;21E of the Securities Exchange Act of 1934. These forward-looking statements include without limitation information regarding the proposed transaction between Skyworks and PMC, the expected timetable for completing the transaction, future financial and operating results, benefits and synergies of the transaction, future opportunities for the combined company and any other statements about Skyworks or PMC managements&#146; future expectations, beliefs, goals, plans or prospects.&nbsp; Forward-looking statements can often be identified by words such as &#147;anticipates,&#148; &#147;expects,&#148; &#147;forecasts,&#148; &#147;intends,&#148; &#147;believes,&#148; &#147;plans,&#148; &#147;may,&#148; &#147;will,&#148; or &#147;continue,&#148; and&nbsp; similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">These risks, uncertainties and other important factors include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the outcome of any legal proceedings that could be instituted against PMC or its directors or Skyworks related to the Merger Agreement; the inability to complete the Merger due to the failure to obtain stockholder approval for the Merger or the failure to satisfy other conditions to completion of the Merger, including the receipt of all regulatory approvals related to the Merger; the failure of Skyworks to obtain the necessary financing arrangements set forth in the debt commitment letter delivered pursuant to the Merger Agreement; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; the effects of local and national economic, credit and capital market conditions on the economy in general, and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the SEC, including, but not limited to, those detailed in Skyworks&#146; Annual Report on Form&nbsp;10-K for the year ended October&nbsp;3, 2014 and its most recent quarterly report filed with the SEC and in PMC&#146;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;27, 2014 and its most recent quarterly report filed with the SEC.&nbsp; The forward-looking statements contained herein are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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