Shares of Skyworks Solutions Inc. , which initially gained after the chip maker announced a deal to buy PMC-Sierra Inc. , are now sharply lower. Skyworks said Tuesday it will buy PMC Sierra for $2 billion in cash in a bid to strengthen its position amid concerns about high inventory levels in the semiconductor sector. Skyworks shares fell 5.1% to $77.72 while PMC Sierra soared 33% to $10.25. The acquisition is expected to close in the first half of 2016.
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