Skyworks Solutions Inc., agreed to buy PMC- Sierra Inc. for $2 billion in cash, marking the second multibillion-dollar chip merger announced in the past month.

PMC shareholders will get $10.50 per share, a 37 percent premium to Monday’s close of $7.69 on the Nasdaq. The deal will add 75 cents per share to Skyworks’ earnings on an annual non- GAAP basis, it said in a statement.

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