Cirrus Logic, Inc. (NasdaqGS:CRUS) is looking for M&A. Venkatesh Nathamuni, Chief Financial Officer said, "So as it relates specifically to your M&A question, clearly, the market is now in a situation where there's a lot of price discovery aspects that are still uncertain, just given how the market has performed. And for us, we want to be very selective about what M&A we pursue. And we'll do it both based more on strategy as opposed to just purely from the standpoint of what the current market conditions are.

And so we continue to look at M&A opportunities on a regular basis, but we'll pull the trigger for the appropriate opportunity at the right time. But our primary uses of cash are in that order, number one, to invest in R&D, M&A and then to do cash buybacks".