MergerOct 5, 2026, 08:46 AM
Skyworks Completes Combination with Qorvo
AI Summary
Skyworks Solutions, Inc. announced the successful completion of its combination with Qorvo, Inc. The transaction creates a U.S.-based global leader in high-performance RF, power management, and analog and mixed-signal semiconductor solutions. Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks common stock for each share of Qorvo common stock they owned. The combined company expects to achieve $500 million or more in annual cost synergies and anticipates the transaction will be immediately accretive to non-GAAP EPS. Phil Brace will continue as CEO and President, and former Qorvo CEO Bob Bruggeworth has joined the Skyworks Board of Directors.
Key Highlights
- Skyworks Solutions, Inc. has completed its combination with Qorvo, Inc.
- Qorvo shareholders to receive $32.50 cash and 0.960 shares of Skyworks common stock per share.
- Legacy Skyworks shareholders own approximately 63% of the combined company; legacy Qorvo shareholders own approximately 37%.
- Expected to achieve $500 million or more in annual cost synergies within 24-36 months.
- Transaction is expected to be immediately accretive to non-GAAP EPS.
- Phil Brace continues as CEO and President of Skyworks; Bob Bruggeworth joins Skyworks Board of Directors.
Price Impact
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