In a major semiconductor industry consolidation, Skyworks Solutions has announced an agreement to acquire rival Qorvo. The all-stock transaction creates a combined entity with an enterprise value of approximately $22 billion, positioning it as a leading U.S. radio frequency (RF) chip supplier primarily serving smartphone makers like Apple.
The deal values Qorvo at about $9.76 billion, offering its shareholders a 14.3% premium. The merger aims to create a $5.1 billion mobile business by combining complementary products and technologies. This move is also seen as a strategic response to increasing pressure, including from Apple's potential in-house RF chip development.
Beyond smartphones, the combined company will establish a $2.6 billion diversified platform targeting high-growth areas like defense aerospace, AI data centers, and automotive. The merger is expected to close in early 2027, pending regulatory approvals.
ICgoodFind : This merger is a strategic response to market competition and technological shifts, poised to reshape the global high-end RF chip landscape.
