Apple supplier Skyworks held talks to buy $8 billion rival Qorvo, The Information reports
Update: 2025-10-28
Description
Skyworks Solutions is acquiring Qorvo in a $22 billion deal, creating a major U.S. supplier of radio-frequency chips. The combined company will be worth $22 billion, with Qorvo shareholders receiving $32.50 in cash and 0.42 Skyworks shares for each Qorvo share. This move comes as demand for smartphones recovers and Apple doubles down on in-house chips. The merger could reshape the radio-frequency chip market and draw antitrust scrutiny. The deal is expected to close in early 2027, with Skyworks' CEO Phil Brace leading the new company.
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