Apple supplier Skyworks held talks to buy $8 billion rival Qorvo

Core Insights - Skyworks Solutions is in discussions to acquire rival Qorvo, which has a market capitalization of $8.54 billion [1][2] - Skyworks has a market cap of $11.26 billion and employs over 10,000 people as of 2024 [2] - Skyworks designs and manufactures analog and mixed-signal chips for various sectors, including wireless communication and consumer electronics [3] Company Performance - Skyworks forecasted fourth-quarter revenue and profit above Wall Street expectations, driven by steady demand for its analog chips [3] - Qorvo has faced pressure from activist investor Starboard Value, which has increased its stake to approximately 8.9% and nominated a member for election to its board [4]