Huan Qiu Wang Zi Xun·2025-10-29 03:55Core Insights - Skyworks Solutions and Qorvo have signed a merger agreement to create a radio frequency chip giant valued at $22 billion [1][3] Company Overview - Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks stock per share, representing a 14.3% premium over Qorvo's previous closing price [3] - Post-merger, Skyworks shareholders will own approximately 63% of the new company, while Qorvo shareholders will hold the remaining 37% [3] - Phil Brace, CEO of Skyworks, will lead the new company, with Qorvo's CEO Bob Bruggeworth joining the board [3] Industry Context - Both companies are key suppliers of radio frequency chips for Apple but face challenges due to Apple's in-house chip development [3] - The iPhone 16e model is expected to partially utilize Apple's self-developed RF modules by 2025, putting pressure on orders for both companies [3] - The merger aims to integrate critical technologies such as filters and power amplifiers, enhancing the new company's bargaining power with Apple [3]