Xin Lang Cai Jing·2025-10-30 08:56Core Insights - Skyworks Solutions announced the acquisition of Qorvo, creating a combined company valued at $22 billion [1][3] - The deal aims to establish the largest RF chip supplier in the U.S. amid recovering smartphone demand post-pandemic [3] Transaction Details - The acquisition will be a stock and cash transaction, with Qorvo shareholders receiving $32.50 in cash and 0.960 shares of Skyworks stock per share [3] - The total offer for Qorvo is approximately $105.31 per share, representing a 14.3% premium over its previous closing price, with an overall valuation of about $9.76 billion [3] - Following the announcement, both companies' stock prices rose by approximately 12% in pre-market trading [3] Company Background - Skyworks specializes in designing and manufacturing analog and mixed-signal chips for wireless communication, automotive electronics, industrial equipment, and consumer electronics [3] - In August, Skyworks projected that its Q4 revenue and profits would exceed Wall Street expectations due to strong demand for its analog chips [3] Market Context - Apple is increasingly focusing on in-house RF chip development, which may reduce reliance on external suppliers like Skyworks and Qorvo, potentially impacting their long-term sales outlook [3] - The merger of these two leading U.S. smartphone RF chip companies may trigger stringent antitrust scrutiny from regulatory bodies [3] Leadership Structure - The transaction is expected to be completed by early 2027, with Skyworks CEO Phil Breslin becoming the CEO of the merged entity, while Qorvo's current CEO Bob Bruggeworth will join the new company's board [4]