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Skyworks to merge with Qorvo in $22bn deal
Yahoo Finance· 2025-10-29 09:37
Core Viewpoint - Skyworks and Qorvo are merging in a transaction valued at approximately $22 billion, combining their strengths in high-performance semiconductor solutions [1][5]. Company Overview - Skyworks shareholders will own 63% of the combined entity, while Qorvo shareholders will hold 37% on a fully diluted basis [2]. - The merged entity will operate from the US and focus on RF, analogue, and mixed-signal semiconductor solutions [1][2]. Business Segments - The transaction will create a mobile business segment expected to generate $5.1 billion in revenue, alongside a diversified platform in broad markets, including defence, aerospace, edge IoT, automotive, and AI data centres, estimated at $2.6 billion in revenue [6]. Leadership and Structure - Phil Brace has been appointed as the incoming CEO of the joint company, with Bob Bruggeworth joining the board of directors [5]. - The board will consist of eight members from Skyworks and three from Qorvo [5]. Innovation and Growth Potential - The merger will combine approximately 8,000 engineers and technical staff and hold over 12,000 issued and pending patents, enhancing innovation capabilities [4]. - The unified business is projected to have estimated annual revenue of $7.7 billion and adjusted EBITDA of $2.1 billion [5].