Skyworks Solutions, Inc. acquired Qorvo, Inc. from Starboard Value LP and others.
Skyworks Solutions (SWKS) acquired Qorvo (QRVO) for $10B on Oct 5, 2026. Qorvo shareholders received $32.50 cash and 0.96 Skyworks shares per share. Skyworks funded the deal with cash and loans. Qorvo had $3.7B revenue, $0.7B operating profit, and $0.8B EBITDA in 2025. The combined company's board will have 11 directors, 8 from Skyworks and 3 from Qorvo.
How this was made
The 30-second read
Why it matters
The combined entity will control ~63% of the new company, aiming for cost savings and expanded product offerings.
Market read
The $10 billion transaction is one of the largest semiconductor M&A deals of the year, likely moving both stocks and sector sentiment.
What to watch
Regulatory scrutiny and post‑deal cost overruns may affect long‑term returns.
Background
The merger combines Skyworks' analog expertise with Qorvo's RF portfolio, creating a larger player in 5G, automotive, and IoT markets.
Ticker impact
Skyworks announced completion of its $10 billion acquisition of Qorvo, expanding its RF portfolio.
likely modest upside as market prices in combined revenue and cost synergies
Deal size and strategic fit are material; investors typically reward scale‑up moves.
Qorvo was acquired by Skyworks for $32.50 cash plus 0.960 SWKS share per QRVO share.
stock will cease trading; former shareholders benefit from cash and SWKS share exposure
Acquisition eliminates QRVO's independent risk; cash component provides immediate value.
Market effects
Consolidation in the RF and analog semiconductor sector may pressure peers.
U.S. semiconductor market sees increased M&A activity.
Deal underscores demand for 5G and automotive RF components worldwide.
Counterpoint
Potential integration challenges could erode expected synergies, weighing on SWKS.
Key entities
- ExecutivePhil Brace
CEO of the combined company
- Board MemberBob Bruggeworth
New board member from Qorvo
