Skyworks and Qorvo Merger
Skyworks Solutions and Qorvo have agreed to merge in a $22 billion cash-and-stock transaction.
The combined entity will have $7.7 billion in revenue and $2.1 billion in Adjusted EBITDA, positioning it to compete with larger semiconductor rivals.
Strengthening Leadership
The merger will drive innovation, cost efficiencies, and growth in high-demand markets such as mobile, defense, and IoT.
The merger enhances scale and innovation, said Skyworks CEO Phil Brace.
The combined company will be a U.S.-based powerhouse in radio frequency, analog, and mixed-signal semiconductors.
Author's summary: Skyworks and Qorvo merge to create a $22 billion semiconductor leader.