Skyworks completed its combination with Qorvo on Oct. 5, 2026, creating a larger semiconductor company with about 8,000 engineers and more than 12,000 issued and pending patents.
The company said the deal is expected to generate $500 million or more in annual cost synergies, with those savings to be realized within 24 to 36 months after closing. Skyworks also said the transaction is expected to be immediately accretive to non-GAAP EPS.
Under the merger terms, Qorvo shareholders receive $32.50 in cash and 0.960 of a Skyworks share for each Qorvo share. On a fully diluted basis, legacy Skyworks shareholders own about 63% of the combined company, while legacy Qorvo shareholders own about 37%.
Skyworks said the combination more than doubles its addressable market and expands its reach beyond mobile into physical AI and connected edge, defense and aerospace, data center and networking, and automotive. It also adds RF GaN, low-voltage power and wired broadband to the technology portfolio.
The company said the combined business will keep operating as Skyworks and continue trading under the SWKS ticker on Nasdaq. Phil Brace remains chief executive officer and president, while three former Qorvo directors — Bob Bruggeworth, Richard Clemmer and Chris Koopmans — have joined the Skyworks board. The market has reacted to these announcements by moving the company's shares 2.25% to a price of $85.03. For the full picture, make sure to review SKYWORKS SOLUTIONS, INC.'s 8-K report.
