Skyworks Completes Combination with Qorvo
Key Highlights
- ➤Skyworks completes combination with Qorvo, creating a larger, diversified semiconductor company
- ➤Annualized cost synergies of $500 million or more expected within 24 to 36 months
- ➤Transaction expected to be immediately accretive to non-GAAP EPS
- ➤Qorvo shareholders receive $32.50 cash and 0.960 Skyworks share per share
- ➤Legacy Skyworks shareholders own approximately 63% of the combined company
Expert Statements
Phil Brace, Chief executive officer and president of Skyworks
“This combination is about far more than bringing two companies together”
Phil Brace, Chief executive officer and president of Skyworks
“Our customers are tackling increasingly complex challenges and need partners with the capabilities, engineering expertise and scale to help them innovate faster.”
Phil Brace, Chief executive officer and president of Skyworks
“Together, we are well positioned to deliver more integrated, system-level solutions and accelerate the next generation of connected technologies.”
Phil Brace, Chief executive officer and president of Skyworks
“Today marks an important milestone—but it is only the beginning.”
Phil Brace, Chief executive officer and president of Skyworks
“We see an extraordinary opportunity to create long-term value for our customers, shareholders and employees while helping shape the future of our industry.”
Bob Bruggeworth, Former chief executive officer and president of Qorvo and member of the Skyworks Board of Directors
“This next chapter begins with an immense amount of pride.”
Bob Bruggeworth, Former chief executive officer and president of Qorvo and member of the Skyworks Board of Directors
“I've had the opportunity to see firsthand our teams preparing for this moment with tremendous focus and discipline.”
Bob Bruggeworth, Former chief executive officer and president of Qorvo and member of the Skyworks Board of Directors
“I have great confidence in the future of the combined company and its ability to deliver on the promise of the combination.”
IRVINE, Calif., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Skyworks (Nasdaq: SWKS) today announced the successful completion of its combination with Qorvo. The close of the transaction creates a U.S.-based, global leader in high-performance radio frequency (RF), power management, and analog and mixed-signal semiconductor solutions.
“This combination is about far more than bringing two companies together,” said Phil Brace, chief executive officer and president of Skyworks. “Our customers are tackling increasingly complex challenges and need partners with the capabilities, engineering expertise and scale to help them innovate faster. Together, we are well positioned to deliver more integrated, system-level solutions and accelerate the next generation of connected technologies. Today marks an important milestone—but it is only the beginning. We see an extraordinary opportunity to create long-term value for our customers, shareholders and employees while helping shape the future of our industry.”
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