Semiconductor maker and Apple supplier Skyworks Solutions and Qorvo Inc. have officially announced a definitive merger agreement valued at approximately $22 billion, marking one of the largest consolidations in the U.S. semiconductor industry.
The companies confirmed the deal in a joint press release on Tuesday, stating that the cash-and-stock transaction will create a global leader in high-performance RF, analog, and mixed-signal semiconductors. The merged entity will be headquartered in the United States, with Phil Brace named as the Chief Executive Officer.
Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 shares of Skyworks common stock for each Qorvo share held at closing. Upon completion, Skyworks shareholders will own 63%, while Qorvo shareholders will hold 37% of the combined enterprise.
The merger aims to deliver several strategic benefits, including:
- Enhanced financial scale and profitability.
- A strengthened innovation pipeline and broader mobile market opportunities.
- A $2.6 billion diversified Broad Markets platform.
- Improved manufacturing utilization and advanced U.S. production capabilities.
The deal is expected to close in early 2027, subject to regulatory approvals and customary closing conditions.
The announcement follows growing consolidation trends in the semiconductor sector, as companies seek to strengthen supply chain resilience and expand product capabilities amid rising global chip demand.
