Skyworks to Acquire Qorvo in a $10.2 Billion Cash and Stock Deal

Skyworks Solutions, Inc. (SWKS) entered a merger agreement on October 28, 2025, to acquire Qorvo, Inc. (QRVO) in a cash and stock deal valued at $10.2 billion.

Deal Structure:

Qorvo shareholders will receive $32.5 in cash and 0.96 of a Skyworks common share for each Qorvo share held, which implies a value of $105.31 per Qorvo share. This price is at a premium of 14.3% from the stock’s last close.

Company Profile:

Qorvo is a provider of semiconductor solutions that power and connect applications across mobile, infrastructure, defense, automotive, and industrial markets worldwide.

Skyworks is a provider of analog and mixed-signal semiconductor solutions that enable connectivity across mobile, automotive, industrial, aerospace, and broadband applications worldwide.

Deal Details and Timeline:

Skyworks shareholders will own approximately 63% of the combined company, while Qorvo shareholders will hold the remaining 37%.

Skyworks CEO Phil Brace will become the CEO of the new combined company, and Qorvo CEO Bob Bruggeworth will join its Board.

The combined company’s Board will include 11 members: eight from Skyworks and three from Qorvo.

Skyworks plans to pay the cash part of the deal using its own funds and new financing. The company has secured debt financing commitments from Goldman Sachs.

The deal is expected to close in early 2027.

Activist investor Starboard Value, which owns about 8% of Qorvo, has agreed to vote in favor of the deal.

Qorvo was advised by Centerview Partners on financial matters and represented by Davis Polk & Wardwell for legal counsel. Skyworks received financial advice from Qatalyst Partners and Goldman Sachs, and legal counsel from Skadden, Arps, Slate, Meagher & Flom.

Skyworks is paying 2.47 times the sales for Qorvo.

Deal Metrics:

For further insights into this merger and acquisition transaction, please visit the Deal Metrics page:

Deal Metrics for the acquisition of Qorvo, Inc. (QRVO) by Skyworks Solutions, Inc. (SWKS)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Key events as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings related to the merger.
• A history of deal updates.
• And much more.

Disclaimer: Please conduct your own research and due diligence before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article