Two of the radio-frequency semiconductor industry's largest suppliers are on the verge of becoming one. Skyworks Solutions announced on September 30 that it has received all necessary regulatory clearances to proceed with its proposed combination with Qorvo, with the companies now targeting a closing on or about October 5, 2026, subject to remaining customary conditions.
The deal, first unveiled on October 28, 2025 as an approximately $22 billion cash-and-stock transaction, would create a US-based leader in high-performance radio frequency, analog and mixed-signal chips — the foundational components inside smartphones, cars, data centers, aerospace systems and connected devices.
A scale deal for the RF chip market
When the combination was originally announced, Skyworks and Qorvo said the merged company would carry roughly $7.7 billion in pro forma annual revenue and about $2.1 billion in adjusted EBITDA. The pairing is designed to build a roughly $5.1 billion mobile business alongside a $2.6 billion diversified "Broad Markets" platform spanning defense and aerospace, edge IoT, AI data centers and automotive.
Under the terms announced last October, Qorvo shareholders would receive $32.50 in cash and 0.960 Skyworks shares for each Qorvo share. On completion, existing Skyworks investors would hold about 63 percent of the combined company, with Qorvo shareholders owning the remaining 37 percent. Skyworks President and CEO Phil Brace is set to lead the merged company, while Qorvo's Bob Bruggeworth would join its board.
From early-2027 to October
The expected timing marks an acceleration from the original timetable, which had penciled in completion in early calendar 2027. Regulatory clearance now puts the companies about three months ahead of that schedule.
The pairing also brings together deep engineering and intellectual property resources — approximately 8,000 engineers and technical specialists and more than 12,000 issued and pending patents. The companies previously projected at least $500 million in annual cost synergies within 24 to 36 months of closing, once the businesses are fully integrated.
Why it matters
Both companies continue to generate substantial standalone revenue. Skyworks posted $935 million in fiscal third-quarter 2026 revenue, ended July 3, and pointed to momentum in its Broad Markets segment led by automotive and data center applications. Qorvo reported $784.8 million in revenue for its fiscal 2027 first quarter, ended June 27, including double-digit year-over-year growth in defense and aerospace, infrastructure and power. Together, their most recently reported quarters exceed $1.7 billion in revenue — a signal of the scale the combined entity would command in markets where AI infrastructure and connected devices are driving demand.
Sources:
Skyworks Receives All Necessary Clearances for Proposed Combination with Qorvo (company press release, GlobeNewswire, Sept 30, 2026)
Skyworks-Qorvo $22 Billion Merger Clears Final Regulatory Hurdles, Closing Expected October 5 (everything RF)
The deal, first unveiled on October 28, 2025 as an approximately $22 billion cash-and-stock transaction, would create a US-based leader in high-performance radio frequency, analog and mixed-signal chips — the foundational components inside smartphones, cars, data centers, aerospace systems and connected devices.
A scale deal for the RF chip market
When the combination was originally announced, Skyworks and Qorvo said the merged company would carry roughly $7.7 billion in pro forma annual revenue and about $2.1 billion in adjusted EBITDA. The pairing is designed to build a roughly $5.1 billion mobile business alongside a $2.6 billion diversified "Broad Markets" platform spanning defense and aerospace, edge IoT, AI data centers and automotive.
Under the terms announced last October, Qorvo shareholders would receive $32.50 in cash and 0.960 Skyworks shares for each Qorvo share. On completion, existing Skyworks investors would hold about 63 percent of the combined company, with Qorvo shareholders owning the remaining 37 percent. Skyworks President and CEO Phil Brace is set to lead the merged company, while Qorvo's Bob Bruggeworth would join its board.
From early-2027 to October
The expected timing marks an acceleration from the original timetable, which had penciled in completion in early calendar 2027. Regulatory clearance now puts the companies about three months ahead of that schedule.
The pairing also brings together deep engineering and intellectual property resources — approximately 8,000 engineers and technical specialists and more than 12,000 issued and pending patents. The companies previously projected at least $500 million in annual cost synergies within 24 to 36 months of closing, once the businesses are fully integrated.
Why it matters
Both companies continue to generate substantial standalone revenue. Skyworks posted $935 million in fiscal third-quarter 2026 revenue, ended July 3, and pointed to momentum in its Broad Markets segment led by automotive and data center applications. Qorvo reported $784.8 million in revenue for its fiscal 2027 first quarter, ended June 27, including double-digit year-over-year growth in defense and aerospace, infrastructure and power. Together, their most recently reported quarters exceed $1.7 billion in revenue — a signal of the scale the combined entity would command in markets where AI infrastructure and connected devices are driving demand.
Sources:
Skyworks Receives All Necessary Clearances for Proposed Combination with Qorvo (company press release, GlobeNewswire, Sept 30, 2026)
Skyworks-Qorvo $22 Billion Merger Clears Final Regulatory Hurdles, Closing Expected October 5 (everything RF)
