Reported 1 day ago
Apple suppliers Qorvo and Skyworks Solutions will merge in a cash-and-stock deal valued at $22 billion, creating a leading radio chip company. Qorvo shareholders will receive cash and shares in the new entity, with Skyworks owning approximately 63% post-merger. Both companies, which develop semiconductor components for various technologies, aim to enhance their competitiveness against larger rivals. The merger is expected to complete in early 2027, subject to necessary approvals.
Source: YAHOO