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Skyworks Solutions–Qorvo Deal Recasts RF Leader With $500M Synergy Target

Investing.com Logo Investing.com By Timothy Fries
Skyworks Solutions–Qorvo Deal Recasts RF Leader With $500M Synergy Target

Skyworks Solutions and Qorvo announced a transformative merger creating a $22 billion semiconductor company with $7.7 billion in pro forma revenue, targeting $500 million in annual synergies and positioning themselves as a global RF semiconductor leader.

Insights
SWKS   positive

Company will lead the merged entity, owns 63% of combined company, sees immediate earnings accretion and significant strategic benefits