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News  ›  Benzinga

Qorvo, Skyworks Strike $22B Merger To Tackle Next-Gen Connectivity

Benzinga Logo Benzinga By Lekha Gupta
Qorvo, Skyworks Strike $22B Merger To Tackle Next-Gen Connectivity

Qorvo and Skyworks announced a $22 billion merger to create a combined entity with $7.7 billion in pro forma revenue, targeting next-generation connectivity and diversified markets like defense, aerospace, and automotive.

Insights
QRVO   positive

Company is merging with Skyworks, expected to generate significant synergies, and reported strong preliminary Q2 results with $1.1 billion revenue