Skyworks Solutions Closes Qorvo Combination
MT newswire2026/10/05 13:5209:52 AM EDT, 10/05/2026 (MT Newswires) -- Skyworks Solutions (SWKS) completed its Qorvo combination, forming a US-based semiconductor company spanning RF, power management, analog and mixed-signal technologies, the company said Monday. Skyworks expects annualized cost synergies of $500 million or more within 24 to 36 months after closing, the company said. The transaction is expected to immediately boost non-GAAP earnings per share, with legacy Skyworks shareholders owning about 63% and former Qorvo shareholders about 37% of the combined company. Phil Brace will remain Skyworks' chief executive and president, with the company retaining the Skyworks name and SWKS ticker, it added. Skyworks Solutions shares were down 2.6% in Monday trading. Price: 82.72, Change: -2.32, Percent Change: -2.72
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Copper prices approach historic highs! UBS remains bullish: "Still most optimistic"
Crypto prices
More
