Chip giant merger! Qorvo + Skyworks join forces to create a $22 billion chip powerhouse.
The two major smartphone chip manufacturers have officially announced a merger. Qorvo has announced a merger with Apple supplier Skyworks Solutions, in a cash and stock deal worth $22 billion.
Transaction details: Qorvo shareholders receive $32.50 in cash per share + 0.96 shares of Skyworks stock.
The market reacted strongly - Qorvo's stock price soared nearly 10% in pre-market trading, opening at around $101, close to a one-year high. Skyworks, on the other hand, dipped slightly by 0.8% to $75.25.
The purpose of the merger is to create a stronger player in the field of radio frequency and connectivity solutions. This wave of actions means an acceleration of integration in the mobile chip sector. What impact will this have on the industry chain? It is worth paying attention to.
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Chip giant merger! Qorvo + Skyworks join forces to create a $22 billion chip powerhouse.
The two major smartphone chip manufacturers have officially announced a merger. Qorvo has announced a merger with Apple supplier Skyworks Solutions, in a cash and stock deal worth $22 billion.
Transaction details: Qorvo shareholders receive $32.50 in cash per share + 0.96 shares of Skyworks stock.
The market reacted strongly - Qorvo's stock price soared nearly 10% in pre-market trading, opening at around $101, close to a one-year high. Skyworks, on the other hand, dipped slightly by 0.8% to $75.25.
The purpose of the merger is to create a stronger player in the field of radio frequency and connectivity solutions. This wave of actions means an acceleration of integration in the mobile chip sector. What impact will this have on the industry chain? It is worth paying attention to.