Skyworks Solutions, Inc. announced the completion of its merger with Qorvo, Inc. on October 5, 2026. The transaction, originally agreed upon on October 27, 2025, positions Qorvo as a wholly-owned subsidiary of Skyworks. The merger was funded through a combination of stock and cash, which was raised via a senior notes offering.
Key Details
- Merger Consideration: Each share of Qorvo common stock was converted into the right to receive 0.960 shares of Skyworks common stock and $32.50 in cash.
- Board of Directors Update: The Skyworks Board was expanded to 11 members, with three directors designated by Qorvo (Robert A. Bruggeworth, Richard L. Clemmer, and Christopher R. Koopmans) joining the board. Kevin L. Beebe resigned from the Skyworks Board.
- Executive Leadership Change: Effective upon closing, Qorvo's former Senior Vice President and General Counsel, Jason K. (J.K.) Givens, was appointed as Skyworks' new Senior Vice President and General Counsel, Secretary. Robert Terry has departed from this role at Skyworks.
- Transaction Financing: The cash portion of the merger was financed by the net proceeds from a $2.0 billion offering of Senior Notes completed on August 10, 2026.