Skyworks and Qorvo Merge to Form $22B RF Giant

In a major move set to reshape the global RF semiconductor landscape, Skyworks Solutions and Qorvo Inc. have officially announced a merger valued at around $22 billion. The two U.S.-based chipmakers, both key players in the radio frequency (RF), analog, and mixed-signal semiconductor markets, confirmed the deal on October 28, 2025, after months of private negotiations.

Skyworks, best known for supplying RF chips to Apple and other smartphone manufacturers, will take a leading role in the combined company. Under the agreement, Qorvo shareholders will receive $32.50 in cash and 0.96 shares of Skyworks common stock per Qorvo share. Once completed, Skyworks investors will own about 63%, while Qorvo shareholders will hold the remaining 37% of the merged company.

The new company will be led by Phil Brace as CEO, with Bob Bruggeworth, Qorvo's current chief executive, joining the board. The board will include 11 members—8 from Skyworks and 3 from Qorvo.

Following the announcement, both companies saw a sharp rise in stock prices—Skyworks surged nearly 20%, and Qorvo jumped over 15% during U.S. trading. According to the London Stock Exchange, Qorvo's market value stood at $8.54 billion, while Skyworks was valued at $11.26 billion.

Industry analysts see the merger as a major consolidation move in a market historically dominated by Qualcomm, Broadcom, Murata, Skyworks, and Qorvo. Data from Counterpoint Research shows that together, Skyworks and Qorvo controlled 33.7% of the global RF front-end chip market in 2022.

Interestingly, Skyworks has relied heavily on Apple, which accounted for about 59% of its revenue, while Qorvo derived around 30% of its income from similar platform customers. This merger could diversify their customer base and strengthen their competitiveness in next-generation 5G, Wi-Fi 7, and IoT applications.

Activist investor Starboard Value has also raised its stake in Qorvo to 8.9%, nominating Peter Feld to the company's board prior to the merger announcement, signaling growing investor interest in RF semiconductor consolidation.