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Mergers & AcquisitionsMediumUpdated•Originally published 11 September 2026•Updated 11 September 2026•
2 min read

Skyworks Maintains 2026 Goal for $22 Billion Qorvo Merger as Approvals Remain

Key Facts

1Skyworks still targets closing the Qorvo combination during 2026, with no assurance on the timetable.
2The U.S. waiting period ended on August 1, 2026, while the China and South Korea reviews remained open in the August 3, 2026 filing.
3Qorvo shareholders will receive $32.50 and 0.960 Skyworks share per share in a transaction valuing the combined enterprise at approximately $22 billion.
4Participation reached 90.30% for $850 million of notes due in 2029 and 93.29% for $700 million of notes due in 2031 as of September 1, 2026.

Skyworks said in its latest official filing that it remained hopeful of closing its proposed Qorvo combination during 2026 and was preparing for a possible fiscal-year close. It cautioned, however, that the timetable was not assured and completion remained subject to the satisfaction or waiver of closing conditions.

In the market, Skyworks shares closed at $84.03 and Qorvo shares at $112.36 on September 10, 2026. Those verified prices provide context for the movement in both stocks without attributing it to a specific remark; the inspected sources did not substantiate the previous copy's 7% rise to $89.64.

On regulation, the U.S. waiting period expired and the Federal Trade Commission allowed the timing agreement to lapse on August 1, 2026, without further action. Skyworks said in its August 3, 2026 filing that China and South Korea were the only jurisdictions with open reviews, while foreign-investment clearances had been obtained wherever filings were made.

Under the cash-and-stock agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 Skyworks share for each share at closing. The companies valued the combined enterprise at approximately $22 billion based on October 27, 2025 prices, with Skyworks holders expected to own 63% and Qorvo holders 37%. The fixed exchange ratio means the value of the stock component moves with the Skyworks share price until completion.

As a preparatory step, Skyworks extended the Qorvo note-exchange offers until 5:00 p.m. New York time on September 11, 2026. As of September 1, participation stood at 90.30% for $850 million of notes due in 2029 and 93.29% for $700 million of notes due in 2031. Settlement of the offers depends on the merger closing, while the merger's completion does not depend on their results.

The companies say the combination will create a $5.1 billion mobile business and a $2.6 billion diversified broad-markets platform spanning defense and aerospace, connected devices, artificial-intelligence data centers and automotive markets. They also target at least $500 million in annual cost savings within 24 to 36 months after closing and full integration, goals that remain dependent on securing approvals and executing the integration successfully.