Skyworks and Qorvo to merge

[osnium]

Skyworks and Qorvo to Combine to Create $22 Billion U.S.-Based Leader in High-Performance RF, Analog and Mixed-Signal Solutions​

Key Highlights

• - Enhances scale with revenue of $7.7 billion and Adjusted EBITDA of $2.1 billion1
• - Combines complementary product and technology portfolios and world-class engineering capabilities, creating R&D scale to deliver innovative RF solutions
• - Creates $5.1 billion mobile business positioned to address rising RF complexity
• - Establishes $2.6 billion diversified Broad Markets platform with a growing and profitable TAM across defense & aerospace, edge IoT, AI data center and automotive markets
• - Advances U.S. manufacturing position and improves factory utilization across manufacturing footprint
• - Immediately and meaningfully accretive to non-GAAP EPS post-close, with $500 million or more of annual cost synergies within 24-36 months post-close when the companies are fully integrated
• - Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company

Skyworks and Qorvo to Combine to Create $22 Billion U.S.-Based Leader in High-Performance RF, Analog and Mixed-Signal Solutions

Skyworks and Qorvo to Combine to Create $22 Billion U.S.-Based Leader in High-Performance RF, Analog and Mixed-Signal Solutions...

www.globenewswire.com

Skyworks will be acquiring Qorvo assuming that the regulators approve

 

[swka]

other than the economy of scale and the usual benefit coming from such merger, how would this move change the fact neither companies are seen as innovating?