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Skyworks and Qorvo to merge

O

osnium

Well-known member

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

www.globenewswire.com

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 www.globenewswire.com

Skyworks will be acquiring Qorvo assuming that the regulators approve
 
swka said:
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?
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Probably only efficiency benefits because the smaller company's corporate staff can be reduced, like in finance, legal, HR, etc, only one BoD, better terms with banks and insurers... lots of little things that add up. I suspect R&D orgs can be combined too, and they can probably shed some senior management and even engineers.

In other words, higher gross and net margins even if the revenue is only S + Q.
 
blueone said:
Probably only efficiency benefits because the smaller company's corporate staff can be reduced, like in finance, legal, HR, etc, only one BoD, better terms with banks and insurers... lots of little things that add up. I suspect R&D orgs can be combined too, and they can probably shed some senior management and even engineers.

In other words, higher gross and net margins even if the revenue is only S + Q.
Click to expand...
understood. those typically happens for mergers like these. I am just hoping there are better focus on addressing their broad application area with more innovations, instead of essentially milking what they have. I have seen many startups attempting to attack specific market with great new tech .
 
swka said:
understood. those typically happens for mergers like these. I am just hoping there are better focus on addressing their broad application area with more innovations, instead of essentially milking what they have. I have seen many startups attempting to attack specific market with great new tech .
Click to expand...
I agree, but as the announcement said, they've already identified $500M of "cost synergies".
 
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