Skyworks Solutions and Qorvo, makers of Wi-Fi and ultra wideband processors for the iPhone, are merging as both attempt to guard against over-reliance on Apple.
Skyworks motherboard — image credit: Skyworks Solutions
Skyworks motherboard — image credit: Skyworks Solutions
Back in May 2024, Skyworks reported a significant drop in sales, and that was chiefly attributed to the iPhone. While neither it nor Qorvo solely supply Apple, the iPhone is an enormous percentage of their business, and they have been trying to diversify.
Now following rumors of Skyworks acquiring Qorvo, Reuters reports that the two are to merge. There is little detail as yet, but the companies say that the merger is a cash-and-stock deal which values the combined firm at around $22 billion.