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Skyworks to Acquire Qorvo for $9.76 Billion Amid AI Growth
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Kevin Kandlbinder on Unsplash
TL;DR
Skyworks Solutions is set to acquire Qorvo for $9.76 billion in cash and stock, aiming to create more efficient chips for on-device AI processing with faster wireless connections and reduced power consumption. CEO Phil Brace believes combining Qorvo's antenna tuners with Skyworks' filters will achieve this, with the deal's closure anticipated in early 2027 pending regulatory approval in China.
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Key takeaways
- Skyworks Solutions will acquire Qorvo for $9
- 76 billion in a cash and stock transaction, according to a Reuters report
- Skyworks CEO Phil Brace cited the growing power and data requirements of artificial intelligence applications on mobile devices as a key driver for the acquisition
Skyworks Solutions will acquire Qorvo for $9.76 billion in a cash and stock transaction, according to a Reuters report. Skyworks CEO Phil Brace cited the growing power and data requirements of artificial intelligence applications on mobile devices as a key driver for the acquisition. The company anticipates that the combined entity will deliver more efficient, integrated chips capable of supporting on-device AI processing. Specifically, Brace believes the integration of Qorvo's antenna tuners with Skyworks' filters will enable faster wireless data connections with reduced power consumption. The deal is expected to close in early 2027, contingent upon regulatory approval in China.
Related Topics
SkyworksQorvoacquisitionAImobile devicesradio frequency chipspower efficiency
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