"Skyworks Solutions will BUY smaller rival Qorvo, they said on Tuesday, forming a $22 billion combined company that supplies radio-frequency chips to Apple and other smartphone makers."
The stock-and-cash deal, which will create one of the largest U.S. suppliers of radio-frequency chips. The aim is to repositoon the new company for a recovery in the smartphone market.
@g6 if it makes you feel better, OK you are right. a 37% share of control means Qorvo makes the rules. HAAAAAAAAAAAAAAAAAAAAH Dont buy any green bananas. Its a cooked goose! IP then layoffs. Then property sales.
@g5 Not true. They are shutting down many groups at Skyworks. Chatter has been growing since last month. Our group projects are getting handles by teams at Qorvo.
Its an IP grab, Skyworks has no need of any Qorvo groups except the niche designers. No inside man now. RFMD and Triquint leftovers are not protected by anyone. Greensboro property will sell fast!
Reported by Business North Carolina:
"Upon closing, Skyworks shareholders will own approximately 63% of the combined company, while Qorvo shareholders will own approximately 37%, on a fully-diluted basis.
Skyworks CEO Phil Brace will serve as CEO of the combined company; Qorvo CEO Bob Bruggeworth will join the board of directors of the combined company. The combined company’s board of directors will comprise 11 directors, eight from Skyworks and three from Qorvo."