Recent Updates — SWKS
Skyworks Solutions completed its previously announced offers to exchange up to $850 million of 4.375% Senior Notes due 2029 and up to $700 million of 3.375% Senior Notes due 2031 issued by Qorvo for new senior unsecured obligations. The company issued approximately $778.1 million in New 2029 Skyworks Notes maturing October 15, 2029, and approximately $646.8 million in New 2031 Skyworks Notes maturing April 1, 2031. The transaction involved consent solicitations to amend Qorvo's indentures prior to the merger closing. Remaining outstanding principal amounts are $70.6 million for the 2029 notes and $52.9 million for the 2031 notes. Skyworks Solutions designs, develops, and manufactures analog and mixed-signal semiconductor components.
Skyworks Solutions has completed its merger with Qorvo, creating a global leader in high-performance radio frequency, power management, and analog semiconductor solutions. Under the transaction terms finalized on October 5, 2026, each Qorvo common share was converted into $32.50 in cash plus 0.960 shares of Skyworks common stock. To finance the deal, Skyworks previously issued $2 billion in senior notes due between 2028 and 2036. The combined entity expects at least $500 million in annual cost synergies within 24 to 36 months and immediate non-GAAP EPS accretion. Legacy Qorvo CEO Bob Bruggeworth joined the Skyworks board, while Robert Terry departed as general counsel. Skyworks operates in the semiconductor industry, designing RF, timing, power management, and mixed-signal solutions for mobile, automotive, and infrastructure markets.
Skyworks Solutions, Inc. announced on September 30, 2026, that it has received all necessary regulatory clearances to proceed with its previously announced merger with Qorvo, Inc. The parties expect to close the transaction on or about October 5, 2026, subject to customary closing conditions. Skyworks and Qorvo agreed to combine in a cash-and-stock transaction announced on October 28, 2025, creating a U.S.-based global leader in high-performance radio frequency, analog, and mixed-signal semiconductors. Additionally, Skyworks is conducting exchange offers for Qorvo's outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031, with expiration expected on October 2, 2026. Skyworks Solutions, Inc. operates in the semiconductor industry as a leading developer and manufacturer of analog and mixed-signal semiconductors for applications including cellular infrastructure, automotive, and consumer electronics.
Skyworks Solutions, Inc. extended the expiration date of its exchange offers for Qorvo’s outstanding senior notes from September 1, 2026, to September 11, 2026. The offers allow holders to exchange $850 million of 4.375% Senior Notes due 2029 and $700 million of 3.375% Senior Notes due 2031 for new Skyworks notes. As of the previous expiration date, 90.30% of the 2029 notes and 93.29% of the 2031 notes had been tendered. The settlement is expected to occur promptly after the new expiration date, contingent on the closing of the merger between Qorvo and a Skyworks subsidiary. Skyworks Solutions, Inc. operates in the semiconductor industry as a leading developer and manufacturer of analog and mixed-signal semiconductors.
Skyworks Solutions, Inc. issued $2 billion in senior unsecured notes to finance the approximately $3 billion cash consideration for its merger with Qorvo, Inc. The issuance includes $800 million of 5.000% Senior Notes due 2028, $600 million of 5.750% Senior Notes due 2032, and $600 million of 6.250% Senior Notes due 2036. The notes were sold pursuant to an Underwriting Agreement dated August 4, 2026, with Goldman Sachs & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities LLC acting as underwriters. Proceeds will be used for the merger consideration or general corporate purposes if the transaction does not close by November 3, 2027. Skyworks Solutions, Inc. operates in the semiconductor industry, designing and manufacturing radio frequency and power management solutions.
Skyworks Solutions provided an update on its proposed merger with Qorvo, confirming that the U.S. Federal Trade Commission allowed the timing agreement to expire without further action after the Hart-Scott-Rodino waiting period ended. The transaction remains subject to closing conditions and pending regulatory approvals in China and South Korea. Skyworks anticipates closing within the calendar year but provided no assurances regarding the timeline. This company operates in the semiconductor industry, designing and manufacturing radio frequency and power management solutions.