Skyworks, Qorvo surge on $22 billion merger deal

Qorvo

28/10/2025 15:11

Updates

** Shares of smartphone chipmaker Qorvo QRVO.O jump 11% to $102.43 - their highest in more than one year

** Apple AAPL.O supplier Skyworks Solutions SWKS.O shares gain 12.5% to $85.12 - highest in nearly nine months

        ** Cos to merge in cash-and-stock deal that values the combined company at about $22 billion

** Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks share for each share held

** QRVO and SWKS are among top gainers on S&P 500 index on Tuesday

** Including session's moves, QRVO up 31.8% YTD while SWKS is down 3.5%, compared with a 22.4% increase in the Nasdaq index .IXIC

 (Reporting by Ragini Mathur and Anhata Rooprai in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com))