Skyworks Solutions and Qorvo Merger Agreement

Skyworks Solutions, Inc. has entered into an Agreement and Plan of Merger with Qorvo, Inc. on October 27, 2025. The merger involves a two-step process: first, Comet Acquisition Corp., a subsidiary of Skyworks, will merge with Qorvo, with Qorvo surviving as a wholly owned subsidiary of Skyworks. Immediately following, the surviving entity will merge with Comet Acquisition II, LLC, another subsidiary of Skyworks, with Comet Acquisition II continuing as the surviving entity. The merger consideration includes 0.960 shares of Skyworks common stock and $32.50 in cash for each share of Qorvo common stock. The merger is expected to close in early 2027, subject to regulatory and stockholder approvals. The combined company will be led by a board of 11 directors, with seven designated by Skyworks and three by Qorvo. The merger is intended to qualify as a tax-free reorganization under the U.S. Internal Revenue Code.