Skyworks Solutions Surges 13% as $22 Billion Qorvo Merger Nears Final Regulatory Clearance

Skyworks Solutions shares jumped as much as 13% on September 15, making it the top performer in the S&P 500 that session and hitting a new 52-week high, as its $22 billion merger with rival chipmaker Qorvo entered its final stages with only two regulatory jurisdictions remaining to grant approval. The stock was up more than 40% year-to-date heading into the session, and the merger news gave it a fresh catalyst.

The deal, which is anticipated to close in early calendar year 2027, requires Qorvo stockholder adoption of the merger agreement, Skyworks stockholder approval for the issuance of new common stock as deal consideration, and clearance under applicable antitrust and foreign investment regimes. With most jurisdictions now cleared, investors took the narrowing regulatory hurdle count as a strong signal that the combination will proceed. A termination fee of $298.7 million applies to either party under specified circumstances if the deal falls apart.

The gain represented a sharp rebound from the prior session and drew attention from market analysts and traders tracking the semiconductor sector. Skyworks is a key Apple supplier, and the combined entity with Qorvo would create a larger force in the radio frequency chip market that serves smartphone makers and other device manufacturers.