We are advising Qorvo on the transaction

Davis Polk is advising Qorvo, Inc. on its $22 billion combination with Skyworks Solutions, Inc. in a cash-and-stock transaction. Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at closing. The transaction is expected to close in early calendar year 2027, subject to regulatory approvals and other customary closing conditions.

Qorvo supplies innovative semiconductor solutions that address complex technical challenges in automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile industries.

Skyworks is a developer, manufacturer and provider of analog and mixed-signal semiconductors used in wireless networking and connectivity applications across mobile, aerospace, automotive, industrial, medical and consumer industries. Skyworks’ common shares are listed on Nasdaq under the symbol “SWKS.”

The Davis Polk corporate team includes partners Paul S. Scrivano and Cheryl Chan and associates Joseph G. Marano and Matthew Franklin. Partner Jennifer S. Conway, counsel Charlotte R. Fabiani and associate Mackenzie Bouverat are providing executive compensation advice. Partners Howard Shelanski and Matthew Yeowart are providing antitrust and competition advice. Partner Hilary Dengel is providing sponsor finance advice. Partner Corey M. Goodman is providing tax advice. Members of the Davis Polk team are based in the Northern California, New York, Washington DC and London offices.

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