Skyworks Clears Final Regulatory Hurdle for Qorvo Merger, Targets October 5 Close

SWKS said on September 30 that it has received all necessary regulatory clearances for its combination with QRVO, and the companies expect to close the deal on or about Monday, October 5, subject to remaining customary conditions. According to Seeking Alpha, the last outstanding approval was from China; Skyworks' own release does not name the regulator.

Alongside the clearance, Skyworks extended the expiration of its exchange offers for Qorvo's 4.375% senior notes due 2029 and 3.375% senior notes due 2031 from 5:00 p.m. New York time on October 2 to the same time on October 5, aligning it with the expected closing. As of September 30, holders had tendered $779.25 million of the $850 million 2029 notes, or 91.68%, and $653.328 million of the $700 million 2031 notes, or 93.33%. Those levels were unchanged from the previous update on September 25. The offers are conditioned on the merger closing.

Under the terms announced in October 2025, Qorvo shareholders receive $32.50 in cash and 0.960 of a Skyworks share for each Qorvo share. The combined company has an enterprise value of about $22 billion, with Skyworks holders owning about 63% and Qorvo holders about 37%, and Phil Brace will serve as its CEO. Closing on October 5 would come months ahead of the original expectation of early calendar 2027.

What to watch: the closing itself, the combined company's first guidance, and progress on the targeted $500 million or more of annual cost synergies within 24 to 36 months. Investing.com reported moves of minus 2.91% for Skyworks and minus 1.94% for Qorvo alongside its September 30 coverage.