Skyworks-Qorvo Merger Clears U.S. Antitrust Hurdle; China, South Korea Remain
QRVO sits 23% above its 52-week low of $74.92.
Summary
Skyworks announced that the FTC has cleared the Qorvo acquisition under U.S. antitrust law, with only China and South Korea remaining. The deal is on track to close by year-end.
Key Events · M&A and Partnerships · QRVO
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U.S. Antitrust Clearance Obtained
The FTC allowed the HSR waiting period to expire on August 1, 2026, without taking action, removing the last U.S. regulatory hurdle to the Skyworks-Qorvo merger.
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Remaining Regulatory Approvals
Only antitrust reviews in China (SAMR) and South Korea (KFTC) remain open; all foreign investment filings have been cleared.
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Closing Timeline Narrowed
Skyworks is hopeful the transaction will close within the calendar year and is preparing to close as early as within its fiscal year, subject to remaining approvals.
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Merger De-Risking Advances
The clearance follows a series of milestones including bondholder consents, exchange offers, and strong financial results from both companies, reinforcing the deal's momentum.
Analysis · QRVO · Manufacturing
The FTC allowed the HSR waiting period to expire without action, removing the last U.S. regulatory barrier to the $8.6 billion acquisition. With all foreign investment approvals secured, only antitrust reviews in China and South Korea stand between the deal and closing. Skyworks now targets a close within the calendar year, potentially as early as its fiscal year. This materially de-risks the merger, which has been a central driver of Qorvo's stock and corporate strategy since October 2025.
At the time of this filing, QRVO was trading at $92.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8B. The 52-week trading range was $74.92 to $109.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.