Skyworks Solutions and Qorvo, makers of Wi-Fi and ultra wideband processors for the iPhone, are merging as both attempt to guard against over-reliance on Apple.
Back in May 2024, Skyworks reported a significant drop in sales, and that was chiefly attributed to the iPhone. While neither it nor Qorvo solely supply Apple, the iPhone is an enormous percentage of their business, and they have been trying to diversify.
Now following rumors of Skyworks acquiring Qorvo, Reuters reports that the two are to merge. There is little detail as yet, but the companies say that the merger is a cash-and-stock deal which values the combined firm at around $22 billion.
The news follows Skyworks Solutions seeing its stock drop almost 25% in February 2025. At that time, Apple represented 72% of the firm's $1 billion revenue in the December 2024 quarter.
Skyworks said that it was losing its iPhone orders to a competitor, which analysts claimed was Broadcom. That's despite an October 2024 report that Apple was in fact ditching Broadcom's Wi-Fi processors for its own design, as it has with Qualcomm and modems.
Alongside Wi-Fi processors, Skyworks makes radio frequency components. According to the Microwave Journal, for example, a teardown of the iPhone 12 revealed 12 Skyworks Solutions RF modules.
Similarly, Qorvo has made power amplifiers for radio components in the iPhone. From 2022, though, Qorvo also expanded into Ultra Wideband (UWB) processors, specifically certified to work with Apple's U1 chip.
It's not known yet whether the two firms will continue to trade under their present names, or form a new brand. Qorvo itself was originally formed in 2015 when RF Micro Devices bought TriQuint Semiconductor.
