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[425] Qorvo, Inc. Business Combination Communication

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
425
Rhea-AI Filing Summary

Qorvo announced an agreement to combine with Skyworks, aligning complementary semiconductor technologies and sales models. The message to sales representatives emphasizes continuity and customer focus during the transition.

The companies will operate separately until closing, which is expected in early 2027, subject to required regulatory approvals, approval of Qorvo and Skyworks shareholders, and customary closing conditions. Current rep contracts, commissions and territories remain unchanged in the interim. Skyworks intends to file a Form S-4 that will include a joint proxy statement/prospectus for stockholders.

Qorvo ha annunciato un accordo per unirsi a Skyworks, allineando tecnologie a semiconduttori complementari e modelli di vendita. Il messaggio agli rappresentanti di vendita enfatizza la continuità e l'attenzione al cliente durante la fase di transizione.

Le aziende opereranno separatamente fino alla chiusura, prevista per l'inizio del 2027, soggetta alle necessarie approvazioni regolamentari, all'approvazione da parte degli azionisti di Qorvo e Skyworks e alle consuete condizioni di chiusura. I contratti attuali degli agenti, le commissioni e i territori rimarranno invariati nel frattempo. Skyworks intende presentare un Form S-4 che includerà un proxy statement/prospectus congiunto per gli azionisti.

Qorvo anunció un acuerdo para fusionarse con Skyworks, alineando tecnologías complementarias de semiconductores y modelos de venta. El mensaje para los representantes de ventas enfatiza la continuidad y el enfoque en el cliente durante la transición.

Las empresas operarán por separado hasta el cierre, que se espera en principios de 2027, sujeto a las aprobaciones regulatorias requeridas, a la aprobación por parte de los accionistas de Qorvo y Skyworks y a condiciones de cierre habituales. Los contratos actuales de los representantes, las comisiones y los territorios permanecerán sin cambios durante el periodo interino. Skyworks tiene la intención de presentar un Formulario S-4 que incluirá una declaración conjunta de proxy/prospecto para los accionistas.

QorvoSkyworks와의 합병을 발표하여 보완적인 반도체 기술과 판매 모델을 정렬했습니다. 판매 대표자들에게 보내는 메시지는 전환 기간 동안 연속성과 고객 중심에 중점을 둡니다.

그 기업들은 마감 시점까지는 별도 운용되며, 2027년 초로 예상되는 마감일은 필요한 규제 승인, Qorvo와 Skyworks 주주들의 승인 및 일반적인 종결 조건에 따릅니다. 현행 대리점 계약, 커미션 및 영업 영역은 그 사이에 변경되지 않습니다. Skyworks는 주주를 위한 공동 프록시 통지/청약서를 포함하는 양식 S-4를 제출할 예정입니다.

Qorvo a annoncé un accord visant à se fusionner avec Skyworks, en alignant des technologies de semiconducteurs complémentaires et des modèles de vente. Le message destiné aux représentants commerciaux met l'accent sur la continuité et l'orientation client pendant la transition.

Les entreprises fonctionneront séparément jusqu'à la clôture, qui devrait avoir lieu début 2027, sous réserve des approbations réglementaires requises, de l'approbation par les actionnaires de Qorvo et Skyworks et des conditions de clôture habituelles. Les contrats actuels des représentants, les commissions et les territoires resteront inchangés pendant la période transitoire. Skyworks prévoit de déposer un formulaire S-4 qui comprendra une déclaration conjointe de procuration/prospectus pour les actionnaires.

Qorvo hat eine Vereinbarung zur Vereinigung mit Skyworks angekündigt, um komplementäre Halbleitertechnologien und Vertriebsmodelle abzustimmen. Die Botschaft an die Vertriebsmitarbeiter betont Kontinuität und Kundenzentrierung während des Übergangs.

Die Unternehmen werden bis zum Abschluss separat operieren, der voraussichtlich Anfang 2027 erfolgt, vorbehaltlich der erforderlichen behördlichen Genehmigungen, der Zustimmung von Qorvo- und Skyworks-Aktionären und üblicher Abschlussbedingungen. Die aktuellen Vertreterverträge, Provisionen und Territorien bleiben vorläufig unverändert. Skyworks beabsichtigt, ein Form S-4 einzureichen, das eine gemeinsame Proxy-Erklärung/Prospekt für Aktionäre enthalten wird.

Qorvo أعلنت عن اتفاقية للاندماج مع Skyworks، مما يوحّد تقنيات أشباه الموصلات التكاملية ونماذج المبيعات المتكاملة. الرسالة الموجهة لممثلي المبيعات تؤكد الاستمرارية والتركيز على العميل خلال الانتقال.

ستعمل الشركتان بشكل منفصل حتى الإغلاق، المتوقع في بداية 2027، رهناً بالموافقات التنظيمية المطلوبة، وموافقة مساهمي Qorvo وSkyworks، وبشروط الإغلاق المعتادة. عقود الممثلين الحالية والعمولات والمناطق ستظل دون تغيير في الفترة الانتقالية. تعتزم Skyworks تقديم نموذج S-4 الذي سيتضمن بيان وكالة/ نشرة اكتتاب مشتركة للمساهمين.

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Insights

Transformative merger announced; terms and timing depend on approvals.

Qorvo and Skyworks plan to combine, bringing together RF, analog and mixed-signal capabilities. The communication underscores a continued reliance on third-party sales representatives, signaling commercial continuity during the pendency period.

Closing is expected in early 2027, contingent on shareholder and regulatory approvals and other conditions. Until then, both companies remain independent and maintain existing rep contracts, commissions and territories, limiting near-term operational disruption.

Key dependencies include SEC review of the Form S-4 and joint proxy process, antitrust and other regulatory clearances, and stockholder votes. Subsequent filings will detail transaction mechanics, consideration and any post-close integration plans.

Qorvo ha annunciato un accordo per unirsi a Skyworks, allineando tecnologie a semiconduttori complementari e modelli di vendita. Il messaggio agli rappresentanti di vendita enfatizza la continuità e l'attenzione al cliente durante la fase di transizione.

Le aziende opereranno separatamente fino alla chiusura, prevista per l'inizio del 2027, soggetta alle necessarie approvazioni regolamentari, all'approvazione da parte degli azionisti di Qorvo e Skyworks e alle consuete condizioni di chiusura. I contratti attuali degli agenti, le commissioni e i territori rimarranno invariati nel frattempo. Skyworks intende presentare un Form S-4 che includerà un proxy statement/prospectus congiunto per gli azionisti.

Qorvo anunció un acuerdo para fusionarse con Skyworks, alineando tecnologías complementarias de semiconductores y modelos de venta. El mensaje para los representantes de ventas enfatiza la continuidad y el enfoque en el cliente durante la transición.

Las empresas operarán por separado hasta el cierre, que se espera en principios de 2027, sujeto a las aprobaciones regulatorias requeridas, a la aprobación por parte de los accionistas de Qorvo y Skyworks y a condiciones de cierre habituales. Los contratos actuales de los representantes, las comisiones y los territorios permanecerán sin cambios durante el periodo interino. Skyworks tiene la intención de presentar un Formulario S-4 que incluirá una declaración conjunta de proxy/prospecto para los accionistas.

QorvoSkyworks와의 합병을 발표하여 보완적인 반도체 기술과 판매 모델을 정렬했습니다. 판매 대표자들에게 보내는 메시지는 전환 기간 동안 연속성과 고객 중심에 중점을 둡니다.

그 기업들은 마감 시점까지는 별도 운용되며, 2027년 초로 예상되는 마감일은 필요한 규제 승인, Qorvo와 Skyworks 주주들의 승인 및 일반적인 종결 조건에 따릅니다. 현행 대리점 계약, 커미션 및 영업 영역은 그 사이에 변경되지 않습니다. Skyworks는 주주를 위한 공동 프록시 통지/청약서를 포함하는 양식 S-4를 제출할 예정입니다.

Qorvo a annoncé un accord visant à se fusionner avec Skyworks, en alignant des technologies de semiconducteurs complémentaires et des modèles de vente. Le message destiné aux représentants commerciaux met l'accent sur la continuité et l'orientation client pendant la transition.

Les entreprises fonctionneront séparément jusqu'à la clôture, qui devrait avoir lieu début 2027, sous réserve des approbations réglementaires requises, de l'approbation par les actionnaires de Qorvo et Skyworks et des conditions de clôture habituelles. Les contrats actuels des représentants, les commissions et les territoires resteront inchangés pendant la période transitoire. Skyworks prévoit de déposer un formulaire S-4 qui comprendra une déclaration conjointe de procuration/prospectus pour les actionnaires.

Qorvo hat eine Vereinbarung zur Vereinigung mit Skyworks angekündigt, um komplementäre Halbleitertechnologien und Vertriebsmodelle abzustimmen. Die Botschaft an die Vertriebsmitarbeiter betont Kontinuität und Kundenzentrierung während des Übergangs.

Die Unternehmen werden bis zum Abschluss separat operieren, der voraussichtlich Anfang 2027 erfolgt, vorbehaltlich der erforderlichen behördlichen Genehmigungen, der Zustimmung von Qorvo- und Skyworks-Aktionären und üblicher Abschlussbedingungen. Die aktuellen Vertreterverträge, Provisionen und Territorien bleiben vorläufig unverändert. Skyworks beabsichtigt, ein Form S-4 einzureichen, das eine gemeinsame Proxy-Erklärung/Prospekt für Aktionäre enthalten wird.

Qorvo أعلنت عن اتفاقية للاندماج مع Skyworks، مما يوحّد تقنيات أشباه الموصلات التكاملية ونماذج المبيعات المتكاملة. الرسالة الموجهة لممثلي المبيعات تؤكد الاستمرارية والتركيز على العميل خلال الانتقال.

ستعمل الشركتان بشكل منفصل حتى الإغلاق، المتوقع في بداية 2027، رهناً بالموافقات التنظيمية المطلوبة، وموافقة مساهمي Qorvo وSkyworks، وبشروط الإغلاق المعتادة. عقود الممثلين الحالية والعمولات والمناطق ستظل دون تغيير في الفترة الانتقالية. تعتزم Skyworks تقديم نموذج S-4 الذي سيتضمن بيان وكالة/ نشرة اكتتاب مشتركة للمساهمين.

Qorvo宣布将与Skyworks合并,结合互补的半导体技术和销售模式。致销售代表的信息强调在过渡期间的连续性和以客户为中心。

在完成前,两家公司将分别运营,预计于2027年初完成,需经必要的监管批准、Qorvo和Skyworks股东的批准以及通常的成交条件。当前代理商合同、佣金和区域在此期间保持不变。Skyworks计划提交一份S-4表格,其中将包括一份面向股东的联合代理声明/招股书。

 

Filed by Qorvo, Inc.

(Commission File No.: 001-36801)

Pursuant to Rule 425 of the Securities Act of 1933

Deemed filed pursuant to 14a-12

under the Securities Exchange Act of 1934

 

Subject Company: Qorvo, Inc.

(Commission File No.: 001-36801)

 

October 28, 2025

 

Sales Rep Letter from Qorvo

 

October 28, 2025

 

Subject: Skyworks and Qorvo Announce Transaction

 

Dear Valued Qorvo Sales Rep,

 

Today, we announced an agreement to combine with Skyworks, a global leader in connectivity, high-performance analog and mixed-signal semiconductor solutions. You can read our joint press release here https://www.qorvo.com/newsroom/news/2025/skyworks-and-qorvo-to-combine-to-create-22-billion-us-based-leader.

 

This combination brings together complementary technologies, talented engineering teams and a shared commitment to innovation, quality and customer success — creating an even stronger company that will better serve our shared customers.

 

A Shared Commitment to the Rep Model

Both Qorvo and Skyworks partner with outstanding sales representatives whose relationships, local expertise and market insights are critical to their success.

 

We fully expect that the combined company will continue to rely on rep coverage as a key part of our go-to-market strategy across diversified markets. We will count on your ongoing engagement to help maintain customer confidence and momentum during this transition. Reps who continue to drive design activity, customer engagement and growth will be well positioned for success with the combined company.

 

Business as Usual

Our day-to-day operations and engagement with you remain unchanged. Qorvo and Skyworks will continue to operate as separate and independent companies until the transaction closes, which is expected in early 2027, subject to the receipt of required regulatory approvals, approval of Qorvo and Skyworks shareholders and customary closing conditions.

 

Your current contracts, commissions and territories remain the same during this period. Please continue doing what you do best – serving customers, driving new opportunities and supporting growth alongside the Qorvo team.

 

 

 

Stay Engaged and Customer-Focused

Our shared customers may have questions about this announcement. It’s important that we remain consistent, confident and aligned in our communications. Please use approved customer messaging and reassure customers that it’s business as usual.

 

Continue driving design-win activity and new business momentum. Stay proactive, visible and focused on delivering customer success.

 

We appreciate the trust, performance and professionalism that you bring to our partnership. As a combined company, we will continue to depend on our people and partners to drive innovation and growth.

 

Thank you for your continued commitment. We look forward to achieving even greater success together.

 

Sincerely,

 

[***]

 

Important Information About the Proposed Transaction and Where to Find It

 

In connection with the Mergers, Skyworks intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the shares of Skyworks’s common stock to be issued in the Mergers and a joint proxy statement for Skyworks’s and Qorvo’s respective stockholders (the “Joint Proxy Statement/Prospectus”).  The definitive joint proxy statement (if and when available) will be mailed to stockholders of Skyworks and Qorvo.  Each of Skyworks and Qorvo may also file with or furnish to the SEC other relevant documents regarding the Mergers.  This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Skyworks or Qorvo may mail to their respective stockholders in connection with the Mergers.

 

INVESTORS AND SECURITY HOLDERS OF SKYWORKS AND QORVO ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.

 

The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’s website at https://www.skyworksinc.com/investors or upon written request to Skyworks at investor.relations@skyworksinc.com. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at investor-relations@qorvo.com. These documents filed with the SEC are also available for free to the public at the website maintained by the SEC at www.sec.gov.

 

 

 

Participants in the Solicitation

 

Skyworks, Qorvo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Skyworks and Qorvo in connection with the Mergers under the rules of the SEC.

 

Information about the interests of the directors and executive officers of Skyworks and Qorvo and other persons who may be deemed to be participants in the solicitation of stockholders of Skyworks and Qorvo in connection with the Mergers and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.

 

Information about Skyworks’s directors and executive officers and their ownership of Skyworks’s common stock is set forth in Skyworks’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 28, 2025. To the extent that holdings of Skyworks’s securities have changed since the amounts printed in Skyworks’s proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

 

Information about Qorvo’s directors and executive officers and their ownership of Qorvo’s common stock is set forth in Qorvo’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on June 26, 2025. To the extent that holdings of Qorvo’s securities have changed since the amounts printed in Qorvo’s proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

 

Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.

 

No Offer or Solicitation

 

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

 

 

 

Cautionary Statement Regarding Forward-Looking Statements

 

This document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Skyworks’s and Qorvo’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Skyworks and Qorvo, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, including obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, expansion and growth of Qorvo’s and Skyworks’s businesses and other conditions to the completion of the proposed transaction; (ii) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the transaction or integrating the businesses of Skyworks and Qorvo; (iii) Skyworks’s and Qorvo’s ability to implement their business strategies; (iv) pricing trends; (v) potential litigation relating to the proposed transaction that could be instituted against Skyworks, Qorvo or their respective directors; (vi) the risk that disruptions from the proposed transaction will harm Skyworks’s or Qorvo’s business, including current plans and operations; (vii) the ability of Skyworks or Qorvo to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the proposed transaction; (ix) uncertainty as to the long-term value of Skyworks’s common stock; (x) legislative, regulatory and economic developments affecting Skyworks’s and Qorvo’s businesses; (xi) general economic and market developments and conditions; (xii) the evolving legal, regulatory and tax regimes under which Skyworks and Qorvo operate; (xiii) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Skyworks’s or Qorvo’s financial performance; (xiv) restrictions during the pendency of the proposed transaction that may impact Skyworks’s or Qorvo’s ability to pursue certain business opportunities or strategic transactions; (xv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Skyworks’s and Qorvo’s response to any of the aforementioned factors; and (xvi) failure to receive the approval of the stockholders of Skyworks and Qorvo. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus to be filed with the U.S. Securities and Exchange Commission in connection with the proposed transaction. While the list of factors presented here is, and the list of factors presented in the proxy statement/prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Skyworks’s or Qorvo’s consolidated financial condition, results of operations or liquidity. Neither Skyworks nor Qorvo assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

 

 

Qorvo Inc

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