Phil Brace, the recently named CEO of chipmaker Skyworks Solutions, says customer reaction to his company’s planned acquisition of smaller Qorvo Inc. has been “fantastic” while investor sentiment is “very positive.”
Brace, speaking to the Business Journal on the sidelines of the company’s first Tech Day, reiterated that Irvine-based Skyworks expects to close the deal in “the first part” of 2027 following regulatory approval.
Skyworks Solutions in late October said it agreed to purchase North Carolina-based Qorvo to form a $22 billion business aimed at staying competitive in an increasingly intense semiconductor world.
Shares in Skyworks Solutions rose less than 1% today to $62.79 apiece, for a market cap of $9.3 billion. Skyworks is the largest tech company headquartered in Orange County.
