Form 8-K
8-K — SKYWORKS SOLUTIONS, INC.
Accession: 0001104659-26-073096
Filed: 2026-06-12
Period: 2026-06-11
CIK: 0000004127
SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — tm2613769d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2613769d1_ex99-1.htm)
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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 2026
Skyworks
Solutions, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
001-05560
04-2302115
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification
No.)
5260
California Avenue
Irvine,
CA 92617
(Address
of principal executive office) (Zip Code)
(949)
231-3000
(Registrant’s
telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
x Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title
of each class
Trading
Symbol(s)
Name of
each exchange
on which registered
Common
Stock, Par Value $0.25 per share
SWKS
Nasdaq
Global Select Market
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 8.01
Other Events.
Exchange Offers and Consent Solicitations
As previously disclosed in the Current Report on
Form 8-K filed by Skyworks Solutions, Inc. (“Skyworks”) with the Securities and Exchange Commission on May 20,
2026 (the “Prior 8-K”), Skyworks announced the commencement of the offers to exchange any and all of the outstanding 4.375%
Senior Notes due 2029 (the “2029 Qorvo Notes”) issued by Qorvo, Inc. (“Qorvo”) and any and all of the outstanding
3.375% Senior Notes due 2031 (together with the 2029 Qorvo Notes, the “Qorvo Notes”) issued by Qorvo, and the related consent
solicitations for proposed amendments to the applicable indenture governing each series of Qorvo Notes, each as more fully described in
the Prior 8-K.
On June 11, 2026, Skyworks issued a press
release (the “Press Release”) announcing the results of early participation in the Exchange Offers and Consent Solicitations
(as defined in the Press Release). A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated into this Item
8.01 by reference.
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.
Safe Harbor Statement
This communication includes “forward-looking
statements.” Forward-looking statements relate to future events, including, but not limited to, the Exchange Offers, the Consent
Solicitations and the Mergers (each, as defined in the Prior 8-K), as applicable. These forward-looking statements include information
relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, including with
respect to future sales and revenue, as well as plans for dividend payments). Forward-looking statements can often be identified by words
such as “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “believes,”
“plans,” “may,” “will” or “continue,” and similar expressions and variations or negatives
of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results
to differ materially and adversely from those projected and may affect Skyworks’ future operating results, financial position and
cash flows.
These risks, uncertainties and other important factors include: the
risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory tariffs and
other countermeasures or taxes), increased import/export restrictions and controls (e.g., Skyworks’ ability to obtain foreign-sourced
raw materials, including from Chinese-based sources, as well as Skyworks’ ability to sell products to certain specified foreign
entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor industry
and the markets addressed by Skyworks’, and Skyworks’ customers’, products to economic cycles or changes in economic
conditions, including inflation and recession that could result from trade war or trade protection measures; Skyworks’ reliance
on a small number of key customers for a large percentage of Skyworks’ sales; decreased gross margins and loss of market share as
a result of increased competition; Skyworks’ ability to obtain design wins from customers; Skyworks’ ability to convert design
wins into revenue; market acceptance of Skyworks’ products and Skyworks’ customers’ products, including market acceptance
of new, emerging technologies such as AI; the mix and volume of phone models sold by Skyworks’ largest customer; the potential impacts
on Skyworks’ business, reputation, relationships, results of operations, cash flows and financial condition as a result of the proposed
merger transactions with Qorvo; the possibility that expected benefits related to such transactions with Qorvo may not materialize as
expected; such transactions with Qorvo being timely completed, if completed at all; regulatory approvals required for the transaction
not being timely obtained, if obtained at all, or being obtained subject to conditions; Skyworks or Qorvo’s business experiencing
disruptions as a result of the acquisition or due to transaction-related uncertainty or other factors making it more difficult to maintain
relationships with employees, customers, other business partners or governmental entities; Skyworks and Qorvo being unable to successfully
implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all;
the costs, fees, expenses and other charges related to the Mergers, including with respect to any related litigation; reduced flexibility
in operating Skyworks’ business as a result of the indebtedness incurred in connection with the transaction with Silicon Laboratories
Inc. and the substantial amount of additional indebtedness Skyworks expects to incur in connection with the Qorvo transactions; delays
in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices; the volatility of Skyworks’ stock price;
changes in laws, regulations and/or policies that could adversely affect Skyworks’ operations and financial results, the economy
and Skyworks’ customers’ demand for Skyworks’ products, or the financial markets and Skyworks’ ability to raise
capital; fluctuations in Skyworks’ manufacturing yields due to Skyworks’ complex and specialized manufacturing processes;
Skyworks’ ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner,
transition Skyworks’ products to smaller geometry process technologies and achieve higher levels of design integration; the quality
of Skyworks’ products and any defect remediation costs; Skyworks’ products’ ability to perform under stringent operating
conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare
earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on Skyworks’ customers’
ability to obtain such services and materials; risks that Skyworks may not be able to optimize Skyworks’ manufacturing footprint
and achieve any financial and operational benefits from such efforts, including reducing fixed costs or improving utilization rates, disruptions
to Skyworks’ manufacturing processes, including relating to any relocation of Skyworks’ key facilities; Skyworks’ ability
to successfully manage Skyworks’ senior management transitions; Skyworks’ ability to retain, recruit and hire key executives
or the departure of any such executives, technical personnel and other employees in the positions and numbers, with the experience and
capabilities, and at the compensation levels needed to implement Skyworks’ business and product plans; the timing, rescheduling
or cancellation of significant customer orders and Skyworks’ ability, as well as the ability of Skyworks’ customers, to manage
inventory; other economic, social, military and geopolitical conditions in the countries in which Skyworks, Skyworks’ customers
or Skyworks’ suppliers operate, including the conflicts in Ukraine, Iran and other regions in the Middle East, possible disruptions
in transportation networks, and fluctuations in foreign currency exchange rates; the effects of global health crises on business conditions
in Skyworks’ industry, including the risk of significant disruptions to Skyworks’ business operations, as well as negative
impacts to Skyworks’ financial condition; Skyworks’ ability to prevent theft of Skyworks’ intellectual property, disclosure
of confidential information or breaches of Skyworks’ information technology systems; uncertainties of litigation, including potential
disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights;
Skyworks’ ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties;
Skyworks’ ability to make certain investments and acquisitions, integrate companies Skyworks acquires and/or enter into strategic
alliances; and other risks and uncertainties, including those detailed from time to time in Skyworks’ filings with the Securities
and Exchange Commission.
The forward-looking statements contained in this
communication are made only as of the date hereof, and Skyworks undertakes no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Important Information About the Mergers and Where to Find It
In connection with the Mergers, Skyworks has filed
with the SEC a registration statement on Form S-4, which includes a proxy statement of Qorvo that also constitutes a prospectus for
the shares of Skyworks common stock to be offered in the Mergers (collectively, the “Mergers Registration Statement and Proxy Statement/Prospectus”).
Each of Skyworks and Qorvo may also file other relevant documents with the SEC regarding the Mergers. This communication is not a substitute
for the proxy statement/prospectus or registration statement or any other document that Skyworks or Qorvo may file with the SEC. INVESTORS
AND SECURITY HOLDERS ARE URGED TO READ THE MERGERS REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.
Investors and security holders can obtain free copies of the registration statement and proxy statement/prospectus and other documents
containing important information about Skyworks, Qorvo and the Mergers filed with the SEC through the website maintained by the SEC at
www.sec.gov. The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ 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.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number
Description
99.1
Registrant’s Press Release, dated June 11, 2026
104
Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
June 11, 2026
Skyworks Solutions, Inc.
By:
/s/ Philip Carter
Name: Philip Carter
Title: Senior Vice President and Chief Financial Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2613769d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Media Relations:
Constance Griffiths
(949) 230-4867
Constance.Griffiths@skyworksinc.com
Investor
Relations:
Raji Gill
(949) 508-0973
Raji.Gill@skyworksinc.com
Skyworks Announces Results of Early Participation
in Exchange Offers and Consent Solicitations for Qorvo’s Senior Notes due 2029 and 2031
IRVINE, Calif., June 11, 2026 –
Skyworks Solutions, Inc. (Nasdaq: SWKS) (“Skyworks”), a leading developer, manufacturer and provider of analog and mixed-signal
semiconductors and solutions for numerous applications, today announced that, in connection with its previously announced offers to holders
of Qorvo Notes (as defined herein) to exchange (the “Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029
(the “2029 Qorvo Notes”) and any and all outstanding 3.375% Senior Notes due 2031 (the “2031 Qorvo Notes” and,
together with the 2029 Qorvo Notes, the “Qorvo Notes”) issued by Qorvo, Inc. (“Qorvo”) as set forth in the
table below for, (1) with respect to the 2029 Qorvo Notes, up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes
due 2029 (the “New 2029 Skyworks Notes”) issued by Skyworks and (2) with respect to the 2031 Qorvo Notes, up to $700,000,000
aggregate principal amount of new 3.375% Senior Notes due 2031 (together with the New 2029 Skyworks Notes, the “New Skyworks Notes”)
issued by Skyworks, and related consent solicitations by Skyworks, on behalf of Qorvo (the “Consent Solicitations”), to adopt
certain proposed amendments to each indenture governing the applicable series of Qorvo Notes to, among other things, eliminate substantially
all of the restrictive covenants, certain affirmative covenants and certain events of default (the “Proposed Amendments”),
in exchange for the applicable Consent Payment (as defined herein), as of 5:00 p.m., New York City time, on June 11, 2026 (the “Early
Participation Date” and the “Consent Revocation Deadline”), according to Global Bondholder Services Corporation, the
information agent for the Exchange Offers and Consent Solicitations, the following respective principal amounts of each series of Qorvo
Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):
Qorvo Notes Tendered at the Early
Participation Date and Consent
Revocation Deadline
Title of Qorvo Notes /
CUSIP / ISIN No.
Principal Amount
Outstanding
Principal Amount
Percentage
4.375% Senior Notes due 2029
$ 850,000,000
$ 760,095,000
89.42 %
Registered:
74736KAH4/
US74736KAH41
144A:
74736KAG6 /
US74736KAG67
Regulation S:
U7471QAF1 /
USU7471QAF10
3.375% Senior Notes due 2031
$ 700,000,000
$ 651,334,000
93.05 %
144A:
74736KAJ0 /
US74736KAJ07
Regulation S:
U7471QAJ3 /
USU7471QAJ32
As of the Consent Revocation Deadline, Skyworks,
on behalf of Qorvo, has received the requisite consents to adopt the Proposed Amendments to each series of Qorvo Notes. On June 11,
2026, Qorvo entered into two supplemental indentures, one with respect to each series of Qorvo Notes, with the subsidiary guarantors party
thereto and the trustee for the Qorvo Notes (the “Supplemental Indentures”) to effect the Proposed Amendments, which, among
other changes, eliminate substantially all of the restrictive covenants, certain affirmative covenants and certain events of default.
Upon their respective executions, each Supplemental Indenture became effective and constitutes a binding agreement between Qorvo, the
subsidiary guarantors party thereto and the trustee for the Qorvo Notes. However, the Proposed Amendments with respect to each series
of Qorvo Notes will not become operative until (i) immediately prior to the closing of the transactions pursuant to which Qorvo will
merge with and into a subsidiary of Skyworks (the “Mergers”), with such subsidiary continuing as the surviving entity and
a wholly-owned subsidiary of Skyworks or (ii) immediately upon the settlement of the Exchange Offer and Consent Solicitation with
respect to such series, depending on the specific amendment, and will cease to be operative if the Mergers are not consummated.
As a result of the consents validly tendered and
not validly withdrawn by the Consent Revocation Deadline, the consent payment for the 2029 Qorvo Notes will be approximately $2.80 per
$1,000 in principal amount of such notes validly tendered and not validly withdrawn at or prior to the Consent Revocation Deadline. As
a result of the consents validly tendered and not validly withdrawn by the Consent Revocation Deadline, the consent payment for the 2031
Qorvo Notes will be approximately $2.69 per $1,000 in principal amount of such notes validly tendered and not validly withdrawn at or
prior to the Consent Revocation Deadline (the foregoing, with respect to each series, the applicable “Consent Payment”).
2
Revocation rights for the Consent Solicitations
expired at 5:00 p.m., New York City time, on the Consent Revocation Deadline. Withdrawal rights for the Exchange Offers expire as of the
Expiration Date (as defined herein). Holders of either series of Qorvo Notes who did not validly tender (or who validly tendered but withdrew)
such Qorvo Notes at or prior to the 5:00 p.m., New York City time, deadline on the Consent Revocation Deadline will not be eligible to
receive the applicable Consent Payment.
For each $1,000 principal amount of the applicable
series of Qorvo Notes validly tendered and not validly withdrawn at or prior to the Early Participation Date and accepted for exchange,
holders of such series of Qorvo Notes will be eligible to receive, in addition to $950.00 principal amount of the corresponding series
of New Skyworks Notes (the “Exchange Consideration”), an early participation premium, payable in principal amount of the applicable
series of New Skyworks Notes, equal to $50.00 (the “Early Participation Premium”); provided that such Qorvo Notes held by
the applicable holder have been validly tendered and not validly withdrawn at or prior to the applicable Early Participation Date and
either (A) such holder has not validly withdrawn such Qorvo Notes at or prior to the applicable Expiration Date or (B) if such
Qorvo Notes held by such holder have been validly withdrawn at or prior to the applicable Expiration Date, such holder, prior to such
Expiration Date shall have (i) validly re-tendered, and not validly withdrawn, such Qorvo Notes and (ii) submitted the Early
Participation VOI Number (as defined in the Prospectus (as defined herein)) with respect to such tendered Qorvo Notes. Otherwise, for
each $1,000 principal amount of the applicable series of Qorvo Notes validly tendered and not validly withdrawn after the Early Participation
Date and at or prior to the applicable Expiration Date, holders of such series of Qorvo Notes will be eligible to receive only the Exchange
Consideration (and not the Early Participation Premium).
The Exchange Offers will expire at 5:00 p.m., New
York City time, on September 1, 2026, unless extended (as it may be extended, the “Expiration Date”). The settlement
date (the “Settlement Date”) will be promptly after the Expiration Date and is expected to occur no earlier than the second
business day after the closing date of the Mergers.
The Exchange Offers and Consent Solicitations are
being made pursuant to the terms and subject to the conditions set forth in Skyworks’ registration statement on Form S-4, which
was declared effective on May 29, 2026, and the related final prospectus filed with the U.S. Securities and Exchange Commission (the
“SEC”) on May 29, 2026 (as it may be amended or supplemented from time to time, the “Prospectus”). Each Exchange
Offer and Consent Solicitation is conditioned upon the closing of the Mergers, which condition may not be waived by Skyworks. The closing
of the Mergers is not conditioned upon the results of the Exchange Offers and Consent Solicitations.
Skyworks, in its sole discretion, may modify or
terminate either Exchange Offer and may extend the Expiration Date and/or the Settlement Date with respect to either Exchange Offer, subject
to applicable law. Any such modification, termination or extension by Skyworks with respect to an Exchange Offer will not automatically
modify, terminate or extend the other Exchange Offer. The Exchange Offer and Consent Solicitation with respect to a series of Qorvo Notes
is not conditioned upon the consummation of the Exchange Offer or Consent Solicitation with respect to the other series of Qorvo Notes.
3
The complete terms and conditions of the Exchange
Offers and Consent Solicitations are described in the Prospectus, a copy of which may be obtained by contacting Global Bondholder Services
Corporation, the exchange agent and information agent in connection with the Exchange Offers and Consent Solicitations, at (855) 654-2015
(U.S. toll-free) or (212) 430-3774 (banks and brokers) or contact@gbsc-usa.com. Questions regarding the terms and conditions of the Exchange
Offers and Consent Solicitations should be directed to the dealer manager, Goldman Sachs & Co. LLC, 200 West Street, New York,
New York 10282, Collect: (212) 357-1452, Toll-Free: (800) 828-3182.
This press release does not constitute an offer
to sell or purchase, or a solicitation of an offer to purchase or sell, or the solicitation of tenders or consents with respect to, any
security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would
be unlawful. The Exchange Offers and Consent Solicitations are being made solely pursuant to the Prospectus and only to such persons and
in such jurisdictions as is permitted under applicable law.
About Skyworks
Skyworks Solutions, Inc. is empowering the
wireless networking revolution. Skyworks is a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and
solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment
and gaming, industrial, medical, smartphone, tablet and wearables.
Skyworks is a global company with engineering,
marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500®
market index (Nasdaq: SWKS).
Safe Harbor Statement
This press release includes “forward-looking
statements.” Forward-looking statements relate to future events, including, but not limited to, the Exchange Offers, the Consent
Solicitations and the Mergers, as applicable. These forward-looking statements include information relating to future events, prospects,
expectations and results of Skyworks (e.g., certain projections and business trends, including with respect to future sales and revenue,
as well as plans for dividend payments). Forward-looking statements can often be identified by words such as “anticipates,”
“estimates,” “expects,” “forecasts,” “intends,” “believes,” “plans,”
“may,” “will” or “continue,” and similar expressions and variations or negatives of these words. All
such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially
and adversely from those projected and may affect Skyworks’ future operating results, financial position and cash flows.
4
These risks, uncertainties and other important
factors include: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory
tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., Skyworks’ ability to obtain
foreign-sourced raw materials, including from Chinese-based sources, as well as Skyworks’ ability to sell products to certain specified
foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor
industry and the markets addressed by Skyworks’, and Skyworks’ customers’, products to economic cycles or changes in
economic conditions, including inflation and recession that could result from trade war or trade protection measures; Skyworks’
reliance on a small number of key customers for a large percentage of Skyworks’ sales; decreased gross margins and loss of market
share as a result of increased competition; Skyworks’ ability to obtain design wins from customers; Skyworks’ ability to convert
design wins into revenue; market acceptance of Skyworks’ products and Skyworks’ customers’ products, including market
acceptance of new, emerging technologies such as AI; the mix and volume of phone models sold by Skyworks’ largest customer; the
potential impacts on Skyworks’ business, reputation, relationships, results of operations, cash flows and financial condition as
a result of the Mergers and related transactions with Qorvo; the possibility that expected benefits related to such transactions with
Qorvo may not materialize as expected; such transactions with Qorvo being timely completed, if completed at all; regulatory approvals
required for the Mergers and related transactions not being timely obtained, if obtained at all, or being obtained subject to conditions;
Skyworks or Qorvo’s business experiencing disruptions as a result of the Mergers and related transactions or due to transaction-related
uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or
governmental entities; Skyworks and Qorvo being unable to successfully implement integration strategies or to achieve expected synergies
and operating efficiencies within the expected time-frames or at all; the costs, fees, expenses and other charges related to the Mergers
and related transactions with Qorvo, including with respect to any related litigation; reduced flexibility in operating Skyworks’
business as a result of the substantial amount of additional indebtedness Skyworks expects to incur in connection with the Mergers and
related transactions; delays in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices; the volatility
of Skyworks’ stock price; changes in laws, regulations and/or policies that could adversely affect Skyworks’ operations and
financial results, the economy and Skyworks’ customers’ demand for Skyworks’ products, or the financial markets and
Skyworks’ ability to raise capital; fluctuations in Skyworks’ manufacturing yields due to Skyworks’ complex and specialized
manufacturing processes; Skyworks’ ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce
costs in a timely manner, transition Skyworks’ products to smaller geometry process technologies and achieve higher levels of design
integration; the quality of Skyworks’ products and any defect remediation costs; Skyworks’ products’ ability to perform
under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw
materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits
on Skyworks’ customers’ ability to obtain such services and materials; risks that Skyworks may not be able to optimize Skyworks’
manufacturing footprint and achieve any financial and operational benefits from such efforts, including reducing fixed costs or improving
utilization rates, disruptions to Skyworks’ manufacturing processes, including relating to any relocation of Skyworks’ key
facilities; Skyworks’ ability to successfully manage Skyworks’ senior management transitions; Skyworks’ ability to retain,
recruit and hire key executives or the departure of any such executives, technical personnel and other employees in the positions and
numbers, with the experience and capabilities, and at the compensation levels needed to implement Skyworks’ business and product
plans; the timing, rescheduling or cancellation of significant customer orders and Skyworks’ ability, as well as the ability of
Skyworks’ customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries in which
Skyworks, Skyworks’ customers or Skyworks’ suppliers operate, including the conflicts in Ukraine, Iran and other regions
in the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; the effects
of global health crises on business conditions in Skyworks’ industry, including the risk of significant disruptions to Skyworks’
business operations, as well as negative impacts to Skyworks’ financial condition; Skyworks’ ability to prevent theft of Skyworks’
intellectual property, disclosure of confidential information or breaches of Skyworks’ information technology systems; uncertainties
of litigation, including Skyworks’ ongoing securities litigation, potential disputes over intellectual property infringement and
rights, as well as payments related to the licensing and/or sale of such rights; Skyworks’ ability to continue to grow and maintain
an intellectual property portfolio and obtain needed licenses from third parties; Skyworks’ ability to make certain investments
and acquisitions, integrate companies Skyworks acquires and/or enter into strategic alliances; and other risks and uncertainties, including
those detailed from time to time in Skyworks’ filings with the Securities and Exchange Commission.
5
The forward-looking statements contained in this
press release are made only as of the date hereof, and Skyworks undertakes no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Note to Editors: Skyworks and the Skyworks symbol
are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries.
Third-party brands and names are for identification purposes only and are the property of their respective owners.
Additional Information about the Mergers and
Where to Find It
In connection with the Mergers, Skyworks has filed
with the SEC a registration statement on Form S-4, which includes a proxy statement of Qorvo that also constitutes a prospectus for
the shares of Skyworks common stock to be offered in the Mergers (collectively, the “Mergers Registration Statement and Proxy Statement/Prospectus”).
Each of Skyworks and Qorvo may also file other relevant documents with the SEC regarding the Mergers. This communication is not a substitute
for the proxy statement/prospectus or registration statement or any other document that Skyworks or Qorvo may file with the SEC. INVESTORS
AND SECURITY HOLDERS ARE URGED TO READ THE MERGERS REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.
Investors and security holders can obtain free copies of the Mergers Registration Statement and Proxy Statement/Prospectus and other documents
containing important information about Skyworks, Qorvo and the Mergers filed with the SEC through the website maintained by the SEC at
www.sec.gov. The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ 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.
Investor Contacts
Raji Gill
Investor Relations
(949) 508-0973
Raji.Gill@skyworksinc.com
6
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Jun. 11, 2026
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