Skyworks Solutions Inc (NASDAQ:SWKS), a major supplier of radio frequency chips for Apple and other smartphone makers, has held recent talks to acquire competitor Qorvo, according to The Information.
Qorvo, valued at about $8.5 billion, closed at $92.13 on Monday, while Skyworks is worth roughly $11.3 billion and employs more than 10,000 people.
Neither company commented on the report.
Skyworks has benefited from steady demand for its analogue chips, while Qorvo has faced pressure from activist investor Starboard Value, which recently added two new independent directors to its board to help lift its underperforming share price.