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291 Profit Pressure Spurs Chip Deals

The Information
Valida Pau @ The Information · today 15:41 EDT

Profit Pressure Spurs Chip Deals

Giant tech companies are wreaking havoc on chipmakers, outcompeting them or shifting to new suppliers, and that’s spurring a dealmaking spree in the industry. We broke news last night about the largest chip deal of the year, Skyworks Solutions buying rival chipmaker Qorvo for $10.6 billion. Both companies, which make radio frequency chips for mobile phones, have been hit by a decline in their sales to Apple. Over the weekend, we scooped the news that AI chipmaker SambaNova is working with an investment bank

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