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Qorvo, along with Skyworks, has received rating upgrades from Citi following their merger announcement, signaling a new phase of US semiconductor consolidation. The merger, valued at $22 billion, will create a significant US radio-frequency chip powerhouse, with both companies being key suppliers to Apple. The combined entity will be worth $22 billion, making it a major player in the chip industry. Meanwhile, an investigation is underway to ensure Qorvo's public shareholders receive a fair price for the merger.

Qorvo, a key Apple supplier, is set to merge with fellow Apple supplier Skyworks Solutions, creating a $22 billion radio-chip giant to mitigate potential losses from decreasing Apple orders. This merger, which has sent both companies' stocks soaring, will combine their strengths in radio frequency and power amplifier technologies. The deal, valued at around $22 billion, is expected to create a formidable player in the wireless communications market.

SK Hynix reported record-breaking Q2 profits driven by surging AI chip demand, particularly for GDDR7 and HBM4 memory. The company plans to boost investments in AI chip production, aiming to double high-end AI chip sales. Despite Samsung's HBM4 delay, SK Hynix strengthens its lead in AI memory.