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(Reuters) -Skyworks Solutions will buy smaller rival Qorvo, they said on Tuesday, forming a $22 billion combined company that supplies radio-frequency chips to Apple and other smartphone makers. The stock-and-cash deal, which will create one of the largest U.S. suppliers of radio-frequency chips, aims to tap into a recovery in smartphone demand following the post-pandemic downturn amid Apple's focus on in-house chips. Qorvo shareholders will receive $32.50 in cash and 0.960 of Skyworks stock for each share held. The total offer price of $105.31 represents a 14.3% premium to Qorvo's Monday close, valuing the company at $9.76 billion. Shares of both companies rose about 12% in trading before the bell. Skyworks designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. The firm had in August forecast fourth-quarter revenue and profit above Wall Street expectations, benefiting from steady demand for its analog chips. Apple's efforts to develop its own radio chips, first unveiled in the iPhone 16e earlier this year, could eventually reduce its dependence on suppliers such as Skyworks and Qorvo, weighing on their long-term sales prospects. The merger of the two leading U.S. makers of radio-frequency chips used in smartphones could also attract tough antitrust scrutiny. The companies expect the deal to close in early 2027. ACTIVIST SHAREHOLDER INTEREST Skyworks CEO Phil Brace will serve as the CEO of the combined company while Qorvo chief Bob Bruggeworth will join the board. The companies have agreed not to solicit other acquisition proposals, according to regulatory filings. After the deal's completion, Skyworks investors will hold about 63% of the merged company, with Qorvo shareholders owning the remaining 37% on a fully diluted basis. The Information reported earlier in the day that the companies held talks regarding a potential merger in the past few months. In April, Qorvo appointed industry veterans Richard Clemmer and Christopher Koopmans as independent directors to its board, amid activist investor Starboard Value's push to boost the company's weak share price. Starboard had increased its stake in the firm to about 8.9%. The activist investor did not immediately respond to a request for comment on the deal. (Reporting by Disha Mishra and Akash Sriram in Bengaluru; Editing by Nivedita Bhattacharjee, Mrigank Dhaniwala and Sriraj Kalluvila)

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(Reuters) -Gorilla Glass maker Corning on Tuesday forecast fourth-quarter sales above analysts' estimates, but revenue from its largest business unit that makes fiber optic products fell short of expectations. Shares of the Apple supplier fell more than 7% in premarket trading after the results, though the stock is still up about 88% so far this year. The company's optical communications division, which accounts for nearly 40% of total revenue, recorded net sales of $1.65 billion for the third quarter, below analysts' average estimate of $1.73 billion, according to LSEG data. U.S. optical fiber companies Corning, OFS-Felite and Drake Communications have been pressured by slower network investment in China, where authorities in September imposed a 37.9% anti-dumping tariff on imports of Corning's optical fiber products and other cable providers. The tariff move added to U.S.–China trade tensions, further complicating operations for American technology and manufacturing companies exposed to Chinese demand. The results come even as Corning deepens its partnership with Apple, which in September said all cover glass for iPhones and Apple Watches will now be made in Kentucky using Corning's proprietary glass technology. Its core sales in the quarter rose 14% to $4.27 billion, compared with estimates of $4.23 billion, according to data compiled by LSEG. Corning said it expects fourth-quarter core sales to be around $4.35 billion, compared with the average estimate of $4.26 billion. The company forecast quarterly core earnings per share between 68 cents and 72 cents, compared with estimates of 67 cents. (Reporting by Kritika Lamba in Bengaluru; Editing by Saumyadeb Chakrabarty)

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(Reuters) -Skyworks Solutions will buy smaller rival Qorvo, they said on Tuesday, forming a $22 billion combined company that supplies radio-frequency chips to Apple and other smartphone makers. The stock-and-cash deal, which will create one of the largest U.S. suppliers of radio-frequency chips, aims to tap into a recovery in smartphone demand following the post-pandemic downturn amid Apple's focus on in-house chips. Qorvo shareholders will receive $32.50 in cash and 0.960 of Skyworks stock for each share held. The total offer price of $105.31 represents a 14.3% premium to Qorvo's Monday close, valuing the company at $9.76 billion. Shares of both companies rose about 12% in trading before the bell. Skyworks designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. The firm had in August forecast fourth-quarter revenue and profit above Wall Street expectations, benefiting from steady demand for its analog chips. Apple's efforts to develop its own radio chips, first unveiled in the iPhone 16e earlier this year, could eventually reduce its dependence on suppliers such as Skyworks and Qorvo, weighing on their long-term sales prospects. The merger of the two leading U.S. makers of radio-frequency chips used in smartphones could also attract tough antitrust scrutiny. The companies expect the deal to close in early 2027. ACTIVIST SHAREHOLDER INTEREST Skyworks CEO Phil Brace will serve as the CEO of the combined company while Qorvo chief Bob Bruggeworth will join the board. The companies have agreed not to solicit other acquisition proposals, according to regulatory filings. After the deal's completion, Skyworks investors will hold about 63% of the merged company, with Qorvo shareholders owning the remaining 37% on a fully diluted basis. The Information reported earlier in the day that the companies held talks regarding a potential merger in the past few months. In April, Qorvo appointed industry veterans Richard Clemmer and Christopher Koopmans as independent directors to its board, amid activist investor Starboard Value's push to boost the company's weak share price. Starboard had increased its stake in the firm to about 8.9%. The activist investor did not immediately respond to a request for comment on the deal. (Reporting by Disha Mishra and Akash Sriram in Bengaluru; Editing by Nivedita Bhattacharjee, Mrigank Dhaniwala and Sriraj Kalluvila)

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RIYADH (Reuters) -Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an "AI bubble," adding that there is real value in artificial intelligence as demand far outpaces supply. He was speaking at a panel the annual Future Investment Initiative (FII) summit in Riyadh. (Reporting by Federico Maccioni and Yousef Saba, Writing by Nayera Abdallah, Editing by Michael Georgy)

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(Reuters) -Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, will merge with rival Qorvo, the companies said on Tuesday, forming a combined company valued at about $22 billion. The stock-and-cash deal will create one of the largest U.S. suppliers of radio-frequency chips used in smartphones, cars and other connected devices. Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks share for each share held. Qorvo's shares, which have gained about 32% this year, surged about 11% in trading before the bell, while Skyworks' stock was down about 1%. Once the deal closes, Skyworks investors will hold about 63% of the merged company, with Qorvo shareholders owning the remaining 37% on a fully diluted basis. Skyworks designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. The firm had in August forecast fourth-quarter revenue and profit above Wall Street expectations, benefiting from steady demand for its analog chips. Apple's efforts to develop its own radio chips, first unveiled in the iPhone 16e earlier this year, could eventually reduce its dependence on suppliers such as Skyworks and Qorvo, weighing on their long-term sales prospects. However, analysts expect both companies to benefit from a recovery in smartphone demand following the post-pandemic downturn. In April, Qorvo appointed industry veterans Richard Clemmer and Christopher Koopmans as independent directors to its board, amid activist investor Starboard Value's push to boost the company's weak share price. Starboard had increased its stake in the firm to about 8.9%. The activist investor did not immediately respond to a request for comment on the deal A merger could also draw antitrust scrutiny, as it would combine two of the leading U.S. makers of radio-frequency chips used in smartphones. (Reporting by Disha Mishra and Akash Sriram in Bengaluru; Editing by Nivedita Bhattacharjee, Mrigank Dhaniwala and Sriraj Kalluvila)

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TOKYO (Reuters) -U.S. President Donald Trump said he would meet with Nvidia Chief Executive Jensen Huang on Wednesday. Trump made the comment Tuesday in an address to business leaders in Tokyo before traveling to South Korea. The U.S. AI chipmaker said last week that Huang plans to meet "global leaders and top Korean executives" when he attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea. (Reporting by Trevor Hunnicutt and Susan Heavey in Washington; Writing by Doina; Chiacu; Editing by Katharine Jackson)

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By Greg Bensinger SAN FRANCISCO (Reuters) -U.S. Senator Bernie Sanders on Tuesday called on Amazon.com founder Jeff Bezos to account for what the Vermont independent said were hundreds of thousands of potential lost jobs due to automation. "If Amazon succeeds on its massive automation plan, it will have a profound impact on blue-collar workers throughout America and will likely be used as a model by large corporations throughout America," Sanders wrote in a letter to Bezos, which was exclusively reviewed by Reuters. Sanders, who caucuses with the Democrats, was referring to a New York Times article published earlier this month that cited documents and interviews showing that Amazon executives believe 500,000 jobs could be cut over time by replacing warehouse workers with robots. Amazon employs 1.55 million people, the majority of whom are hourly workers. An Amazon spokesperson said the company had no immediate response to the letter. However, Amazon has said its automation goals are to assist workers and create new jobs. On Monday, Reuters reported Amazon planned to cut as many as 30,000 corporate jobs beginning Tuesday, as it pares expenses. It announced an initial cut of some 14,000 jobs tied in part to efficiency gains from its use of artificial intelligence software, according to a note posted to the company's website. In the letter, Sanders asked Bezos whether Amazon planned to provide laid-off workers with sufficient severance payments and some continuation of their health-care coverage. He also noted that Amazon workers have received federal subsidies for food, housing and health care and the company has received “billions of dollars” in federal contracts. “What are Amazon’s plans to provide help and support for the many hundreds of thousands of workers you’ll be replacing with robots and AI?” said Sanders, referring to artificial intelligence software. Bezos is now executive chairman and no longer runs day-to-day operations at Amazon after the company appointed Andy Jassy as chief executive in 2021. Jassy said earlier this year that advancements in AI would lead to a shrinking corporate workforce at the Seattle-based firm. Sanders has frequently sparred with Amazon and Bezos, particularly over warehouse working conditions, but also what he has called union-busting tactics. (Reporting by Greg Bensinger; Editing by Leslie Adler and Chizu Nomiyama )

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(Reuters) -Index provider MSCI reported a rise in third-quarter profit on Tuesday, as improved client spending drove up demand for its index products and analytics services. MSCI creates stock market indices that serve as benchmarks for trillions of dollars in assets held by investment funds, pension plans, and asset managers to measure performance and guide investment decisions. When MSCI performs well, it indicates healthy demand for index-based investing and market data. Conversely, weak results might signal an investor pullback or headwinds in the investment management sector. The data provider posted a profit of $325.4 million for the quarter ending September 30, or $4.25 per share, compared with $280.9 million, or $3.57 per share, a year earlier. Recurring subscriptions in its index segment rose 8.3% on-year to $242.6 million in the September quarter, driven by growth from market-cap weighted index products. This pushed total operating revenue nearly 9.5% higher to $793.4 million, while higher asset-based fees also contributed. U.S. markets have continued to swing higher as lower interest rates and AI exuberance cloud investor anxieties over labor market cracks and tariffs. This marks a stark turnaround from April, when U.S. President Donald Trump's erratic trade policy roiled markets worldwide. Operating expenses increased 7%, as the company spent more on employee compensation and information technology. (Reporting by Ateev Bhandari in Bengaluru; Editing by Janane Venkatraman)

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(Reuters) -PayPal said on Tuesday it entered into a deal with OpenAI that will allow ChatGPT users to buy products using the payment firm's wallet, sending its shares up 13% in premarket trading. The company also raised its financial outlook for the year and announced its first-ever dividend in its 27-year history, signaling confidence in its cash generation and long-term profitability. PayPal said the OpenAI partnership will connect its global merchant network to ChatGPT, allowing users to sell within the wildly popular generative AI tool. AI shopping tools are emerging as the next big shift in online retail, as they can autonomously research, compare and purchase products for consumers. These tools act as digital assistants by understanding user preferences, setting budgets, evaluating reviews and tracking prices over time. "By partnering with OpenAI and adopting the Agentic Commerce Protocol, PayPal will power payments and commerce experiences that help people go from chat to checkout in just a few taps for our joint customer bases," PayPal CEO Alex Chriss said in a statement. RAISES FORECAST, SETS FIRST-EVER DIVIDEND PayPal said it now expects full-year adjusted EPS between $5.35 and $5.39 versus $5.15 to $5.30 earlier. Analysts had projected $5.24, according to estimates compiled by LSEG. Its board approved a quarterly dividend of 14 cents per share, representing a targeted payout ratio of 10% of adjusted profit. The company has overhauled its business under CEO Alex Chriss in recent years by prioritizing profitability over aggressive revenue growth. Once a pandemic-era favorite, PayPal experienced a downturn as consumers returned to physical stores and spending patterns stabilized, prompting the company to focus on high-margin businesses and cost-cutting measures. Payment volumes have remained resilient as consumers continue to spend despite inflationary pressures and an uneven economic environment, highlighting the durability of the company's core business. PayPal posted total payment volume growth of 7% on a FX-neutral basis to $458.1 billion. (Reporting by Manya Saini in Bengaluru; Editing by Vijay Kishore)

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If a person seems to talk incessantly, it can be extremely tricky to get a word in edgewise. How to handle the exchange so that you get to say something now and again too. Berlin (dpa) – They talk without pause or punctuation. Some people have an obvious urge to talk, which can annoy the person they are talking to. It might be a colleague who gives monologues at meetings, a neighbour who talks non-stop when you meet or a friend who doesn't give you any space to say anything yourself. Such talkaholics are often unaware that their incessant stream of words can annoy others. That's because sometimes the other person is sending the wrong signal, says Michaela Albrecht, a communication trainer in Hohenroda, Hesse. "If someone nods politely to the other person's torrent of words, even though it annoys them, the overly talkative person may interpret this as interest," she says. What causes an increased need to talk There can be many reasons why someone talks incessantly and doesn't give the other person a chance to say anything. Loneliness: "Some people live alone and have hardly anyone to talk to," says Judith Lurweg, a systemic therapist in Münster. When these people meet others and see an opportunity to say things they have long kept to themselves, they do so. "It's as if something inside them is released and pent-up feelings come pouring out," says Lurweg. Insecurity: Others talk incessantly in the hope of receiving validation. "They are unsure whether what they are doing or how they are behaving is right," says Lurweg. "And want to compensate for this with a torrent of words." Personality trait: Some people were not listened to as children – and as adults, they compensate for this by talking and expecting others to listen to them. "Others are simply used to being listened to and talk incessantly for that reason alone," says Lurweg. Due to gender socialization, this pattern is more common in men's behaviour towards women. Women comply and listen, even though they are annoyed, because they have learned to please. "Sometimes it also has something to do with age, which is why some people talk incessantly to others," says Albrecht. The older you are, the more you have usually experienced – and some older people feel the urge to pass on their experiences so that others can benefit from them. Tips for dealing with ‘talkaholics’ How best to deal with someone who talks incessantly depends on the context. "In a professional context, for example during a team meeting, structures with fixed speaking times can ensure that a team member's comments do not drag on," says Albrecht. But what if the talkative person is part of your personal circle of friends? "In this case, people who feel annoyed by their counterpart's torrent of words should ask themselves some questions," says Albrecht. Ask yourself, how important is my relationship with this person to me? Do I want to offend them and possibly turn away from them? Or do I want there to be genuine interaction instead of monologues? Some ways you can address the issue:  1. Interrupt If the conversation with your good friend is too one-sided and she is the one who talks incessantly, you should interrupt her in a friendly but firm manner. "Then it's not about bombarding her with accusations along the lines of 'why are you talking so much?', but speaking in the first person," says Lurweg. You can say, "I feel like you're talking more than I am and not giving me a chance to tell you anything about my life." Or, "Hey, I can't really concentrate on what you're saying because you've been talking for a long time; let me say something." 2. Gestures Body language can also help to signal to the other person: I want to say something. "This can be done by raising your hand or pointing a finger at the other person," says Albrecht. 3. Set boundaries "A conversation is an exchange, not a monologue," says Lurweg. You should make this clear to the other person and interrupt them politely before they finish speaking. Depending on the situation, it can also be helpful to tell the other person that you are not prepared to listen any longer – for example, because you are pressed for time. You can then arrange to talk again at a later date. And the person who has been listening without interruption could take the moment to say something like, "Next time, I'll tell you something about myself too." The following information is not intended for publication dpa/tmn eut lue amc xxde arw

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