Cramer said the consolidation is a good move because Skyworks Solutions (SWKS) has been eating into their businesses. The merger will allow them to better compete, he added.
Although shares are higher by about 4% on the news, if Skyworks Solutions does begin to sell off, he suggested investors buy on the weakness. He added that the company reported a strong earnings report last quarter and should continue to do well, despite the merger between RFMD and TQNT.
"How can these two not get together?" Cramer wondered.
The deal would leave Eddie Bauer, a potential acquisition target by Jos. A. Bank, out in the cold. But Cramer is "not a believer in the Bauer deal."