Qorvo

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Qorvo
Company typePublic company
ISINUS74736K1016
IndustryWireless handsets, base station, broadband communications, military, foundry
Predecessors
Founded2015; 9 years ago (2015)
HeadquartersGreensboro, North Carolina
Key people
Robert Bruggeworth (CEO)
Grant Brown (CFO)
ProductsSAW and BAW filters, GaAs and GaN foundry services and components
RevenueDecrease US$3.57 billion (2023)
Decrease US$183 million (2023)
Decrease US$103 million (2023)
Total assetsDecrease US$6.69 billion (2023)
Total equityDecrease US$3.90 billion (2023)
Number of employees
c. 8,500 (2023)
Websiteqorvo.com
Footnotes / references
Financials as of April 1, 2023.[1]

Qorvo is an American multinational company specializing in products for wireless, wired, and power markets.[2] The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015.[3] It trades on Nasdaq under the ticker symbol QRVO.[4] The headquarters for the company originally were in both Hillsboro, Oregon (home of TriQuint), and Greensboro, North Carolina (home of RFMD),[5] but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.[6]

History[edit]

Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices (RFMD).[4] In June 2015, the new company became a component of the S&P 500.[7] At the time of joining the S&P 500, Qorvo was valued at $12 billion.[7] The company employs more than 8,000 people.[8] As of mid-2016, the Oregon plant alone was employing almost 1,000 people.[6]

In 2016, GreenPeak Technologies was acquired, adding ultra-low power, short range wireless connected home and IoT to its portfolio. GreenPeak Technologies was best known for its Zigbee chips of which they had sold 100 million in 2015. GreenPeak Technologies is headquartered in Utrecht, The Netherlands. [9]

In 2019, Qorvo acquired Active-Semi International, a fabless company with expertise in power efficiency and power management, which have become critical skills for designing circuitry for 5G equipment, the Internet of things (IoT), and a rapidly growing list of other products.

In 2020, Qorvo acquired the Irish fabless semiconductor company Decawave in a deal that was estimated to be worth $400 million. [10]

In 2021, Qorvo announced the acquisition of Mountain View, California-based NextInput, a pioneer in the emerging field of force-sensing for human-machine interface (HMI).[11] On November 3, 2021, Qorvo announced the acquisition of Princeton, New Jersey-based United Silicon Carbide (UnitedSiC), a leading manufacturer of silicon carbide based semiconductors, such SiC FETs, SiC JFETs, SiC Diodes.[12]

In 2023, Qorvo announced QSPICE circuit simulation software would be limited beta testing in May, then open beta testing in July. It is developed by Mike Engelhardt, the author of LTspice.[13]

In 2024, Qorvo announced the acquisition of Anokiwave, a company that specializes in high-performance RFIC design.[14]

Products[edit]

Qorvo products include Amplifier, for usage in radar systems,[15] PMICs for device charging in vehicles[16] as well as Transistors that are needed in IFF and avionic devices.[17] The company also sells RF chips and front end components for use in smartphones.[18][19] Furthermore Qorvo offers SiC power semiconductors,[20] as well as low power wireless components.[21]

References[edit]

  1. ^ "Qorvo Inc. 2023 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 19 May 2023.
  2. ^ About Us; Qorvo.
  3. ^ Spencer, Malia (September 18, 2014). "Qorvo, the company formerly known as TriQuint". Portland Business Journal. Retrieved 20 September 2014.
  4. ^ a b Arcieri, Katie (January 2, 2015). "QRVO: Trading begins after merger between TriQuint and RF Micro". Triad Business Journal. Retrieved 4 January 2015.
  5. ^ Spencer, Malia (September 19, 2014). "TriQuint CEO: Qorvo to site its headquarters in Portland ... and in North Carolina (Photos)". Portland Business Journal. Retrieved 20 September 2014.
  6. ^ a b Rogoway, Mike (August 6, 2016) [published online August 3]. "Qorvo headquarters now officially in North Carolina, not Hillsboro". The Oregonian. p. C10. Retrieved 2016-08-09.
  7. ^ a b Rogoway, Mike (June 9, 2015). "Qorvo, Hillsboro chipmaker, will join S&P 500". The Oregonian/OregonLive. Retrieved 22 June 2015.
  8. ^ "Life at Qorvo - Qorvo".
  9. ^ "Qorvo to Acquire IoT Solution Provider GreenPeak Technologies". 2016-04-18. Retrieved 2020-10-24.
  10. ^ "Irish tech firm Decawave bought by Apple supplier Qorvo". RTÉ.ie. 2020-01-30.
  11. ^ "Qorvo Acquires MEMS-based Sensor Solution Provider - NextInput". everythingRF.
  12. ^ "Qorvo Acquires United Silicon Carbide (UnitedSiC), a Leading Provider of Silicon Carbide Power Semiconductors". Qorvo Newsroom.
  13. ^ "Re-writing SPICE for a digital world". EE News Power. May 10, 2023. Archived from the original on May 14, 2023.
  14. ^ "Qorvo to acquire Anokiwave". www.semiconductor-today.com. Retrieved 2024-03-21.
  15. ^ "QORVO QPA0007 Power Amplifier". allaboutcircuits.com. 2021-11-22. Retrieved 2024-04-10.
  16. ^ "Qorvo's PMIC for In-vehicle Charging Integrates Analog and Power Functions". allaboutcircuits.com. 2020-01-14. Retrieved 2024-04-10.
  17. ^ "Qorvo Introduces 1.8kW, 65V GaN-on-SiC Transistor". compoundsemiconductor.net. 2018-03-13. Retrieved 2024-04-10.
  18. ^ "Qorvo's RF Business Will Benefit From 5G Content Tailwinds". morningstar.com. 2023-11-02. Retrieved 2024-04-10.
  19. ^ "Qualcomm, Qorvo, Skyworks Lead the $4.4 Billion Smartphone RFFE Market in Q1 2022". counterpointresearch.com. 2022-07-26. Retrieved 2024-04-10.
  20. ^ "Qorvo acquisition of SIC device supplier UnitedSIC". slkoric.com. 2022-03-17. Retrieved 2024-04-10.
  21. ^ "Executive Interview: Cees Links, GM of Qorvo's low power wireless business". microwavejournal.com. 2016-11-14. Retrieved 2024-04-10.

External links[edit]

  • Official website
  • Business data for Qorvo:
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