Qorvo

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Qorvo, Inc.
TypePublic company
ISINUS74736K1016
IndustryWireless handsets, base station, broadband communications, military, foundry
Predecessors
Founded2015; 7 years ago (2015)
HeadquartersGreensboro, North Carolina
Key people
Robert Bruggeworth (CEO)
Mark Murphy (CFO)
ProductsSAW and BAW filters, GaAs and GaN foundry services and components
RevenueIncrease US$4.65 billion[1] (2022)
Increase US$1.23 billion[1] (2022)
Increase US$1.03 billion[1] (2022)
Total assetsIncrease US$7.51 billion[1] (2022)
Total equityDecrease US$4.55 billion[1] (2022)
Number of employees
8,900+[1] (2022)
Websiteqorvo.com

Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASDAQ, was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015.[2][3] The headquarters for the company originally were in both Hillsboro, Oregon (home of TriQuint), and Greensboro, North Carolina (home of RFMD),[4] but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.[5]

History[edit]

Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices (RFMD).[2] In June 2015, the new company became a component of the S&P 500.[6] At the time of joining the S&P 500, Qorvo was valued at $12 billion.[6] The company employs more than 8,000 people.[7] As of mid-2016, the Oregon plant alone was employing almost 1,000 people.[5]

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. [8]

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 Irish semi-conductor company Decawave in a deal that was estimated to be worth $400 million. [9]

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).[10]

References[edit]

  1. ^ a b c d e f "Qorvo Inc. Annual Report for fiscal year ending April2, 2022 (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 20 May 2022.
  2. ^ a b Arcieri, Katie (January 2, 2015). "QRVO: Trading begins after merger between TriQuint and RF Micro". Triad Business Journal. Retrieved 4 January 2015.
  3. ^ Spencer, Malia (September 18, 2014). "Qorvo, the company formerly known as TriQuint". Portland Business Journal. Retrieved 20 September 2014.
  4. ^ 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.
  5. ^ 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.
  6. ^ a b Rogoway, Mike (June 9, 2015). "Qorvo, Hillsboro chipmaker, will join S&P 500". The Oregonian/OregonLive. Retrieved 22 June 2015.
  7. ^ "Life at Qorvo - Qorvo".
  8. ^ "Qorvo to Acquire IoT Solution Provider GreenPeak Technologies". 2016-04-18. Retrieved 2020-10-24.
  9. ^ "Irish tech firm Decawave bought by Apple supplier Qorvo". 2020-01-30.
  10. ^ "Qorvo Acquires MEMS-based Sensor Solution Provider - NextInput". everythingRF.{{cite web}}: CS1 maint: url-status (link)

External links[edit]