Qorvo

Qorvo is a global supplier of semiconductor solutions for connectivity and power applications. The company serves diverse, high-growth market segments such as consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare and aerospace/defense. Within these markets, Qorvo products maximize device and system efficiency for RF (spectrum), power (current, battery life) and sensing (touch, proximity/location, disease and pathogen identification). The company also provides foundry services for strategic customers, including the U.S. Department of Defense and strategic defense primes.

Qorvo, Inc.
TypePublic company
ISINUS74736K1016
IndustryWireless handsets, base station, broadband communications, military, foundry
Predecessors
Founded2015 (2015)
HeadquartersGreensboro, North Carolina
Key people
Robert Bruggeworth (CEO)
Grant Brown (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 has three product groups: Advanced Cellular (ACG), Connectivity & Sensors (CSG) and High Performance Analog (HPA). ACG is a global supplier of cellular RF solutions for a variety of devices, primarily smartphones, wearables, laptops, and tablets.  CSG is a global supplier of connectivity systems and components, including Ultra-wide Band (UWB), Bluetooth, Matter, Wi-Fi, cellular IoT and MEMs sensors. HPA is a global supplier of RF and power management solutions for infrastructure, defense and aerospace automotive power and other markets.

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

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] On November 3, 2021, Qorvo announced the acquisition of Princeton, New Jersey-based UnitedSiC, a leading manufacturer of silicon carbide semiconductors. [11]

In 2023, Qoro announced QSPICE circuit simulation software would be beta testing in May. It is developed by Mike Engelhardt, the author of LTspice.[12]

References
  1. "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. 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. 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. 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)
  11. "Qorvo® Acquires United Silicon Carbide (UnitedSiC), a Leading Provider of Silicon Carbide Power Semiconductors". Qorvo Newsroom.{{cite web}}: CS1 maint: url-status (link)
  12. "Re-writing SPICE for a digital world". EE News Power. May 10, 2023. Archived from the original on May 14, 2023.
  • Business data for Qorvo:
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