Qorvo

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]

Qorvo's location in Hillsboro, Oregon, formerly the headquarters of TriQuint Semiconductor
Qorvo
TypePublic
NASDAQ: QRVO
S&P 500 Component
ISINUS74736K1016
IndustryWireless handsets, base station, broadband communications, military, foundry
Founded2015
HeadquartersGreensboro, North Carolina
(with other campus in Hillsboro, Oregon)
Key people
Robert Bruggeworth (CEO)
Mark Murphy (CFO)
ProductsSAW and BAW filters, GaAs and GaN foundry services and components
Revenue$3,239,141,000 [1] (2020)
$334,325,000 [1] (2020)
Number of employees
7,900[1] (2020)
SubsidiariesTriQuint Semiconductor
RF Micro Devices
Websiteqorvo.com

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, replacing tobacco company Lorillard.[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 solutions 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 2020, Qorvo acquired Irish semi-conductor company Decawave in a deal that was estimated to be worth $400 million. [9]

Name

Pronounced "kor-vo", the name is intended to reflect the "core technologies and innovations" the companies plan to enable following their combination. The name's first syllable is meant to evoke "chorus" – people (TriQuint and RFMD) working in unison, as well as "core" technology. The second syllable, "vo", is meant to indicate voyage or travel through air or space.[10]

References
  1. "QRVO 2020 Annual Report". Qorvo. Retrieved 2020-10-24.
  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. http://www.qorvo.com/careers/life-at-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. Cite journal requires |journal= (help)
  10. Rogoway, Mike (September 18, 2014). "TriQuint, RFMD confirm new name: Qorvo". The Oregonian. Retrieved February 1, 2015.
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