Welcome to our dedicated page for Qorvo news (Ticker: QRVO), a resource for investors and traders seeking the latest updates and insights on Qorvo stock.
Qorvo reports developments tied to its semiconductor connectivity and power-solutions business, including operating results, segment demand, and customer program activity. Company updates describe products and markets such as mobile devices, automotive components, consumer and enterprise Wi-Fi, defense and aerospace, infrastructure, base stations, and power management ICs.
Recurring news also covers margin and productivity initiatives, portfolio and manufacturing-footprint actions, material agreements, governance matters, shareholder-voting topics, and capital-structure disclosures.
Cambridge GaN Devices (CGD) and Qorvo have announced a collaboration to develop an evaluation kit (EVK) and reference design for motor control applications using GaN power ICs. This initiative aims to improve power efficiency, compactness, and reliability in BLDC and PMSM systems. Qorvo’s PAC5556A motor/control IC, featuring CGD’s ICeGaN technology, will be the centerpiece of the EVK. GaN technology offers benefits such as low losses, high efficiency, and reduced thermal management needs. The EVK RD5556GaN will be available for purchase in Q3 2024 and will be showcased at the PCIM exhibition in June 2024.
Qorvo, a global leader in connectivity and power solutions, will host an Investor Day on June 11, 2024, in New York City starting at 8:30 a.m. ET. The event will be webcast live on Qorvo's website, and a replay will be available post-event. Institutional investors and analysts can register to attend via email.
This event provides an opportunity for investors to gain insights into Qorvo's strategies, business developments, and financial performance. For further details and registration, visit Qorvo's IR website.
Qorvo (Nasdaq: QRVO), a global leader in connectivity and power solutions, has won a significant legal battle against Akoustis Technologies. On May 17, 2024, a federal jury in Delaware ruled that Akoustis willfully misappropriated Qorvo's trade secrets and infringed on their BAW filter design patents.
The jury awarded Qorvo over $31.5 million in compensatory damages and $7 million in punitive damages. This verdict potentially allows Qorvo to seek an injunction to halt the sale of infringing Akoustis products.
Originally filed in October 2021, this case underscores Qorvo's commitment to protecting its intellectual property.
Qorvo announced its fiscal 2024 fourth-quarter financial results, showcasing a 49% year-over-year revenue growth and exceeding revenue guidance by $16 million. The company acquired Anokiwave and saw significant content gains with key mobile customers. Qorvo expects modest revenue growth and margin improvement for full-year fiscal 2025.
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