Qorvo - M&A Summary and Business Overview

SemiconductorsCompany

Qorvo M&A Summary

Qorvo has acquired 10 companies, including 7 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2024, when it sold Qorvo - Silicon Carbide JFET Technology to ON Semiconductor for $115M. Qorvo has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include semiconductors (100%).

Qorvo Business Overview

Where is Qorvo headquartered?

Qorvo is headquartered in Greensboro, North Carolina.

What is Qorvo’s revenue?

Qorvo disclosed revenue of 3,770M USD for 2024 and 3,569M USD for 2023.

How many employees does Qorvo have?

Qorvo has 8,700 employees.

What sector is Qorvo in?

Qorvo is a semiconductors company.

When was Qorvo founded?

Qorvo was founded in 1957.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3

Qorvo

Qorvo, Inc.

7628 Thorndike Road,
Greensboro, North Carolina 27409
United States,
(336) 664-1233
www.qorvo.com

Qorvo is a provider of core technologies and radio frequency solutions for mobile, infrastructure and defense and aerospace applications. Qorvo has one of the industry's broadest portfolios of RF products and core technologies, and world-class ISO 9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities. Qorvo is a preferred supplier to companies that serve the mobile device, networks infrastructure and defense and aerospace markets. Qorvo's designs and manufacturing expertise encompasses many semiconductor process technologies, which is sourced both internally and through external suppliers. Qorvo operates worldwide with design, sales and manufacturing facilities located throughout Asia, Europe and North America. The Company's primary design and manufacturing facilities are located in North Carolina, Oregon, Texas and Florida, and our primary assembly and test facilities are located in China, Costa Rica and Texas. Qorvo was founded in 1957 and is based in Greensboro, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 5 2 2 - - 1 10
Sell (0.4/yr) # - - - - 1 1 2
vol $115M $115M
  12

Most Recent M&A

Company Date Value Type
Qorvo - Silicon Carbide JFET Technology 2024-12-09 115M USD Divestiture
Greensboro, North Carolina
Anokiwave, Inc. 2024-01-31 - Add-on Acquisition
Billerica, Massachusetts · www.anokiwave.com
Qorvo Biotechnologies LLC 2023-10-05 - Divestiture
Greensboro, North Carolina
United Silicon Carbide, Inc. 2021-11-03 - Add-on Acquisition
Princeton, New Jersey · www.unitedsic.com
NextInput, Inc. 2021-05-06 - Add-on Acquisition
Mountain View, California · www.nextinput.com
Decawave 2020-02-24 - Add-on Acquisition
Dublin, Ireland · www.decawave.com
Custom MMIC 2020-02-19 - Add-on Acquisition
Chelmsford, Massachusetts · www.custommmic.com
Cavendish Kinetics, Inc. 2019-10-07 - Add-on Acquisition
San Jose, California · www.cavendish-kinetics.com
Active-Semi International, Inc. 2019-04-10 - Add-on Acquisition
Richardson, Texas · www.active-semi.com
GreenPeak Technologies B.V. 2016-04-18 - Add-on Acquisition
Utrecht, Netherlands · www.greenpeak.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Semiconductors 10 (100%) - 1 (50%) 115M (100%)
Medical Products - - 1 (50%) -
Total 10 - 2 $115M

By Geo

State/Country Buy Value Sell Value
United States 8 - 2 115M
  North Carolina 1 - 2 115M
  Massachusetts 2 - - -
  California 2 - - -
  Texas 1 - - -
  Oregon 1 - - -
  New Jersey 1 - - -
Ireland 1 - - -
Netherlands 1 - - -
Domestic 8 (80%) - 2 (100%) 115M (100%)
Cross-border 2 (20%) - - -
Total 10 - 2 $115M

Deal Values

sell # Total
$100M to $1B 1 $115M
TOTAL $115M
Largest Qorvo - Silicon Carbide JFET Technology
$115M (2024-12-09)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Semiconductors

Revenue

3,770   6% 2024
3,569   24% 2023
4,646   16% 2022
4,015   24% 2021
3,239   5% 2020
3,090   4% 2019
2,974   2018
2,611   53% 2016
1,711   50% 2015
1,148   2014
(millions of USD) Show More Show Less

Employees

8,700

Established

1957

Public

NASDAQ: QRVO

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