M&A Deal Summary

Qorvo Acquires Custom MMIC

On February 19, 2020, Qorvo acquired semiconductors company Custom MMIC

Acquisition Highlights
  • This is Qorvo’s 6th transaction in the Semiconductors sector.
  • This is Qorvo’s 5th transaction in the United States.
  • This is Qorvo’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-02-19
Target Custom MMIC
Sector Semiconductors
Buyer(s) Qorvo
Deal Type Add-on Acquisition

Target

Custom MMIC

Chelmsford, Massachusetts, United States
Custom MMIC is a supplier of high-performance GaAs and GaN monolithic microwave integrated circuits (MMICs) for defense, aerospace, and commercial applications.

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Buyer(S) 1

Buyer

Qorvo

Greensboro, North Carolina, United States
Category Company
Founded 1957
Sector Semiconductors
Employees8,700
Revenue 3.8B USD (2024)
DESCRIPTION
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.

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.

DEAL STATS #
Overall 6 of 10
Sector (Semiconductors) 6 of 10
Type (Add-on Acquisition) 4 of 8
State (Massachusetts) 1 of 2
Country (United States) 5 of 8
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-07 Cavendish Kinetics

San Jose, California, United States

Cavendish Kinetics, Inc. is a provider of high-performance RF MEMS technology for antenna tuning applications. RF MEMS devices are used to tune both main and diversity smartphone antennas across low, mid and high bands, resulting in stronger signals and faster data rates. RF MEMS maximizes performance through outstanding Q-factor, improved linearity and extremely low insertion losses, offering great potential for improving 4G and 5G system performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Decawave

Dublin, Ireland

Decawave develops semiconductor solutions, software, modules and reference designs that enable real-time, ultra-accurate, ultra reliable local area micro-location services. Decawave is headquartered in Ireland, with regional headquarters in California and China, and a presence in South Korea, France, and Japan.

Buy -
Mergr

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