Qorvo, Inc. acquired United Silicon Carbide, Inc. for approximately $260 million.
November 02, 2021
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Qorvo, Inc. (NasdaqGS:QRVO) acquired United Silicon Carbide, Inc. for approximately $260 million on October 19, 2021. Qorvo, Inc. paid cash consideration of approximately $227.1 million and contingent cash consideration of up to $31.3 million based on the achievement of certain revenue and gross margin targets subsequent to the close date and through December 31, 2022. United Silicon Carbide will become part of Qorvo's Infrastructure & Defense Products (IDP) business and will be led by Chris Dries, who was formerly United Silicon Carbide's president and Chief Executive Officer and is now general manager of Qorvo's Power Device Solutions. Steve Albertso, Matthew Cantor, Helen Christakos, Ian Goldstein, Larissa Neumann, Joseph Schenck, Ethan Skerry and Steve Albertson of Fenwick & West LLP acted as legal advisor for United Silicon Carbide in the transaction. Raymond James Financial, Inc. (NYSE:RJF) acted as financial advisor to United Silicon Carbide, Inc.
Qorvo, Inc. (NasdaqGS:QRVO) completed the acquisition of United Silicon Carbide, Inc. on October 19, 2021.
Qorvo, Inc. specializes in the design, production and marketing of radio-frequency components and solutions. In particular, the group makes power amplifiers, embedded modules, selector switches, duplexers, power management devices, wireless connection solutions, frequency convertors, oscillators, couplers and optical components.
Net sales break down by activity as follows:
- mobile terminals and electronic devices (76.3%);
- defense and aeronautics equipment, network infrastructures (23.7%).
At the end of March 2022, the group had 7 production sites located in the United States (3), China (2), Costa Rica and Germany.
Net sales break down geographically as follows: the United States (41.5%), China (32.3%), Taiwan (7.4%), Asia (13.4%) and Europe (5.4%).
QORVO, INC. 
