Qorvo, Inc. (NasdaqGS:QRVO) entered into a definitive agreement to acquire Anokiwave Inc. on January 22, 2024. The transaction is expected to be funded with cash on hand. The Anokiwave team will join Qorvo?s High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array and AESA radar, electronic warfare, satellite communications and 5G applications. The acquisition is expected to be completed during the fourth quarter of fiscal 2024. Barclays PLC acted as financial advisor to Anokiwave Inc.
Qorvo, Inc. (NasdaqGS:QRVO) completed the acquisition of Anokiwave Inc. for $94 million on February 5, 2024. The acquisition includes net of cash acquired $10.7 million.
Qorvo, Inc. is a global provider of connectivity and power solutions. The Company supplies semiconductor solutions. The Company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). The HPA segment is a global supplier of radio frequency (RF), analog mixed signal and power management solutions. The CSG segment is a global supplier of connectivity and sensor solutions, with broad expertise spanning ultra-wideband (UWB), Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, cellular Internet of Things (IoT) and microelectromechanical system (MEMS)-based sensors. The ACG segment is a global supplier of cellular RF solutions for smartphones, wearables, laptops, tablets, and other devices. The Company serves diverse segments of global markets, including consumer electronics, smart home/IoT, automotive, electric vehicles (EVs), battery-powered appliances, network infrastructure, and aerospace/defense.
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