Tranche Update on Qorvo, Inc.'s Equity Buyback Plan announced on May 5, 2021.
November 04, 2021 at 04:49 pm EDT
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From July 4, 2021 to October 2, 2021, the company has repurchased 1,208,000 shares, representing 1.09% for $223.26 million. With this, the company has completed the repurchase of 2,834,000 shares, representing 2.53% for $510.02 million under the buyback announced on May 5, 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. 
