GREENSBORO, NC – January 26, 2017 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced it is the first RF supplier to join the China Mobile 5G Innovation Center—an alliance created to develop 5G solutions for China, the world’s largest wireless communications market. The China Mobile 5G Innovation Center is driving the development of 5G end-to-end capabilities with partners for applications including self-driving cars, industrial connectivity and virtual reality.
According to Strategy Analytics, the number of 5G connections will reach 690 million by 2025, with more than 300 million 5G handsets including a substantial number in China.
Qorvo’s membership in the China Mobile 5G Innovation Center complements the company’s broad range of 5G initiatives. Qorvo is helping to define 5G standards as a delegate to 3GPP and has supported more than twenty 5G field trials with global wireless infrastructure companies. The company is uniquely positioned to drive the transition to 5G, which is expected to utilize spectrum ranging from 600 MHz to at least 80 GHz. Qorvo’s expertise in advanced module packaging and steerable antenna arrays will be essential in developing RF solutions for 5G.
Eric Creviston, president of Qorvo’s Mobile Products Group, said, “We are delighted to join the China Mobile 5G Innovation Center. This is a unique opportunity to engage with the world’s largest mobile operator and its ecosystem partners. By participating in development at the Center’s Open Labs and in field trials, our goal is to accelerate the creation and delivery of market-leading 5G solutions.”
Qorvo’s high-performance RF solutions simplify design, reduce product footprint, conserve power, improve system performance and accelerate the adoption of carrier aggregation. Qorvo combines systems-level expertise, broad manufacturing scale, and the industry’s most comprehensive product and technology portfolio to help leading manufacturers accelerate the delivery of next-generation LTE, LTE-A, and IoT products. Qorvo's core RF solutions set the standard for next-gen connectivity, delivering unmatched integration and performance at the heart of the connected world.
Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, a loss of revenue if contracts with the U.S. government or defense and aerospace contractors are canceled or delayed, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage platform providers and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, and the impact of stringent environmental regulations. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.