Leading Internet of Things technology supplier targets smart metering and asset tracking applications

    GREENSBORO, NC – October 19, 2017 – Qorvo® (NASDAQ: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that SIMCom Wireless Solutions, a leading global Internet of Things (IoT) supplier, has selected Qorvo to provide the RF solution for its new NB-IoT modules.

    The SIMCom SIM7000A and SIM7000C modules target high-volume cellular smart metering and asset tracking applications that use low-power wide-area networks based on the new NB-IoT and LTE CAT-M1 (eMTC) standards. At least 11 operators have already launched NB-IoT or LTE CAT-M1 networks, with a further 14 networks planned, according to the Global mobile Suppliers Association (GSA). ABI Research predicts that low-power wide-area networks will be the world’s fastest-growing connectivity technology through 2025, supporting four billion IoT devices by that date.

    The Qorvo NB-IoT RF solution optimizes performance and low power consumption in high-volume, low-power IoT applications. Designed for global use, it helps IoT manufacturers reduce cost by minimizing the need to regionalize their products. The solution includes high-efficiency power amplifiers and a low-loss switch.

    Eric Creviston, President of Qorvo’s Mobile Products Group, said, “IoT is strategically important for Qorvo, and we are excited to support SIMCom, one of the world’s leading IoT suppliers. The RF solution in the highly anticipated LTE SIM7000A and SIM7000C NB-IoT/eMTC modules expands our portfolio of IoT offerings and helps further establish Qorvo’s position in the fast-expanding global markets for low-power connected devices.”

    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. See more about how Qorvo is addressing IoT at www.qorvo.com/iot.

    About Qorvo

    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.

    Investor Relations Contact:
    Doug DeLieto
    VP, Investor Relations
    Media Contact:
    Abhiroop Dutta
    Strategic Marketing Manager, Mobile
    +1 336-678-8074

    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, 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 channel partners 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, the impact of stringent environmental regulations, and the impact of integrating the businesses of RFMD and TriQuint. 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.