GREENSBORO, NC – August 26, 2019 – Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that James Klein, president of Qorvo's Infrastructure and Defense Products (IDP), has been recognized with the Technology Association of North Texas' Tech Titans Award. Tech Titans recognizes individuals in North Texas currently transforming the high-tech industry for the greater good.
Under Klein's leadership, Qorvo's IDP revenue grew double digits for 13 consecutive quarters as it expanded into diverse, high-growth markets. Today, Qorvo IDP serves large markets including wireless connectivity, broadband, aerospace, defense, the IoT and most recently, programmable power management through the acquisition of Active-Semi International. Mr. Klein helped establish Qorvo's technology and product leadership in Gallium Nitride (GaN), expanding its use from defense radar and electronic warfare to commercial markets including 5G base stations and broadband cable networks.
Bill Sproull, president and CEO at Tech Titans, said, "We are pleased to recognize James Klein with this Tech Titans Award. James' strategic leadership of Qorvo's IDP business unit is a model for other businesses in the Texas area and beyond."
Headquartered in Richardson, Texas, Qorvo's IDP business has a significant presence in North Texas with three facilities that manufacture up to 80 million semiconductor components per week. Qorvo has added more than 1,200 jobs to the Dallas area. Learn more at www.qorvo.com. The full list of winners and more information can be found in the recent issue of the Dallas Business Journal and online at www.techtitans.org.
Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (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 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.