GREENSBORO, NC – June 15, 2022 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, has been selected by the U.S. Department of Defense (DoD) to proceed with the Advanced Integration Interconnection and Fabrication Growth for Domestic State of the Art (SOTA) Radio Frequency Gallium Nitride (GaN) program, also known as STARRY NITE, as part of the Office of Undersecretary of Defense Research & Engineering's (OUSD R&E) microelectronics roadmap.
The STARRY NITE program seeks to develop and mature domestic, open SOTA RF GaN foundries in alignment with the DoD advanced packaging ecosystem. The Qorvo team will leverage over 30 years of technology development and a long record of successfully establishing high performance, reliable GaN manufacturing technology to achieve these primary goals:
To offer secure, domestic high-volume manufacturing of 90 nanometer (nm) GaN foundry processes, along with advanced interconnect features that enable high performing, innovative, and compact solutions for next-generation military and commercial wireless communications systems
Qorvo is well-positioned to realize STARRY NITE's vision and ensure accessibility of 90nm RF GaN and 90nm GaN with advanced interconnects across the Defense Industrial Base (DIB), delivering manufacturing maturity with performance and advanced integration features such as copper bumps.
Philip Chesley, president of Qorvo's Infrastructure and Defense Products, said, "Qorvo looks forward to providing best in class advanced GaN technology that will enable high-performing, reliable and compact RF solutions for future needs through the STARRY NITE prototype project."
Qorvo is a leader in providing 5G and other commercial products that require a keen understanding of today's market requirements, as well as the advanced GaN nodes and advanced interconnects needed to support/achieve those requirements. As a commercial provider for dual-use applications, Qorvo is uniquely positioned to leverage wafer volumes to drive manufacturing process control, accelerate process and reliability maturation, and drive down costs for the entire DIB.
Qorvo is a leading supplier of high-performance RF products and compound semiconductor foundry services to defense primes and other global defense and aerospace customers. Using the MRL concept developed by the U.S. DoD, Qorvo has achieved Manufacturing Readiness Level 10 for its GaN technology.
To learn more about Qorvo's GaN manufacturing capabilities and services through blogs, videos, white papers and more, visit www.qorvo.com/foundry.
Connect with us at IMS (#IMS2022), June 21-23. For more information about Qorvo's solutions, announcements and meeting inquiries, visit our Qorvo IMS 2022 landing page.
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:
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 U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities, and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are, and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. 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.