GREENSBORO, NC – November 28, 2022 – Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, announced today that it has secured multiple design wins in collaboration with MediaTek that extend Qorvo’s leadership in 5G smartphones and include mobile Wi-Fi, Wi-Fi routers, and 5G/Wi-Fi automotive platforms.
Dave Fullwood, Qorvo senior vice president of Sales and Marketing, said, “Qorvo is pleased to expand our collaboration with MediaTek to enable the power of connectivity in a new generation of 5G smartphones, Wi-Fi equipment and cars. Qorvo works closely with MediaTek to accelerate innovation and deliver cutting-edge performance to leading customers in mobile, networking, automotive and other markets.”
The automotive design wins are with tier 1 suppliers and will enable 5G connectivity in 2023 automotive platforms. Qorvo’s 5G automotive solutions are optimized with MediaTek to support enhanced safety and entertainment features including telematics, advanced driver-assistance systems (ADAS), autonomous driving, emergency calling (eCall) and in-vehicle connectivity and entertainment services. Qorvo’s automotive connectivity portfolio enables complete AECQ-qualified connectivity solutions – from onboard telematics to the shark fin antenna.
Qorvo has also secured Wi-Fi 6, Wi-Fi 6E and Wi-Fi 7 design wins in a range of devices including service provider gateways and smartphones. Qorvo mates its advanced filters and Wi-Fi integrated front end modules (iFEMs) with MediaTek Wi-Fi systems-on-chip (SoCs) to deliver end-to-end Wi-Fi solutions that increase throughput, reduce latency and enhance the quality of client connections.
In smartphones, Qorvo has secured multiple design wins with leading OEMs that span Qorvo’s broad portfolio of highly integrated advanced cellular solutions. The global smartphone market is supported by multiyear content and integration trends, with outsized opportunities among MediaTek customers as Android OEMs migrate their portfolios to higher performing 5G devices.
Qorvo is a trusted supplier with Approved Vendor List (AVL) accreditation on multiple MediaTek cellular and Wi-Fi reference designs. The reference designs combine MediaTek chipsets and SoCs with Qorvo’s extensive portfolio of RF front end solutions to deliver superior throughput, latency, power efficiency and range. Qorvo’s advanced cellular and connectivity solutions support all major wireless protocols, including Matter®, Bluetooth® Low Energy (BLE), Zigbee, Thread, UWB, Wi-Fi 6/6E/7, CAT-M, NB-IoT and 5G.
Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. 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 consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare and aerospace/defense. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
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 several large customers for a substantial portion of our revenue; continued volatility and uncertainty in customer demand, worldwide economies and financial markets resulting from the impact of the COVID-19 pandemic, conflict in Ukraine or other macroeconomic factors; a loss of revenue if defense and aerospace contracts are canceled or delayed; 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, including under long-term supply agreements, due to timing of customers’ forecasts; our inability to effectively manage or maintain evolving relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; changes in the favorable tax status of certain of our subsidiaries; enactment of international or domestic tax legislation, or changes in regulatory guidance; risks associated with environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; 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; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under "Risk Factors" in Part I, Item 1A. of our Annual Report on Form 10-K for the year ended April 2, 2022 and Qorvo's subsequent 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.