Greensboro, NC, November 9, 2023 – Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that it has been awarded the 2023 Product of the Year by leading publisher ASPENCORE. Qorvo won the Power Management/Voltage Converter category, which is one of ASPENCORE's annual World Electronics Achievement Awards (WEAA).
The award-winning PAC22140 and PAC25140 Power Application Controller® (PAC) enable battery management solutions (BMS) for packs of up to 20 cells in series (20s) in a wide range of industrial, e-mobility and battery backup applications. These highly integrated devices save designers more than 50% of PCB space and lower total BOM cost by 30%, while reducing time to market. The award recognizes Qorvo's hardware and software ecosystem which provides designers complete solutions for high-power, high-performance, space-constrained systems.
“Qorvo's growing family of innovative battery management ICs offers fully integrated, configurable, single-chip solutions for today's compact battery-operated devices,” said Jeff Strang, general manager for Qorvo’s Power Management business. “This award recognizes our design team's talent and our leadership in developing groundbreaking power management solutions for our customers.”
ASPENCORE's World Electronics Achievement Awards honor companies and individuals who have made outstanding contributions to the innovation and development of the electronics industry worldwide. ASPENCORE's unique collection of media properties includes EE Times, EDN and Electronic Products. Qorvo previously received the WEAA Product of the Year in 2022, 2020 and 2019.
For more information about Qorvo’s complete portfolio of power solutions, please visit https://www.qorvo.com/innovation/power-solutions.
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 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 leading global provider of innovative semiconductor solutions that connect, protect and power our planet.
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.