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Qorvo is a global semiconductor company that specializes in manufacturing radio frequency (RF) chips for applications across mobile devices, wireless infrastructure, aerospace and defense, and other end markets.
Starboard Value acquired a 7.71% position for investment purposes.
The opportunity to improve value is simple, operationally focused and something Starboard has done many times at many semiconductor companies: margin improvement.
Starboard has had a positive return on its investment and its average return on the 13 is 85.87% versus an average of 28.91% for the Russell 2000 .
Qorvo 's director nomination window does not open until March 16, 2025 , and we would be very surprised if a settlement was reached before then.
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