BARCELONA, SPAIN – February 22, 2016 – Qorvo® (Nasdaq: QRVO), a leading provider of core technologies and RF solutions for mobile, infrastructure and defense applications, today announced Qorvo has joined 3GPP™ as a guest delegate to assist in the development of key aspects of 5G next-generation wireless communications standards.
3GPP™ is a global group of organizations responsible for developing the telecommunications standards used by wireless networks worldwide, including 3G, 4G and the forthcoming 5G specifications. The 5G standard is expected to be released in two phases. Phase 1, due for completion in 2018, will focus on frequencies below 6GHz and define specifications for a prioritized subset of vertical markets. Phase 2, due in 2019, will focus on frequencies above 6GHz and define specifications for an expanded list of vertical markets. 3GPP™ has identified three high-level use cases for 5G specifications: Enhanced Mobile Broadband to support consumers' rapidly growing consumption of video and other data-intensive mobile applications; Massive Machine Type Communications for Internet of Things (IoT) applications involving very large numbers of connected devices; and Ultra-reliable and Low Latency Communications for situations where reliability, security and network performance are critical, such as self-driving vehicles, medical applications and industrial control systems.
Qorvo is engaging in 5G field trials with infrastructure providers and expects to leverage its unique skills and new role in the development of 5G standards to broadly expand its growth opportunities in wireless connected devices and infrastructure products.
Bob Bruggeworth, president and CEO of Qorvo, said, "The 5G standard is expected to undergo significant progress in 2016 as telecommunications standards and use cases are further developed by 3GPP. Qorvo's partnership with 3GPP will support key aspects of the 5G roadmap under development by the RAN (Radio Access Network) Technical Specification Group, which is working on specifications for multiple elements within the telecommunications ecosystem, from base stations to connected devices. Qorvo is well positioned to adopt and deploy 5G solutions, given our past success in transitioning technology from 3G to 4G."
Qorvo's high performance RF solutions simplify design, reduce product footprint, conserve power, improve system performance and accelerate the adoption of carrier aggregation. Qorvo combines deep systems-level expertise, broad manufacturing scale, and the industry's most comprehensive product and technology portfolio to help leading manufacturers accelerate delivery of next-generation LTE, LTE-A, and IoT products. Qorvo's Core RF solutions set the standard for next-gen connectivity, with unmatched integration and performance at the heart of the connected world.
Qorvo is showcasing the Company's expanding portfolio of high performance RF solutions for smartphones, tablets, and other high-performance mobile data devices at the 2016 GSMA Mobile World Congress, February 22-25, 2016, in Barcelona.
About Qorvo
Qorvo (NASDAQ:QRVO) is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications. Qorvo was formed following the merger of RFMD and TriQuint, and has more than 7,000 global employees dedicated to delivering solutions for everything that connects the world. Qorvo has the industry's broadest portfolio of products and core technologies; world-class ISO9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities; and is a DoD-accredited 'Trusted Source' (Category 1A) for GaAs, GaN and BAW products and services. For the industry's leading core RF solutions, visit www.qorvo.com.
3GPP is a trade mark of ETSI.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
Investor Relations:
Doug DeLieto
VP, Investor Relations
Qorvo
+1-336-678-7088
Marketing Manager:
Abhiroop Dutta
Strategic Marketing Communications Manager
Qorvo Mobile Products
+1-336-678-8074
abhiroop.dutta@qorvo.com
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, 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 channel partners 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, the impact of stringent environmental regulations, and the impact of the integration of Qorvo. These and other risks and uncertainties, which are described in more detail in Qorvo's 8K and 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.