Greensboro, NC (GLOBE NEWSWIRE) - Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced that the Qorvo RF Fusion™ 5G chipset has won the 2020 GTI Innovative Breakthrough in Mobile Technology Award. The award recognizes Qorvo’s breakthrough innovation in 5G chipsets, which combines compact, high-performance 5G functionality with quick time to market for leading smartphone manufacturers. This is the second time that Qorvo’s 5G offerings have been recognized with the GTI Award.
The Global TD-LTE Initiative (GTI) is an open global association of operators and vendors dedicated to promoting the development of TD-LTE and 5G. The GTI Awards program recognizes the most outstanding achievements and success in the industry and encourages the development of innovative products, services and applications.
“We are very pleased to be recognized once again with the prestigious GTI Award,” said Eric Creviston, president of Qorvo’s Mobile Products Group. “This award underscores Qorvo’s technology and product leadership in 5G RF front ends. We are proud to help accelerate the commercialization and global rollout of 5G.”
Qorvo’s RF Fusion 5G solutions support all 5G bands and utilize E-UTRA New Radio - Dual Connectivity (EN-DC) with full standalone operation, including dual 5G uplink. Qorvo’s RF Fusion 5G portfolio is in full-volume production and offers high reliability and superior performance through use of its GaAs power amplifiers and BAW filters. Qorvo is supporting the launch of multiple new 5G handsets.
More information about Qorvo’s RF Fusion solutions is available here. View the RF Fusion brochure here: RF Fusion™ Integrated Solutions: High-Performance 4G & 5G Mobile Devices.
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 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, 5G 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 (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (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 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.
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; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions resulting from natural disasters, extreme weather conditions and public health issues, including the outbreak of COVID-19; 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 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. 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.
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