RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. previously announced a merger of the two companies as equals. The companies revealed that the holding company which combines the two will be Qorvo™, Inc. The companies also debuted the new Qorvo logo and stock trading symbol, which they will begin using immediately after the merger’s close.
According to a TriQuint press release, the name Qorvo (pronounced kor-vo) helps illustrate the combined company’s capacity to provide core technologies and innovation so customers can launch their next-generation designs even sooner. The companies indicated that Qorvo will combine TriQuint’s and RFMD’s product portfolios, engineering creativity, product development expertise, and high-volume manufacturing.
“We believe that our new name reflects our company’s commitment to keep customers at the center of all that we do,” said Bob Bruggeworth, RFMD president and CEO, who will serve as Qorvo’s CEO following closing of the merger. “As a new leader in RF solutions, Qorvo will offer the agility, innovation and precision customers need for success in mobile, infrastructure, and defense markets.”
TriQuint CEO Ralph Quinsey, who will serve as non-executive chairman of Qorvo following the merger, said, “Qorvo is building from our foundation of true innovation to solve our customers’ most difficult challenges. We do this so that their customers, whether mobile consumers or troops on the move, will be able to connect with loved ones, protect our security or voyage to new lands.”