Qorvo Promotes 6th Generation WiFi at CES; Maintain $86 FVE as Shares Still Undervalued
At CES 2019, we met with Cees Links, Qorvo's general manager of its Wireless Connectivity Business unit and the founder of Green Peak Technology, which was acquired by Qorvo in April 2016. We think Qorvo's purchase of Green Peak was a good one as it positions Qorvo well to service customers across a wider variety of wireless signals, whether they be based on Bluetooth, WiFi, or cellular. Our conversation centered around the emerging 6th generation of WiFi, 802.11ax. In our view, the good news fo...Qorvo is a holding company. Through its subsidiaries, the company designs, develops, manufactures and markets its products to U.S. and international original equipment manufacturers and original design manufacturers in two operating segments: Mobile Products, which is a supplier of cellular radio frequency (RF) and Wi-Fi solutions for mobile devices, including smartphones, wearables, laptops, tablets and cellular-based applications for the Internet of Things (IoT); and Infrastructure and Defense Products, which is a supplier of RF and system-on-a-chip solutions for cellular base stations and other wireless communications infrastructure, defense, smart home, automotive and other IoT applications.
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