Qorvo Touts Smart Home Opportunities at CES; Maintain $52 Fair Value Estimate
We attended the Consumer Electronics Show in Las Vegas and met with Cees Links, founder of GreenPeak Technologies, which was acquired by Qorvo in April 2016 and is now part of the firm’s infrastructure and defense product segment. Links is currently the general manager of Qorvo’s wireless connectivity business unit and is one of the founding engineers associated with the development of Wi-Fi in the early 1990s. GreenPeak specializes in smart home devices running Zigbee and other low-power wirele...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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