Qorvo's automotive-qualified QPF5100Q UWB SoC offers innovative features for advanced automotive applications, now sampling with key clients.
Quiver AI Summary
Qorvo, a prominent provider of connectivity and power solutions, has announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is now automotive-qualified and is being sampled by key customers. This innovative SoC is designed to meet the automotive sector's demand for accurate and reliable UWB technology, catering to applications such as secure keyless entry, Digital Key, and UWB radar functions like child presence detection. With over a decade of experience in UWB, Qorvo's latest offering incorporates advanced functionality and configurable software, allowing automotive designers to create customized solutions. Currently in the Design Verification Testing phase, the QPF5100Q is expected to enter production later this year, reinforcing Qorvo's commitment to delivering cutting-edge automotive technology. The company will showcase this technology at CES 2025.
Potential Positives
- Qorvo's QPF5100Q Ultra-Wideband System-on-Chip is automotive-qualified, indicating strong compliance with industry standards and increasing credibility in the automotive sector.
- The announcement of sampling with key customers suggests strong initial interest and potential design wins in a high-demand market.
- The SoC offers advanced UWB functionality and configurable software, allowing automotive designers to customize features, which can enhance customer satisfaction and competitive advantage.
- Qorvo plans to showcase its UWB technology at CES 2025, demonstrating a commitment to innovation and increasing visibility in a prominent industry event.
Potential Negatives
- Qorvo's reliance on a few large customers for a substantial portion of its revenue presents a risk, as the loss of any of these key clients could significantly impact its financial stability.
- The company faces multiple risks and uncertainties, including fluctuations in operating results and dependence on third parties, which could hinder their ability to manage relationships and maintain consistent performance.
- The mention of potential impacts from the COVID-19 pandemic indicates ongoing vulnerability in their operations and financial results, which could negatively affect investor confidence.
FAQ
What is the QPF5100Q System-on-Chip?
The QPF5100Q is an ultra-wideband (UWB) system-on-chip designed for automotive applications, offering reliable keyless entry and advanced radar capabilities.
How does Qorvo's UWB SoC benefit automotive designers?
It provides configurable software, allowing designers to customize features and enhance performance for specific automotive applications.
What automotive standards does the QPF5100Q meet?
The QPF5100Q is designed to meet strict automotive standards, ensuring safety and reliability in various applications.
When will the QPF5100Q enter production?
The QPF5100Q is currently undergoing Design Verification Testing and is set to enter production later in 2025.
Where can I learn more about Qorvo's UWB technology?
You can visit Qorvo's CES 2025 landing page for more information and to schedule meetings during the event.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$QRVO Insider Trading Activity
$QRVO insiders have traded $QRVO stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $QRVO stock by insiders over the last 6 months:
- PHILIP CHESLEY (SVP, High Performance Analog) has traded it 3 times. They made 0 purchases and 3 sales, selling 14,126 shares.
- GINA HARRISON (VP and Corporate Controller) sold 689 shares.
- RODERICK NELSON sold 2,132 shares.
- PAUL J FEGO (SVP, Global Operations) has traded it 2 times. They made 0 purchases and 2 sales, selling 3,318 shares.
- STEVEN E CREVISTON (SVP, Connectivity & Sensors) has traded it 2 times. They made 0 purchases and 2 sales, selling 6,000 shares.
- ROBERT A BRUGGEWORTH (President and CEO) sold 16,664 shares.
- GRANT BROWN (SVP & Chief Financial Officer) sold 16,292 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$QRVO Hedge Fund Activity
We have seen 271 institutional investors add shares of $QRVO stock to their portfolio, and 271 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,585,173 shares (-37.8%) from their portfolio in Q3 2024
- AMERIPRISE FINANCIAL INC added 795,764 shares (+80.8%) to their portfolio in Q3 2024
- FMR LLC removed 659,235 shares (-49.4%) from their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 535,691 shares (-49.0%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 509,843 shares (-43.2%) from their portfolio in Q3 2024
- THRIVENT FINANCIAL FOR LUTHERANS added 487,621 shares (+140.2%) to their portfolio in Q3 2024
- PANAGORA ASSET MANAGEMENT INC removed 481,820 shares (-61.8%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GREENSBORO, N.C., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Qorvo ® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that its QPF5100Q Ultra-Wideband (UWB) System-on-Chip (SoC) is automotive-qualified and sampling with key customers. This breakthrough SoC addresses automotive industry demands for highly accurate, reliable UWB technology in applications such as secure keyless entry and Digital Key, as well as UWB radar applications like child presence detection and motion sensing.
Qorvo’s newest UWB SoC delivers advanced UWB functionality and configurable software that enables automotive designers to tailor unique features that enhance performance and differentiate customer end applications. The QPF5100Q, leveraging over 10 years of Qorvo’s UWB innovation, is designed to meet strict automotive standards.
Eric Creviston, president of Qorvo’s Connectivity and Sensors Group, said, “By offering configurable software, we empower our customers to innovate and compete more effectively, addressing critical needs in the automotive market and the next generation of UWB applications. Our commitment to support customer innovation in automotive technology is at the heart of this new SoC.”
Currently undergoing Design Verification Testing (DVT) with leading automotive manufacturers, the QPF5100Q is set to enter production later this year. This innovative SoC reflects Qorvo’s commitment to delivering cutting-edge automotive UWB solutions, offering low-power operation and high integration to help customers “future-proof” their designs. Built on a robust product roadmap, Qorvo’s automotive UWB solutions feature scalable system architectures and ongoing advancements, ensuring adaptability to evolving industry standards and emerging applications.
Qorvo will showcase its UWB technology at CES 2025 (#CES2025), January 7-10, 2025, Venetian Expo booth 52908. More information about Qorvo’s innovative technologies and links to schedule meetings and interviews at the show can be found on Qorvo’s CES 2025 landing page .
About Qorvo
Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. 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 automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit
www.qorvo.com
to learn how our diverse and innovative team is helping connect, protect and power our planet.
Media Contact:
Alexis Mariani Strategic Marketing Manager [email protected] |
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; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; 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 and future 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. Many of the foregoing risks and uncertainties are and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. 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.