GREENSBORO, N.C., July 19, 2016 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that its infrastructure solutions have supported more than twenty 5G field trials with global infrastructure providers. This is a key milestone in Qorvo’s strategy to support the evolving 5G ecosystem and help accelerate the deployment of 5G.
In February 2016, Qorvo announced it had joined the 3GPP™ as a guest delegate; Qorvo is now a full voting member, advising the standards body on 5G RF solutions. The 5G standard is expected to be released in two phases. Phase 1, due for completion in 2018, will focus on frequencies below 6GHz and define specifications for a prioritized subset of vertical markets. Phase 2, due in 2019, will focus on frequencies above 6GHz and define specifications for an expanded list of vertical markets.
Bob Bruggeworth, president and CEO of Qorvo, said, “As the leading RF supplier in more than twenty 5G field trials, Qorvo is both a primary enabler and a beneficiary of 5G deployments and the explosive growth in mobile data. With the development of the 5G standard and global allocation of frequency spectrum, we are well positioned to deliver a broad range of 5G connectivity solutions.”
Similar to 4G, the United States is taking a leadership position in the definition and deployment of 5G, with the stated intent of enhancing the digital economy and greatly increasing economic opportunity. On July 14, the US Federal Communications Commission (FCC) adopted rules for wireless broadband operations in frequencies above 24 GHz. The proposed 5G frequency spectrum allocations cover licensed access in 28 GHz, 37 GHz and 39 GHz; unlicensed access in 64 – 71 GHz, and shared access in 37 GHz – 37.6 GHz, with all ranges expected to support multiple 5G use cases.
Higher frequency millimeter wave (mmW) bands are expected to expand both network capacity and wireless use cases, with theoretical 5G transfer speeds of up to ten gigabits per second. These mmW bands operate over a significantly shorter range than lower frequency bands, driving a significant increase in residential and commercial placements of short-range, smaller cell sites.
Qorvo is uniquely positioned to deliver an expanding RF portfolio for both infrastructure and smartphone applications including premium BAW filters, GaN PAs, phase shifters, amplifiers, switches, integrated modules and other high performance RF solutions. “Qorvo’s early start in 5G comes from our legacy of mmW work in the defense and aerospace markets and our field-proven mmW radio product line,” commented Bruggeworth. “We are using this unique background to aid current 5G field trials, giving us multiple generations of product experience in the higher frequency bands.”
Qorvo combines millimeter wave systems expertise and the industry’s most comprehensive high-power RF product and technology portfolio to help leading manufacturers quickly launch next-generation infrastructure products.
Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative 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 our 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.
3GPP is a trademark of ETSI.
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 the federal securities laws. Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage channel partners and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, the impact of stringent environmental regulations, and the impact of integrating the businesses of RFMD and TriQuint. 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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