M&A
confidence high
sentiment positive
materiality 0.75
Qorvo enters definitive agreement to divest silicon carbide business
Qorvo, Inc.
- Transaction expected to close during the March quarter; immediately accretive.
- Divestiture allows Qorvo to redirect investment to other strategic areas.
- Expected to improve gross margin and reduce operating expenses.
- Avoids capital expenditures needed to remain in the SiC market.