Qorvo® announced that its Board of Directors has authorized the repurchase of up to $2 billion of the Company’s outstanding common stock. The new repurchase program includes the remaining authorized dollar amount under the prior program which was terminated concurrent with the new authorization. Qorvo®, based in Greensboro, North Carolina, is a major global provider of connectivity and power solutions
Under the share repurchase program, share repurchases will be made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares, the number of shares and the timing of any repurchases will depend on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. The program does not require the Company to repurchase a minimum number of shares and does not have a fixed term, and it may be modified, suspended or terminated at any time without prior notice.
Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that create improvements in global markets. They combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve their customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, healthcare and aerospace/defense.
