After TriQuint Semiconductor Inc. and RF Micro Devices (RFMD) merged businesses, most agreed the duo would reemerge under a new banner. Now, this has come to pass as the combined company will now be known as Qorvo Inc.
Pronounced kor-vo, the new company unveiled a new logo and stock trading symbol (QRVO), which will begin usage once the merger is closed. The company said the name conveys the ability to deliver the core technologies and innovation for next-generation designs and enable customers to bring new ideas to market.
Bob Bruggeworth, RFMD president and CEO and who will serve as Qorvo’s CEO, said in a statement the name of the company conveys that its customers are at the center of what the company will do and will provide the agility and innovation for customers needing RF products in the mobile, infrastructure and defense markets.
Qorovo said the combination of TriQuint and RFMD’s product development, product portfolios and high volume manufacturing will be able to translate R&D advances into large scale production quickly.
Ralph Quinsey, CEO of TriQuint and will serve as non-executive chairman of Qorvo, said in the same statement, the new company “is building from [TriQuint and RFMD’s] foundation of true innovation to solve customers’ most difficult challenges.”
The merger is expected to close in the second half of 2014 having already been approved by shareholders following regulatory approval.
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