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0 0.00139664804469271 0.00139664804469271 0.0293296089385475 0.0233938547486034 0.0260125698324023 0.0332576815642458 0.0314245810055867
Stock impact report

Chipmaker Qorvo appoints two industry veterans to board [Yahoo! Finance]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: Yahoo! Finance
Monday, amid activist investor Starboard Value's push to boost the company's weak share price. Shares of the company rose about 3% in premarket trading. In January, Starboard revealed it had built a 7.7% stake in the Apple supplier. Morgan Stanley analysts had said that the activist's involvement could "inject some urgency" and unlock value for the chipmaker. Qorvo is facing stiff competition and slowing orders for its smartphone chips as customers shift towards entry tier 5G devices, which impacted its revenue in the third quarter of fiscal 2025. The company said the changes on its board were part of a "refreshment initiative" to identify candidates with industry and operating experience. The board's size will now stand at nine, of which eight directors are independent. Clemmer is a founding partner of Socratic Partners, a semiconductor-only venture fund, and also worked at NXP Semiconductors where he was the CEO and president. He currently serves of the board of HP and S Show less Read more
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