Qorvo Inc.
12/10/2024 | Press release | Distributed by Public on 12/10/2024 07:47
Material Event Form 8 K
Item 8.01 Other Events.
On December 9, 2024, Qorvo, Inc. (the "Company" or "Qorvo") entered into a definitive agreement to divest its silicon carbide business. The transaction is expected to be immediately accretive to Qorvo upon closing during the March quarter. Exiting the silicon carbide market will allow the Company to redirect investment to other strategic areas, improve gross margin, reduce operating expenses, and avoid the capital expenditures necessary to remain engaged.