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Qorvo Pioneers to Receive the ZigBee 3.0 Certification
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Premier semiconductor manufacturer Qorvo, Inc. (QRVO - Free Report) recently was awarded the ZigBee 3.0 certification for its smart home gateway platform. The company’s Low Power Wireless unit (earlier known as GreenPeak Technologies) is the industry’s first to receive this certification.
About ZigBee
ZigBee is used in advanced communication procedures required to create personal area networks with small, low-power digital radios. ZigBee specification is used to simplify and curb costs compared to other wireless personal area networks. ZigBee 3.0 enables communication and interoperability across a wide range of smart devices.
Benefits of the Deal
Per this certification, software developers will be able to incorporate the standard into their smart home applications in a short span of time. This certification proves Qorvo’s superiority in the IoT market and its ability to provide complete solutions.
Using this system, a developer can focus on building a system without worrying about the various standards set by ZigBee. The new ZigBee 3.0 is fully integrated with the GP712 radio communication controller chip which enables smooth functioning.
Per a research by Markets and Markets, the IoT market is likely to grow from $157.05 billion in 2016 to $661.74 billion by 2021 with a compound annual growth rate of 33.3%. The key factors which drive the IoT market are development of cheaper and smarter sensors, evolution of high speed networking technologies, and rising adoption of cloud platforms across industry verticals.
This certification will help Qorvo gain an edge over its peers and retain its position as the leader in the Semiconductor-Radio Frequency industry.
Qorvo’s Business
Headquartered in Greensboro, NC, Qorvo was formed by the merger of two semiconductor manufacturing firms, RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. in an all-stock transaction that was billed as ‘a merger of equals’.
Qorvo has introduced highly integrated front-end solutions that simplify and accelerate the implementation of multimode, multi-band 4G smartphones and tablets. These new RF Fusion front-end solutions showcase Qorvo's ability to help leading OEMs to quickly launch their next-generation flagship devices. Qorvo's RF Flex solutions have been selected to support multiple upcoming leading 4G reference designs. RF Flex delivers the best-in-class current consumption to enable superior device performance and leading-edge design flexibility to simplify regional customization.
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Qorvo Pioneers to Receive the ZigBee 3.0 Certification
Premier semiconductor manufacturer Qorvo, Inc. (QRVO - Free Report) recently was awarded the ZigBee 3.0 certification for its smart home gateway platform. The company’s Low Power Wireless unit (earlier known as GreenPeak Technologies) is the industry’s first to receive this certification.
About ZigBee
ZigBee is used in advanced communication procedures required to create personal area networks with small, low-power digital radios. ZigBee specification is used to simplify and curb costs compared to other wireless personal area networks. ZigBee 3.0 enables communication and interoperability across a wide range of smart devices.
Benefits of the Deal
Per this certification, software developers will be able to incorporate the standard into their smart home applications in a short span of time. This certification proves Qorvo’s superiority in the IoT market and its ability to provide complete solutions.
Using this system, a developer can focus on building a system without worrying about the various standards set by ZigBee. The new ZigBee 3.0 is fully integrated with the GP712 radio communication controller chip which enables smooth functioning.
Per a research by Markets and Markets, the IoT market is likely to grow from $157.05 billion in 2016 to $661.74 billion by 2021 with a compound annual growth rate of 33.3%. The key factors which drive the IoT market are development of cheaper and smarter sensors, evolution of high speed networking technologies, and rising adoption of cloud platforms across industry verticals.
QORVO INC Price
QORVO INC Price | QORVO INC Quote
This certification will help Qorvo gain an edge over its peers and retain its position as the leader in the Semiconductor-Radio Frequency industry.
Qorvo’s Business
Headquartered in Greensboro, NC, Qorvo was formed by the merger of two semiconductor manufacturing firms, RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. in an all-stock transaction that was billed as ‘a merger of equals’.
Qorvo has introduced highly integrated front-end solutions that simplify and accelerate the implementation of multimode, multi-band 4G smartphones and tablets. These new RF Fusion front-end solutions showcase Qorvo's ability to help leading OEMs to quickly launch their next-generation flagship devices. Qorvo's RF Flex solutions have been selected to support multiple upcoming leading 4G reference designs. RF Flex delivers the best-in-class current consumption to enable superior device performance and leading-edge design flexibility to simplify regional customization.
Qorvo currently carries a Zacks Rank #2 (Buy). Some similarly ranked stocks in the same industry include InnerWorkings Inc. , RPX Corporation and Xerox Corporation (XRX - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>