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Member news: Merger between RF Micro and TriQuint is complete, trading begins today

from Triad Business Journal

The merger between Greensboro-based RF Micro Devices Inc. and Hillsboro, Oregon-based TriQuint Semiconductor Inc. is complete, and trading of the combined company, Qorvo, has begun on the NASDAQ Global Stock Market under the ticker symbol QRVO, company officials announced. The merger, completed Jan. 1, is expected to create a top competitor in the wireless component industry. Company officials expect Qorvo to gain market share in several areas, including the defense and mobile markets, and achieve at least $150 million of cost savings. As of about 3 p.m., Qorvo shares were trading at about $69 per share. more


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