October 24, 2025 /SemiMedia/ — Qorvo announced it will close its Greensboro wafer fabrication plant in North Carolina as part of a strategic shift toward high-margin markets such as defense and aerospace. The company reported $819 million in revenue for its first fiscal quarter of 2026, with a non-GAAP gross margin of 44%, and expects second-quarter revenue of approximately $1.025 billion with a margin of 48% to 50%.

The closure will consolidate SAW filter and GaAs production to facilities in Texas and Oregon, while the Costa Rica processing plant will also be phased out as planned, optimizing global capacity and strengthening ties with Asian markets.

Qorvo’s business segments are showing growth through targeted strategies. ACG continues to serve core customers with differentiated products including antenna tuners and high-performance filters, leveraging envelope tracking PMICs for long-term collaboration. HPA focuses on defense, aerospace, and power management markets, benefiting from increased spending by the U.S. and allied nations, while expanding into AI data centers and drones. Meanwhile, CSG drives Wi-Fi 7/8 and ultra-wideband (UWB) technology adoption, securing orders from Japanese and Korean automakers as well as U.S. AR/VR companies, with UWB market potential exceeding $2 billion.

The strategic adjustments address intensifying low-end competition in China’s RF market, prompting divestment of low-margin assets including base station PAM, silicon carbide, and certain MEMS force sensing businesses. Moving forward, Qorvo will focus on high-margin RF, high-end Wi-Fi, and UWB segments, prioritizing profitability over scale.