& cplSiteName &

Qorvo Gets Into Zigbee With Greenpeak Buy

Brian Santo
4/18/2016
50%
50%

Qorvo said it is buying privately held GreenPeak Technologies, which specializes in designing short-range RF communication circuitry, specifically Zigbee and Bluetooth chips.

GreenPeak Technologies BV claims to have shipped over 100 million Zigbee chips into the smart home market, including devices for the Zigbee variant called RF4CE which the cable industry tends to favor for remote controls. MSOs are using RF4CE not only for connecting to TVs, but also to the growing number of home automation products. (See GreenPeak Marks 100M Milestone With ZigBee Chips.)

Qorvo Inc. is the result of the merger of two RF specialists, RFMD and Triquint. The acquisition of Greenpeak will give the company a solid position in a corner of the RF business where it previously had minimal presence, and gets it deeper into the market for the Internet of things (IoT).

The markets for IEEE 802.4.15 (the standard upon which Zigbee is based) and Bluetooth promise growth. Qorvo quoted Gartner's assessment that the portion of the smart home networking and IoT markets addressed by those technologies could grow to $2.3 billion by 2020, and that as the IoT develops there could be another $5 billion worth of low-power connectivity applications in retail, agriculture, automotive, lifestyle and commercial lighting in that same time span.


Want to know more about communications ICs? Check out our comms chips channel here on Light Reading.


GreenPeak will become part of Qorvos infrastructure and defense products (IDP) group. The operation will continue to be headed by Cees Links, co-founder and CEO of Greenpeak.

No purchase price was given. Over the years, the company had three rounds of funding for a total of about $31 million, from a half dozen vendors including Draper Esprit, Robert Bosch Venture Capital and Gimv Arkiv Technology Fund. Gimv, the lead investor, said in a statement "this exit will have a net positive impact of EUR 5.3 million on the equity value at 31 December 2015. Over the entire period, this investment generated a return above Gimvs long-term average return."

The transaction is expected to close in the current quarter.

— Brian Santo, Senior Editor, Components, T&M, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue London
November 10, 2017, The Westin Times Square, New York, NY
November 16, 2017, ExCel Centre, London
November 30, 2017, The Westin Times Square
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Muni Policies Stymie Edge Computing
Carol Wilson, Editor-at-large, 10/17/2017
Is US Lurching Back to Monopoly Status?
Carol Wilson, Editor-at-large, 10/16/2017
Pai's FCC Raises Alarms at Competitive Carriers
Carol Wilson, Editor-at-large, 10/16/2017
'Brutal' Automation & the Looming Workforce Cull
Iain Morris, News Editor, 10/18/2017
Worried About Bandwidth for 4K? Here Comes 8K!
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 10/17/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed