💨 Abstract

Activist investor Starboard Value has acquired a 7.7% stake in Qorvo, a chipmaker that supplies components to Apple. Qorvo's share price has been weak due to stiff competition and slowing orders for smartphone chips, particularly as consumers shift towards entry-level devices. Starboard's investment, worth over $500 million, aims to help Qorvo improve its performance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖