Starboard Builds Big Stake in Chip Maker Qorvo
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Starboard Value, an activist investment firm led by Jeff Smith, has acquired a 7.7% stake in Qorvo, a chip maker that competes with Broadcom and Qualcomm. This move could signal potential changes or strategic shifts within Qorvo.
January 17, 2025 | 12:15 am
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Starboard Value has acquired a 7.7% stake in Qorvo, indicating potential strategic changes or influence by the activist firm.
Starboard Value's significant stake in Qorvo suggests potential influence on the company's strategic direction, which could positively impact the stock price as investors anticipate changes.
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