Luxshare Precision acquires Qorvo factory, expects RF front-end module manufacturing capabilities to have multiple development opportunities

Luxshare Precision acquired Qorvo's factory with the aim of developing manufacturing capabilities for RF front-end modules. It is expected that in the next year and a half, the existing business will steadily increase, and there will also be opportunities in new products and new customers. Compared with Qorvo's existing business, the company expects to have multiple development opportunities in the future. The company expects to achieve 8.85 billion to 9.22 billion yuan attributable to the parent in the first three quarters, a year-on-year increase of 20% to 25%. The 24H1 automotive business revenue achieved a year-on-year growth of +48.3%. By increasing market share and opening up outlets, the company expects the subsequent automotive business to maintain rapid growth.