Qorvo recently announced that it has signed a definitive agreement to acquire GreenPeak Technologies. This acquisition of Netherlands-based GreenPeak will allow Qorvo to expand its customer offering to include highly integrated RF solutions and systems-on-a-chip (SoCs) for the connected home and the rapidly growing Internet of Things (IoT).
According to Gartner, Smart Home networking and IoT markets addressed by 802.15.4, ZigBee and Bluetooth Low Energy (BLE) technology are estimated to grow to $2.3 billion by 2020; and related smart markets such as retail, agriculture, automotive, lifestyle and commercial lighting are expected to grow to $4.9 billion by 2020. Beyond smart home networking, demand is growing to connect a variety of devices including HVAC, energy, security, home health, and remote controls utilizing innovative ultra-low power wireless data communication SoCs.
This acquisition will be a big plus for Qorvo as GreenPeak offers a broad range of proprietary antenna diversity and multiple receiver architecture technologies. GreenPeak solutions provides a range of production-ready reference designs that provide robust and best-in-class WiFi interference rejection with no latency. The reference designs allow a quick time to market for integration into smart home and IoT applications. GreenPeak celebrated shipment of its 100 millionth ZigBee chip to the smart home market in 2015.
This acquisition of should complement Qorvo’s portfolio with innovative ultra-low power, short-range wireless personal area network (WPAN) SoCs, ZigBee and Bluetooth solutions. GreenPeak will become a part of Qorvo’s IDP group after acquisition and will be headed by Mr. Cees Links, the current founder & CEO of the company.
