Qorvo Stock Soars as Starboard Value Takes Stake in Chipmaker

1. Starboard Value invests over $536 million in Qorvo, acquiring 7.7% stake. 2. Qorvo shares surged 11% after the investment announcement. 3. The company previously warned of a business slowdown in Q4. 4. Qorvo has faced a 20% decline in shares over the past year. 5. Operational restructuring is being pursued due to reduced cellphone demand.