Luxshare Precision to acquire assembly and test facilities in Beijing and Dezhou from Qorvo.

Luxshare Precision, a global advanced contract manufacturer, agreed to acquire assembly and test facilities in Beijing and Dezhou from Qorvo, a connectivity and power solutions provider. Financial terms were not disclosed. “The Beijing and Dezhou facilities have been an important part of our history and manufacturing network for decades. After carefully considering multiple alternatives over the past few years, we feel that we have found the right partner to continue supporting our customers from these factories. Given Luxshare’s scale and well-established, high volume manufacturing competency, we are confident that they will ensure continuity, maintain high levels of quality, and be another outstanding strategic partner in our supply chain that allows us to serve our customers worldwide,” Bob Bruggeworth, Qorvo President and CEO.