Chipmaker Qorvo Settles Board Fight with Starboard Value

Hey, so get this, the chip company Qorvo is going to let this big-time investor guy, Peter Feld from Starboard Value, join their board.

This whole thing kinda puts an end to a little fight they were having, which is cool. Qorvo makes parts for stuff like iPhones, you know, for Apple. Their stock was having a rough time last year, honestly, it dropped a bunch, like 38%! That was because there was a lot of competition and people were buying cheaper phones instead.

But things are looking up now! Their stock is actually up over 10% this year. I guess it's because there's a chance they'll get even more deals to make chips for Apple, which would be pretty awesome for them.

Back in April, Starboard basically said, "Hey, we want Peter Feld on your board," and they even bought a bigger piece of the company. They own a lot now, like 8.9%, and that's worth more than $600 million. To put that in perspective, the whole company was worth about $7.44 billion recently.

Peter Feld is a big deal at Starboard, like the boss of research and manages money there. Before all this, Qorvo actually added a couple of other new people to their board too, guys from other tech companies like NXP and Marvell. Starboard first showed they owned a piece of Qorvo back in January, about 7.7% then. That was worth over $500 million at the time, so they've definitely bought more since then.

Starboard, led by a guy named Jeffrey Smith, is known for shaking things up at companies. They've done it with big names like Pfizer and Salesforce, so it'll be interesting to see what happens with Qorvo. Maybe they'll push for some changes? If you're ever curious about getting some expert help with stuff like investing or even writing, you could always check out Fiverr. There are tons of freelance pros there who can lend a hand with all sorts of things.