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Qorvo appoints new directors amid activist investor pressure for change
Qorvo has appointed Richard Clemmer and Christopher Koopmans as independent directors, responding to activist investor Starboard Value's push for changes to enhance shareholder value amid a 38% decline in share price. This board expansion aims to leverage their industry expertise to address operational and strategic challenges in the semiconductor sector, particularly as the smartphone chip market faces slowing demand and structural shifts.
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