Apple supplier Qorvo recently announced that it has reached a definitive agreement to sell its closed test plants in Beijing and Dezhou, Shandong Province, to Lichun Precision, a transaction that is expected to close in the first half of next year. According to Qorvo, upon completion of the transaction, Risun will take over the operations and assets of the two plants, including property, plant and equipment, as well as existing employees. Qorvo will continue to maintain sales, engineering and customer support staff in China. In addition, under a new long-term supply agreement, Ritzen will package and test products for Qorvo.

Grant Brown, Qorvo's chief financial officer, said: "This transaction helps us reduce our capital intensity while supporting our long-term gross margin objectives and ensuring business continuity for our customers in China." He noted that the Beijing and Dezhou plants mainly support Qorvo's integrated advanced wireless network products.

The decision attracted a lot of attention, especially considering that Qorvo is one of Apple's largest customers, accounting for 37 percent of revenue.  This transaction means that Qorvo will be better positioned to respond to changes in the Chinese market and ensure the steady development of its business by transferring the operation of the closed test plant to Licun.

Upon completion of the transaction, Lichun Precision will take over Qorvo's closed test plants in Beijing and Dezhou, Shandong Province, which include a variety of assets, from real estate to equipment, and the corresponding staff team. Lisun is a leading sealed test service provider in China, known for its expertise in the field of semiconductor sealed test. This acquisition will further consolidate Liccom's position in the semiconductor industry, providing it with more business opportunities and the possibility of technical cooperation.

Qorvo stressed that they will continue to maintain sales, engineering and customer support teams in China, which shows their long-term commitment to the Chinese market. This is also out of confidence in the development potential of China's semiconductor industry and a vision for future business cooperation. In the constantly changing and competitive market context of the semiconductor industry, maintaining resilience and collaboration will be key to the success of companies.

In general, Qorvo has demonstrated its keen insight and flexibility in responding to changes in the Chinese market by selling the closed test plant to Lichun Precision. This transaction will both help Qorvo optimize its capital structure and provide Licxun with further development opportunities in the semiconductor industry. With the continuous rise of China's semiconductor market, the cooperation between Qorvo and Licxun will show a closer bond in the future and inject new vitality into the development of the global semiconductor industry.