Qorvos (QRVO) New Solution to Enhance Efficiency of IoT Devices
Summary
The new communications controller for IoT end devices offers support for multiple ultra-low power wireless protocols simultaneously and is based on the company’s ConcurrentConnect technology. Further, the latest offering can be integrated with its software development kit, to aid manufacturers in devising advanced IoT devices that concurrently manage data traffic from multiple protocols or standards without latency. We believe Qorvo is poised to gain traction with the new controller as it simultaneously supports all major wireless protocols to aid designers and homeowners to ensure seamless connectivity despite addition of new devices, and no missed signals. It is enabling the acquirer to boost UWB system solutions capabilities and bolster design expertise with focus on mobile, IoT and automotive end-markets. Other top-ranked stocks in the broader technology sector are Skyworks Solutions SWKS, Vishay Intertechnology, Inc. VSH and Ubiquiti Inc. UI, each sporting a Zacks Rank #1 (Strong Buy), at present.