We are advising Qorvo on the matter

Davis Polk advised Qorvo, Inc. on its negotiated resolution with Starboard Value LP pursuant to which Qorvo resolved to increase the size of its Board of Directors from nine to 10 directors and to include Peter A. Feld as one of Qorvo’s director nominees in its proxy statement for the Qorvo 2025 annual meeting of stockholders. Given Qorvo’s intention to nominate Mr. Feld, Starboard Value LP has agreed to rescind its nomination notice.

Qorvo supplies innovative semiconductor solutions that make a better world possible. The company combines product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve its customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure, and mobile. Qorvo’s shares are listed on Nasdaq under the symbol “QRVO.”

Peter A. Feld is a Managing Member, Portfolio Manager and Head of Research of Starboard Value LP since April 2011, and has significant expertise serving as a shareholder representative on numerous technology company boards that have created substantial value for shareholders.

The Davis Polk corporate team included partners Paul S. Scrivano and Ning Chiu, counsel Kris D. Desrosiers and John H. Runne and associates Rebecca Lei, Dove Barbanel and Kathryn Parsons. The executive compensation team included partner Jennifer S. Conway and counsel Charlotte R. Fabiani. Partner Rory A. Leraris provided litigation advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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