Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems and solutions for applications that drive wireless and broadband communications, as well as foundry services. The company, which trades on NASDAQ, was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. The headquarters for the company originally were in both Hillsboro, Oregon (home of TriQuint), and Greensboro, North Carolina (home of RFMD), but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters. Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices (RFMD). In June 2015, the new company became a component of the S&P 500, replacing tobacco company Lorillard. At the time of joining the S&P 500, Qorvo was valued at $12 billion. As of mid-2016, the Oregon plant alone was employing almost 1,000 people. Pronounced "kor-vo", the name is intended to reflect the "core technologies and innovations" the companies plan to enable following their combination. The names first syllable is meant to evoke "chorus" – people (TriQuint and RFMD) working in unison, as well as "core" technology. The second syllable, "vo", is meant to indicate voyage or travel through air or space.