Qorvo Stock Plummets After Chipmaker Posts Surprise Loss, Warns of Slump

Key TakeawaysQorvo reported an unexpected loss and warned of a continued slowdown in business for the rest of the fiscal year.The radio frequency and power chipmaker said it was experiencing an "unfavorable mix" shifting to entry-tier Android 5G smartphones at the expense of mid-tier ones.Qorvo added that it was taking steps to address its financial issues, including factory consolidations and cost cuts. Shares of Qorvo (QRVO) plunged more than 25% Wednesday afternoon when the radio frequency and power chip ...