U.S. Chipmaker Qorvo Sells China Facilities in Supply Chain Revamp

American chipmaker Qorvo has agreed to sell its assembly and test facilities in China to contract manufacturer Luxshare Precision Industry Co. Ltd., amid a broader supply chain revamp of the U.S. semiconductor industry.

Qorvo has reached a definitive agreement with the Chinese company Luxshare to sell operations and assets of Qorvo’s two facilities in Beijing and Dezhou, Shandong province, said the wireless connectivity chip manufacturer in a Monday statement. The sale includes the property, plant and equipment, as well as the existing workforce to allow operations to continue.