Robert Bruggeworth
President and Chief Executive Officer at Qorvo
Thanks, Doug and welcome everyone to our call. Qorvo delivered fiscal third quarter results above the midpoint of the outlook we provided November 3rd on our earnings call. Demand during the quarter was broad based across markets, included multiple new product categories including 5G transient [Phonetic] diversity, Ultra-Wideband, Wi-Fi 6E and 7 power management and other power solutions.
In mobile products, Qorvo game content in flagship and mass market 5G devices. The fundamental challenges in increased complexity lifting 5G content are being driven by network efficiency and carry requirements for the device architectures. In addition to new 5G bands, requirements are increasing for carrier aggregation, band combinations in both the transmit and receive to maximize bandwidth to and from the device. These are long-term trends impacting 5G devices independent of tier.
In addition, new industrial designs like foldable phones are increasing RF challenges demanding more advanced antenna management systems. Lastly, because Qorvo smartphone portfolio includes cellular RF, ETP mix, Wi-Fi and emerging categories like Ultra-Wideband and MEMS-based sensors, Qorvo can participate broadly across OEMs, product tiers and chipset providers.
Qorvo offers a broad portfolio of key enabling technologies and Qorvo stands to benefit as connectivity continues to proliferate. More currently, Qorvo is leveraging the same competencies that placed us at the forefront of connectivity to grow in new markets. In IDP, revenue increased sequentially and growth was broad based across markets.
The integration of the United Silicon Carbide is proceeding well and enhancing our opportunities in higher voltage applications that demand maximum power efficiency. These include EVs, charging stations and renewable energy systems.
Now let's look at some of the quarterly highlights starting with Mobile. For a Korean-based smartphone OEM, we ramp shipments in support of flagship and mass market smartphone launches. We expanded customer sampling of highly integrated main path solutions as well as secondary transmit solutions, which increased content as these architectures are adopted more broadly.
In Ultra-Wideband, we achieved an important strategic milestone, supplying our first complete Ultra-Wideband solution in an Android smartphone. This speaks to the strength of our core technology and highlights the opportunity across the Android ecosystem. For industrial and enterprise applications. we introduced a fully integrated module combining our ultrawideband chipset with Nordic BLE solution to address a wide range of industrial and enterprise applications.
In Wi-fi, design activity continues to be robust. For mobile applications, we secured new Wi-Fi 7 chip on board reference design engagements and began customer sampling of Wi-Fi 7 FEMs offering superior performance and design flexibility.
For home and enterprise applications, we ran Wi-Fi 6E FEMs for mesh networks and released 5-gigahertz iFEMs with BAW filtering for tri-band applications. In cellular infrastructure, Qorvo was selected by base station OEM to supply 3.4 to 3.8 GHz, 8 Watt GaN power amplifier modules for massive MIMO 5G deployments in Europe.
We see infrastructure market strengthening in 2022 worldwide with significant growth in the rest of the world excluding China. In automotive, Qorvo was selected to provide cellular V2X connectivity for a leading Europe-based automotive OEMs. In power, we secured design wins to supply silicon carbide on for on-board chargers and DC to DC converters in support of leading automotive OEMs in Europe and in Asia. Sales of PMICs for video processors and solid-state drives were strong as were sales of motor control solutions for battery power tools. To expand our power franchise, we are combining our power management and silicon carbide technologies to deliver superior levels of power efficiency and high power applications.
Our first products are for the defense industry and we are broadening the portfolio to serve additional markets including infrastructure and automotive. In bio, we were awarded a $4.1 million follow-on contract with the NIH RADx Initiative supporting a COVID flu combo assay and a COVID antigen pooling [Phonetic] application. We also signed a channel partnership agreement for distribution in the US and submitted a CLIA waiver application to the FDA to expand deployment in point-of-care settings.
In both mobile and IDP, Qorvo is capturing diverse opportunities supported by multi-year secular growth drivers in 5G, IoT connectivity, defense and power. We are operating well and expanding the markets we serve while investing to sustain product and technology leadership across our portfolio.
With that, I'll hand the call over to Mark.