Qorvo faces a shake-up as Starboard takes a big stake, while onsemi makes a bold $115M semiconductor power move.

Activist investor Starboard Value has amassed a stake in chip maker Qorvo that’s worth billions of dollars, according to a report from The Wall Street Journal. Starboard owns 7.7% of Qorvo, the Journal said,

The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.