RFMD® Achieves Point-To-Point Radio Shipment Milestone
Company Expects Continued Growth In Microwave Radio Applications
NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. (Nasdaq: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, announced at its fourth annual Analyst Day today that RFMD(R) has shipped its 1,000,000th integrated circuit (IC) for high performance microwave point-to-point (PTP) radio applications. RFMD's microwave PTP radios are used in multiple applications, including broadband communications and cellular backhaul networks.
According to John Pelose, general manager of RFMD's Wireless Infrastructure business unit, "The shipment of our 1,000,000th integrated circuit for point-to-point applications underscores the breadth of our PTP portfolio and the increasing capabilities of RFMD's Wireless Infrastructure business unit. RFMD now offers a broad portfolio of high frequency amplifiers and radio chipsets operating up to 26 GHz. Our expanded capabilities in microwave radio applications are fostering new growth opportunities for RFMD, not only in PTP radios, but also in Aerospace & Defense."
RFMD extended its microwave IC product portfolio with the acquisition of Filtronic Compound Semiconductors Ltd In February, 2008, and continues to strengthen its PTP product portfolio today. RFMD currently offers the industry's broadest portfolio of RF components for microwave PTP radio applications, including radio chipsets, monolithic microwave integrated circuit (MMIC) amplifiers, discrete transistors, high-power high-frequency switches and signal sources (voltage controlled oscillator (VCO) and phase lock loop (PLL) modules).
The demand for microwave PTP radios in cellular backhaul applications continues to grow, as cellular infrastructure networks support global increases in minutes-of-use (MOU) for voice and data services, such as mobile video. In cellular backhaul networks, PTP radios are used to wirelessly connect cellular base stations to a mobile operator's core network, providing an alternative to the more costly and throughput-limited leased line transport approach. Moreover, PTP radios continue to migrate to higher carrier frequencies in order to support increased data rates in backhaul applications. In addition to cellular infrastructure, new markets for PTP radios include trunking, enterprise networks, broadcast networks and last mile access.
About RFMD: RF Micro Devices, Inc. (Nasdaq: RFMD) is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with our planned exit from our wireless systems business, including cellular transceivers and GPS solutions, the risk that restructuring charges may be greater than originally anticipated and that the cost savings and other benefits from the restructuring may not be achieved, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
SOURCE RF Micro Devices, Inc. 11/12/2008
Dean Priddy, CFO, 1-336-678-7975, or Doug DeLieto, VP,
Investor Relations, 1-336-678-7968, or Jerry Neal EVP, Marketing and
Strategic Development, 1-336-678-7001, all of RFMD
Web Site: http://www.rfmd.com