RF Micro Devices (RFMD) - Press Release 9-29-2008
RFMD® Opens New Customer Support Center in Bangalore
RFMD Positioned to Capitalize on the Growing RF Component Market in India
GREENSBORO, N.C., Sept. 29 /PRNewswire-FirstCall/ -- RF Micro Devices, (Nasdaq: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, today announced the opening of a customer support center in Bangalore, India. The new customer support center in Bangalore highlights RFMD's large presence in Asia and underscores the Company's commitment to one of world's fastest growing markets for RF semiconductor components.RFMD's Bangalore customer support center houses applications engineering, customer service, sales management and technical sales. The Bangalore center significantly expands RFMD's ability to support regional manufacturers in Greater India, who are increasingly developing leading-edge products for wireless and other applications. The available customer base in India spans multiple growth markets, including aerospace and defense, broadband, cellular, WiFi and WiMAX, and wireless infrastructure.Greg Thompson, RFMD's vice president of sales for its Multi-Market Products Group, said, "The opening of RFMD's newest customer support center demonstrates our strong commitment to providing local support to regional customers in high-value growth markets. Our Bangalore center will provide product designers in India with real-time access to our world-class technical support; this center will also provide assistance to a wide range of customers as they drive greater levels of functional integration in RF applications across multiple growth segments. We are excited to offer customers in India greater access to the most diverse portfolio of RF components available."The Indian Semiconductor Association (ISA) forecasts the semiconductor market in India will increase 29.9 percent annually to US$36 billion in sales by 2015, primarily as a result of growth in the design, development and consumption of electronic devices. The ISA forecasts the semiconductor market in India will total US$5.5 billion in 2009, up from US$2.7 billion in 2007. Since the opening of RFMD's first office in Taiwan in 2000, RFMD has continued to expand its presence in Greater Asia. With the opening of the Bangalore center, RFMD employs nearly 100 sales, applications engineering and customer service employees working in seven customer support centers throughout Asia.About RFMD: RF Micro Devices, Inc. (Nasdaq GS: 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.