RF Micro Devices® Press Release - October 14, 2009
RFMD Secures Multiple Design Wins for GPS LNA ModuleSwitch And Signal Conditioning Product Portfolio Significantly Expands RFMD's Dollar Content Opportunity
GREENSBORO, N.C., October 6, 2009 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance semiconductor components, today announced RFMD has secured multiple high-volume design wins for its RF2815 GPS LNA module. The design wins are in support of multiple upcoming 3G smartphones and 3G data cards, and volume production is expected to commence in RFMD's December 2009 quarter, with a significant increase in volume anticipated in calendar year 2010.
The design wins represent a significant milestone for RFMD as they supplement the Company's revenue growth in power amplifiers/transmit modules and highlight the ongoing positive design activity achieved by RFMD's Switch and Signal Conditioning product line (SSCPL) since its formation in 2007. The incremental content opportunity available to RFMD's SSCPL is significantly expanding RFMD's total addressable market (TAM) and bolstering RFMD's customer and channel partner relationships by extending RFMD's support for the entire RF front end (transceiver to antenna interface).
RFMD's RF2815 is currently designed into 3G smartphones and 3G data cards manufactured by customers in China, Europe, Korea, North America and Taiwan. The positive design activity supports RFMD's market and customer diversification efforts and is currently expected to reach revenue levels of multiple millions of dollars per quarter as early as the March 2010 quarter.
RFMD is a leading provider of GSM/GPRS, EDGE and 3G transmit modules and power amplifiers to global manufacturers of handsets, smartphones and data cards. RFMD expects to expand its dollar content opportunity in both the power amplifier/transmit module and switch and signal conditioning segments in calendar year 2010.
The RF2815 integrates a low noise-figure LNA, output SAW filter and supporting components in a compact 3.3 x 2.1 x 1.0 mm module. The highly integrated RF2815 is optimized for both solution size and performance and is designed for battery-powered mobile devices, such as portable navigation devices (PNDs) and GPS-enabled handsets, requiring high sensitivity.
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 impact of global macroeconomic and credit conditions on our business, 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.
VP, Investor Relations
or Jerry Neal
Executive Vice President
+1-336-678-7001, both of RFMD
Web Site: http://www.rfmd.com
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