RF Micro Devices® Press Release - November 19, 2009
RFMD Selected by Leading Smartphone Manufacturer to Supply High Performance Cellular Switch
RFMD'S RF1130 Designed Into Two CDMA Smartphones to be Introduced in 2010
GREENSBORO, N.C., Nov 19, 2009 (GlobeNewswire via COMTEX News Network) -- RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance RF components and compound semiconductors, today announced that RFMD has been selected by a leading manufacturer of smartphones to support two upcoming CDMA smartphones.
RFMD will supply its high performance RF1130 single-pole 3-throw (SP3T) cellular switch into two upcoming models targeting the consumer smartphone market. The first device is expected to launch in the first half of calendar 2010, and shipments of the RF1130 are expected to commence in the March 2010 quarter.
Mike DeHaan, general manager of RFMD's Switch and Signal Conditioning business unit, said, "We are pleased to support this leading smartphone manufacturer with our RF1130 cellular switch, and we look forward to expanding our relationship through additional design opportunities across our RF Components and Switch and Signal Conditioning product portfolios. As new 3G/4G air interface standards are added and cellular devices increase in RF complexity, our expanding product portfolio and wide technology base enable RFMD to uniquely satisfy the technical requirements of tomorrow's smartphones and battery-powered multimedia devices."
The design win is expected to support RFMD's diversification efforts across customers and air interface standards. RFMD is engaged at this leading smartphone manufacturer to secure incremental business opportunities across 3G front ends, cellular switches, RF power management and WLAN components.
RFMD enjoys a leading share in smartphones and expects its revenue growth in smartphones in calendar 2010 will significantly exceed the rate of growth of the handset market.
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