RF Micro Devices® Press Release - 2/18/2009
Award Presented By China's Ministry Of Industry And Information Technology And China's Semiconductor Industry Association At 2009 China Semiconductor Market Conference
SHANGHAI, Feb. 25 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, today announced that it has received an award for "Successful Enterprises/Most Promising Enterprises In China's Semiconductor Market For 2009." The award was presented by officials of China's Ministry of Industry and Information Technology and China's Semiconductor Industry Association at the 2009 China Semiconductor Market Conference, held today.
RFMD received the award in recognition of its performance in the China semiconductor market in 2008 and based upon comprehensive analysis conducted by CCID Consulting Co., Ltd. (CCID Consulting) related to the China semiconductor market. The market analysis scored semiconductor enterprises against six indicators: market competitiveness, corporate growth, cooperation in applications, market promotion, technical support and growth potential. CCID Consulting is a direct affiliate of the China Center for Information Industry Development (CCID Group) and is headquartered in Beijing.
RFMD's operations in China include a state-of-the-art assembly and test plant in Beijing, an R&D center in Shanghai and sales and technical support offices in Beijing, Shanghai and Shenzhen. RFMD provides its customers in China a total solution from design, sales and customer service support, including field application engineering and failure/reliability analysis, to manufacturing and supply chain management. RFMD's broad presence in China enables shortened design and product introduction cycle times and rapid response to customer demand with localized supply chain management.
Bob Bruggeworth, president and CEO of RF Micro Devices, said, "We are delighted to receive this prestigious award from China's Ministry of Industry and Information Technology and China's Semiconductor Industry Association. We are sharply focused on servicing customers and platform providers in Greater China, and we are gratified to be recognized for our growing presence in the China semiconductor market."
According to CCID Consulting, success in the China market has become a decisive factor in measuring the business performance and growth potential of a semiconductor company. China is the biggest semiconductor market in the world and is growing at a rate twice as fast as the global 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.
RF MICRO DEVICES(R), RFMD(R) and FastWave(TM) 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. 01/20/2009
CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968,
or Jerry Neal, Executive Vice President, +1-336-678-7001, both of RFMD
Web Site: http://www.rfmd.com (RFMD RFMD)
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