RFMD Selected to Supply High Performance Cellular SwitchesGREENSBORO, N.C., March 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
to Leading Smartphone Manufacturer
that the Company has been selected by a leading manufacturer of smartphones to supply its high performance RF1450 single-pole 4-throw (SP4T) switch into an upcoming multi-featured CDMA smartphone device. RFMD's RF1450 will operate as the antenna switch in the CDMA smartphone and was selected over a competing part due to its robust performance and superior linearity. The dual-band CDMA smartphone is expected to launch in the second half of calendar 2009 and target the consumer smartphone market.
The new design win for RFMD(R) represents the first new business the Company has won at this growing smartphone manufacturer in multiple years. RFMD expects the design win will support its diversification efforts across customers and air interface standards and bolster its growth expectations in smartphones in calendar 2009. The design win is also expected to support RFMD's ongoing efforts at this smartphone manufacturer to secure additional business across multiple RFMD product portfolios, including 3G transmit systems, cellular front ends, cellular switches, GPS LNA/filter modules, DC-to-DC converters and WLAN components.
RFMD enjoys a leading share in smartphones and in feature-rich 3G multimode devices. More than 30% of RFMD's front end revenue in the December 2008 quarter was in support of 3G devices.
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)