RF Micro Devices® Press Release - April 6, 2010
RFMD Ranks No. 1 in Global Ranking of Mobile Phone Power Amplifiers and Front End Modules
GREENSBORO, N.C., Apr 6, 2010 (GlobeNewswire via COMTEX News Network) -- RF Micro Devices, Inc. (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, announced today that Gartner Dataquest has recognized RFMD as the worldwide leading supplier of mobile phone power amplifiers and front end modules, based on revenue, and the worldwide leading supplier of mobile phone RF devices, based on revenue, for 2009.
According to the March 29, 2010 report, "Market Share Analysis: Mobile Phone Application-Specific Semiconductors, Worldwide, 2009," RFMD maintained its number one position in both categories. Also in the report, Gartner Dataquest identified RFMD as the world's 8th largest supplier of overall mobile phone application-specific semiconductors in 2009, based on revenue. RFMD's 2009 revenue in the category increased to $712 million, according to Gartner Dataquest, highlighting RFMD as one of only four companies in Gartner Dataquest's report to achieve year-over-year growth in this category.
Eric Creviston, President of RFMD's Cellular Products Group (CPG), said, "We believe Gartner Dataquest's independent research findings highlight RFMD's product leadership and the continued success of our customer diversification efforts. We are committed to expanding our leadership position in cellular RF components by delivering breakthrough products and leveraging our relationships with the world's top-tier mobile device manufacturers and cellular platform providers."
RFMD is capitalizing on major global secular growth trends and continues to enjoy strength in CPG, supported by strong 2010 handset unit volumes, expanded participation across customer and channel partner programs and increasing adoption of connected devices, including smart phones and 3G devices. Additionally, RFMD's Multi-Market Products Group (MPG) is seeing a broad-based recovery across its diversified end-markets, led by applications in SmartEnergy AMI, Defense and Power, Point-to-Point Backhaul, WiMAX/WiFi CPE, Electronic Toll Collection in China, and Catalog/Standard products.
RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies. 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 risks associated with the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, variability in operating results, the rate of growth and development of wireless markets, risks associated with the reduced investment in our wireless systems business, our ability to execute on our plans to consolidate or relocate manufacturing operations, our reliance on inclusion in third party reference designs for a portion of our revenue, our ability to manage channel partner and customer relationships, 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, raw material costs and availability, our ability to reduce costs and improve margins in response to declining average selling prices, 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, dependence on gallium arsenide (GaAs) for the majority of our products, 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 and statements 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.
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RF Micro Devices, Inc.
VP, Investor Relations