RF Micro Devices® Press Release - March 8, 2011
RFMD Expands Portfolio of Industry-Leading 5GHz WiFi Front End Modules
(FEMs) for Handsets, Smartphones and Tablets
-- RFMD's WiFi FEMs Address Wide Range of High-Performance Applications
Explosive Growth in WiFi End Markets
N.C., March 8, 2011 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD),
a global leader in the design and manufacture of high-performance radio
frequency components and compound semiconductor technologies, today
announced the expansion of its industry-leading 5 GHz WiFi product portfolio
to include three new 5 GHz high-band WiFi front end modules (FEMs) with
integrated power amplifiers (PAs). The three new 5 GHz FEMs — the RF5686,
the RF5506, and the RF5516 -- deliver industry-leading high power and
high linearity and are optimized for the rapidly growing smartphone
and tablet markets.
The global WiFi market is growing rapidly and is forecast to represent
a greater than $1 billion total addressable market (TAM) by 2014. Adoption
of dual-band WiFi (2.4 GHz/5 GHz) in handsets is estimated to increase
from approximately 25% of all handsets in 2011 to approximately 50%
of all handsets in 2012, with increasing emphasis on the 5 GHz band
for use in 3G/4G smartphones. The anticipated growth in tablet devices
is also forecast to support 5 GHz FEM adoption, as mobile WiFi chipsets
for tablets increasingly adopt dual-band functionality.
the growing market demand, RFMD has developed industry-leading FEMs
with high levels of integration, small package sizes, and best-in-class
linearity performance. RFMD offers a broad portfolio of highly integrated
FEMs that include the PA, the switch, filtering, baluns and an optional
low noise amplifier (LNA) for both single-band (2.4 GHz or 5 GHz) and
dual- band (2.4 GHz/5 GHz) operation. RFMD's WiFi product portfolio
also includes discrete PAs, switches and switch/LNA products that support
integrated chipset solutions.
Bob Van Buskirk, president of RFMD's
Multi-Market Products Group (MPG), said, "RFMD forecasts the WiFi market
will expand significantly as dual-band adoption increases and as volume expands
across a variety of end markets, including smartphones, tablets, home
automation, WiFi TV, automotive and personal computing. Because carrier
requirements continue to demand higher power levels, this is placing
an even greater focus on product performance and increasing the reliance
on RFMD's core technology and product development capabilities."
Samples and production quantities of the RF5686, RF5506, and RF5516
are available now through RFMD sales representatives and through the
RFMD online store at www.rfmd.com.
Product brochures are available and can be downloaded from RFMD's website
or by contacting RFMD at 336-664-1233.
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 operating results, risks associated with the impact of global macroeconomic
and credit conditions on our business and the business of our suppliers
and customers, our reliance on a few large customers for a substantial
portion of our revenue, the rate of growth and development of wireless
markets, our ability to bring new products to market, 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, molecular beam
epitaxy, assembly 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 adjust
production capacity in a timely fashion in response to changes in demand
for our products, dependence on gallium arsenide (GaAs) for the majority
of our products, dependence on third parties, and substantial reliance
on international sales and operations. 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.
RF MICRO DEVICES®
and RFMD® are trademarks of RFMD, LLC. All other trade names, trademarks
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VP of Investor
RF Micro Devices