RF Micro Devices® Responds to Patent Infringement Claim
February 16, 2012 Press Release
NC, February 16, 2012 – RF Micro Devices, Inc. (Nasdaq GS: RFMD), a
global leader in the design and manufacture of high-performance radio
frequency components and compound semiconductor technologies, today
responded to the filing of a patent infringement lawsuit by Peregrine
Semiconductor Corporation relating to radio frequency integrated circuits
(RFICs) and switching technology. RF Micro Devices has a strong intellectual
property portfolio relating to RFICs and switching technology that it
has developed over many years, and RFMD intends to vigorously defend
its position in this lawsuit.
As a leading technology company,
RFMD respects the intellectual property rights of others and takes care
to avoid infringements. RFMD is fully committed to its entire product
portfolio, and all RFMD products will continue to be provided to RFMD’s
customers without interruption while this lawsuit is being contested.
RF Micro Devices, Inc. (Nasdaq GS: 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
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 and registered trademarks are the property of
their respective owners.
VP, Investor Relations
At The Financial Relations Board
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