Financial Releases
RFMD(R) Advances in Ranking of Global Wireless Semiconductor Vendors According to Leading Research Firm
According to the May 2007 report entitled, "Dataquest Insight: Semiconductor Vendor Performance, 2006,"(1)Gartner attributes RFMD's 44% growth in its wireless applications revenue from 2005 to 2006 to its POLARIS TOTAL RADIO RF solutions and power amplifier module businesses. The report continues to say that mobile phones accounted for an estimated 75% of total wireless application revenue in 2006 and that the high growth of 3G handsets in 2006 with their relatively higher semiconductor content was a strong contributor to high wireless growth.
"Gartner's research findings underscore our market leadership in cellular RF solutions and our share-gain opportunities in other high-growth wireless markets," said Bob Bruggeworth, president and CEO of RFMD. "RFMD is the leading supplier of cellular front ends across all tiers of handsets - from the high-end EDGE and 3G segments to the entry level and replacement segments of the handset market. As the cellular RF leader, we are uniquely positioned to increase our RF semiconductor content in mobile devices as 3G multimode handsets proliferate, new subscribers are added and new replacement phones are purchased.
"Beyond handsets, the same core competencies that have supported our success in cellular are driving our opportunities in wireless LAN (WLAN), infrastructure, GPS and other complementary markets. Our investments in manufacturing scale, world-class engineering and design expertise, process development and new enabling technologies, such as MEMS and wafer level packaging, are distancing RFMD from other market participants and extending our opportunities for incremental growth in diverse, high-growth market segments."
About RFMD: RF Micro Devices, Inc. (NASDAQ: RFMD) is a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications. RFMD's power amplifiers, transmit modules, cellular transceivers and system-on-chip (SoC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in current- and next-generation mobile handsets, cellular base stations, wireless local area networks (WLANs) and global positioning systems (GPS). Recognized for its diverse portfolio of state-of-the-art semiconductor technologies and vast RF systems expertise, RFMD is a preferred supplier enabling the world's leading mobile device manufacturers to deliver advanced wireless capabilities that satisfy current and future market demands.
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 rate of growth and development of wireless markets, 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 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 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.
(1)Gartner, Inc., "Dataquest Insight: Semiconductor Vendor Performance, 2006" by John Barber et al, May 10, 2007.
SOURCE: RF Micro Devices, Inc.
RF Micro Devices, Inc.
Jack Hopkins, +1-336-678-8940
Director Corporate Communications
or
Doug DeLieto, +1-336-678-7968
VP, Investor Relations