RF Micro Devices Receives Award for 'Successful Enterprises/Most Promising Enterprises in China's Semiconductor Market for 2009'Award Presented By China's Ministry Of Industry And Information Technology
And China's Semiconductor Industry Association At 2009 China Semiconductor
Market Conference
SHANGHAI, Feb. 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 that it has received an award for
"Successful Enterprises/Most Promising Enterprises In China's Semiconductor
Market For 2009." The award was presented by officials of China's Ministry of
Industry and Information Technology and China's Semiconductor Industry
Association at the 2009 China Semiconductor Market Conference, held today.
RFMD received the award in recognition of its performance in the China
semiconductor market in 2008 and based upon comprehensive analysis conducted
by CCID Consulting Co., Ltd. (CCID Consulting) related to the China
semiconductor market. The market analysis scored semiconductor enterprises
against six indicators: market competitiveness, corporate growth, cooperation
in applications, market promotion, technical support and growth potential.
CCID Consulting is a direct affiliate of the China Center for Information
Industry Development (CCID Group) and is headquartered in Beijing.
RFMD's operations in China include a state-of-the-art assembly and test
plant in Beijing, an R&D center in Shanghai and sales and technical support
offices in Beijing, Shanghai and Shenzhen. RFMD provides its customers in
China a total solution from design, sales and customer service support,
including field application engineering and failure/reliability analysis, to
manufacturing and supply chain management. RFMD's broad presence in China
enables shortened design and product introduction cycle times and rapid
response to customer demand with localized supply chain management.
Bob Bruggeworth, president and CEO of RF Micro Devices, said, "We are
delighted to receive this prestigious award from China's Ministry of Industry
and Information Technology and China's Semiconductor Industry Association. We
are sharply focused on servicing customers and platform providers in Greater
China, and we are gratified to be recognized for our growing presence in the
China semiconductor market."
According to CCID Consulting, success in the China market has become a
decisive factor in measuring the business performance and growth potential of
a semiconductor company. China is the biggest semiconductor market in the
world and is growing at a rate twice as fast as the global market.
About RFMD
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, the risk that the actual
amount and impact of the non-cash impairment charges may vary from estimates,
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 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.
SOURCE RF Micro Devices, Inc.
-0- 02/25/2009
/CONTACT: At RFMD, Doug DeLieto, VP, Investor Relations, +1-336-678-7968,
or Jerry Neal, Executive Vice President, +1-336-678-7001/
/Web Site: http://www.rfmd.com /
(RFMD RFMD)
CO: RF Micro Devices, Inc.; 2009 China Semiconductor Market Conference
ST: China
IN: SEM ECP CPR
SU: AWD ASI TDS
PR
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5058 02/25/2009 08:00 EST http://www.prnewswire.com