Financial Releases
RFMD(R) Advances To Number One In Ranking Of Worldwide RF Suppliers
According to the July 2007 report, entitled, "Market Share: Select Semiconductors for Mobile and Cordless Phones, Worldwide, 2006," Gartner also concluded that RFMD increased its 2006 market share as the number-one worldwide supplier of power amplifier and front end modules, based on revenue. RFMD was also ranked sixth largest supplier of select mobile and cordless semiconductor baseband and RF devices, and, for the first time, RFMD was listed on Gartner's ranking of the top ten companies shipping transceivers, worldwide.
Eric Creviston, RFMD Corporate Vice President of Cellular Products, said, "We believe Gartner's independent, third-party research highlights the success of our focus on the RF semiconductor market and our number-one market share in the industry's highest growth, next-generation wireless standards. We anticipate strong sequential revenue growth in next-generation cellular air standards, such as WCDMA/ 3G multimode, as well as continued overall strength across our cellular front end portfolio. We are pleased to enter Gartner's top-ten ranking of transceiver suppliers, and we expect our recently launched POLARIS 3 RF solution will extend our number-one position in RF semiconductors as it ramps this quarter and grows throughout calendar 2008. Additionally, RFMD is the world's leading supplier of wireless local area network (WLAN) front ends for handsets, and we expect our WLAN front end portfolio will contribute increasingly to revenue as WLAN adoption continues to grow.
"Overall, we believe our investments in manufacturing scale, systems-level design expertise, process development and new enabling technologies, such as MEMS, integrated RF shielding and wafer level packaging, are distancing RFMD from other market participants and extending our opportunities for incremental growth in multiple, high-growth markets."
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®, RFMD® and POLARIS TOTAL RADIO are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
CONTACT: RF Micro Devices, Inc.
Doug DeLieto, 336-678-7968
VP, Investor Relations
or
Jerry Neal, 336-678-7001
Executive Vice President
SOURCE: RF Micro Devices, Inc.