Financial Releases
RFMD(R) Announces High Volume Shipments of 2G Transmit Module for Emerging Market Handsets
2G handsets represent the majority of volume in high-growth emerging markets and are increasingly manufactured using SoC RF solutions. The adoption of SoC solutions in 2G handsets favorably impacts the total addressable market and value proposition for RFMD®, as the higher levels of functionality and systems-level knowledge in RFMD's cellular front ends enhance SoC RF performance. RFMD is uniquely positioned to optimize SoC RF performance and reduce the complexity of SoC-based handset implementation, given the Company's industry leadership in cellular front ends, its deep cellular systems-level expertise and its proven experience supplying hundreds of millions of cellular transceivers to leading handset manufacturers.
RFMD's RF3283CR contains a cellular power amplifier, a pHEMT antenna switch and harmonic filtering designed to reduce VCO pulling and enhance overall system performance. The RF3283CR also features RFMD's TRP-enhanced PowerStar integrated power control technology, which reduces current variation by approximately 50% into non-ideal (3:1) loads, also known as "antenna mismatch," thus easing handset implementation for OEMs seeking improved TRP and SAR performance. Importantly, the RF3283CR delivers best-in-class harmonic emissions and insertion loss performance, which are critical front end parameters when mated with system-on-chip (SoC) solutions.
RFMD's RF3283CR delivers pin-to-pin compatibility with its highly successful, high-volume predecessor, thereby easing implementation and accelerating time-to-market of 2G handsets for leading handset development teams. RFMD expects sequential growth in shipments of the RF3283CR in the December 2008 and March 2009 quarters. Additionally, RFMD expects to release multiple new products in support of SoC solutions in fiscal 2010.
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 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, 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 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.
11/12/2008
CONTACT:
Dean Priddy, CFO, 1-336-678-7975, or Doug DeLieto, VP,
Investor Relations, 1-336-678-7968, or Jerry Neal EVP, Marketing and
Strategic Development, 1-336-678-7001, all of RFMD
Web Site: http://www.rfmd.com
(RFMD RFMD)