RFMD(R) Selected to Supply High Performance Cellular Switches to Leading Smartphone ManufacturerGREENSBORO, N.C.,
March 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 the Company has been selected by a leading manufacturer of
smartphones to supply its high performance RF1450 single-pole 4-throw (SP4T)
switch into an upcoming multi-featured CDMA smartphone device. RFMD's RF1450
will operate as the antenna switch in the CDMA smartphone and was selected
over a competing part due to its robust performance and superior linearity.
The dual-band CDMA smartphone is expected to launch in the second half of
calendar 2009 and target the consumer smartphone market.
The new design win for RFMD® represents the first new business the
Company has won at this growing smartphone manufacturer in multiple years.
RFMD expects the design win will support its diversification efforts across
customers and air interface standards and bolster its growth expectations in
smartphones in calendar 2009. The design win is also expected to support
RFMD's ongoing efforts at this smartphone manufacturer to secure additional
business across multiple RFMD product portfolios, including 3G transmit
systems, cellular front ends, cellular switches, GPS LNA/filter modules,
DC-to-DC converters and WLAN components.
RFMD enjoys a leading share in smartphones and in feature-rich 3G
multimode devices. More than 30% of RFMD's front end revenue in the December
2008 quarter was in support of 3G devices.
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.
03/25/2009
CONTACT:
Doug DeLieto, VP, Investor Relations, 1-336-678-7968, or
Jerry
Neal, Executive Vice President, +1-336-678-7001,
both of RFMD
Web Site: http://www.rfmd.com
(RFMD)