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RF Micro Devices® Press Release - February 28, 2011
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RFMD Celebrates 20 Years of Product and Technology Leadership
GREENSBORO,
N.C., Feb. 28, 2011 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc. (Nasdaq:RFMD),
a global leader in the design and manufacture of high-performance radio
frequency components and compound semiconductor technologies, today
announced it is proudly celebrating its 20th anniversary with commemorative
events planned at Company locations throughout the year. RF Micro Devices
was incorporated on February 27, 1991, and held its initial public offering
on June 3, 1997.
From its earliest days, RFMD has been an innovator
in the semiconductor industry. RFMD was a pioneer in the commercialization
of RF components using gallium arsenide (GaAs) compound semiconductor
technology, and today RFMD is the world's leading manufacturer of GaAs
technology. In the 1990's RFMD was a primary contributor to the rapid
growth in the cellular handset market, and in 2000 RFMD was identified
by Fortune magazine as the second-fastest growing company in America.
In 2004, RFMD became the first semiconductor company to ship one billion
cellular power amplifiers, and today RFMD routinely ships greater than
three million RF components per day.
Since RFMD's founding, the
Company's commitment to product and technology leadership has enabled
it to deliver innovative, breakthrough products that have reshaped their
respective product categories. These have included RFMD's PowerStar®
power amplifiers, RFMD's silicon-based cellular switch technology, RFMD's
PowerSmart™ power platforms, and RFMD's high-power GaN technology. In
2010, RFMD unveiled a revolutionary new RF Configurable Power Core at
the center of its PowerSmart family of power platforms, and, on February
14, 2011, RFMD unveiled a family of cellular power amplifiers delivering
industry-leading peak efficiency.
Bob Bruggeworth, president
and CEO of RFMD, commented, "RFMD has a proven history as a product
and technology leader. While we're proud of our achievements since our
founding, we believe we're just beginning to see the many ways in which
our products and technologies can positively impact the experience of
individuals, companies and markets. The RFMD team is comprised of outstanding
individuals with a shared commitment to product and technology leadership,
and we are very optimistic about our opportunities for revenue growth
and strong operating results."
RFMD is a global leader in RF
components and compound semiconductor technologies. The Company supplies
its RF components into multiple industries, including cellular handsets,
cellular infrastructure, CATV infrastructure, smart energy, WiFi, and
aerospace and defense. The Company is also investing in new growth markets,
including concentrated photovoltaics (CPV), RF components for automotive
and point-to-point radio applications, and GaN-based power and switching
components for defense and power electronics markets.
RFMD's
strong record of "industry firsts" includes:
- First to commercialize GaAs HBT
- First 6" GaAs manufacturing capability
- First to ship one billion cellular power amplifiers
- First to launch open-loop polar modulation transmit architecture
- First to introduce integrated power control for PAs (PowerStar®)
- First to ship RF components with integrated RF shielding
- First to commercialize high-performance, low-cost CMOS for switch-based
products
- First to commercialize RF configurable power core (PowerSmart™)
- First to exceed 50% peak efficiency in 3G/4G power amplifiers
- First to introduce GaN for CATV amplifier applications
About RFMD 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 operating results, risks associated with the impact of global macroeconomic
and credit conditions on our business and the business of our suppliers
and customers, our reliance on a few large customers for a substantial
portion of our revenue, the rate of growth and development of wireless
markets, our ability to bring new products to market, our reliance on
inclusion in third party reference designs for a portion of our revenue,
our ability to manage channel partner and customer relationships, risks
associated with the operation of our wafer fabrication, molecular beam
epitaxy, assembly 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, raw material costs
and availability, our ability to reduce costs and improve margins in
response to declining average selling prices, our ability to adjust
production capacity in a timely fashion in response to changes in demand
for our products, dependence on gallium arsenide (GaAs) for the majority
of our products, dependence on third parties, and substantial reliance
on international sales and operations. 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.
CONTACT: Douglas DeLieto VP of Investor
Relations RF Micro Devices 336-678-7088
Posted
2/28/2011
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