RFMD(R) Ranks No. 1 in Global Ranking of Mobile Phone Power Amplifiers and Front...
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RFMD(R) Ranks No. 1 in Global Ranking of Mobile Phone Power Amplifiers and Front
End Modules
GREENSBORO, N.C., April 6, 2010 (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, announced
today that Gartner Dataquest has recognized RFMD as the worldwide leading
supplier of mobile phone power amplifiers and front end modules, based on
revenue, and the worldwide leading supplier of mobile phone RF devices, based on
revenue, for 2009.
According to the March 29, 2010 report, "Market Share Analysis: Mobile Phone
Application-Specific Semiconductors, Worldwide, 2009," RFMD maintained its
number one position in both categories. Also in the report, Gartner Dataquest
identified RFMD as the world's 8th largest supplier of overall mobile phone
application-specific semiconductors in 2009, based on revenue. RFMD's 2009
revenue in the category increased to $712 million, according to Gartner
Dataquest, highlighting RFMD as one of only four companies in Gartner
Dataquest's report to achieve year-over-year growth in this category.
Eric Creviston, President of RFMD's Cellular Products Group (CPG), said, "We
believe Gartner Dataquest's independent research findings highlight RFMD's
product leadership and the continued success of our customer diversification
efforts. We are committed to expanding our leadership position in cellular RF
components by delivering breakthrough products and leveraging our relationships
with the world's top-tier mobile device manufacturers and cellular platform
providers."
RFMD is capitalizing on major global secular growth trends and continues to
enjoy strength in CPG, supported by strong 2010 handset unit volumes, expanded
participation across customer and channel partner programs and increasing
adoption of connected devices, including smart phones and 3G devices.
Additionally, RFMD's Multi-Market Products Group (MPG) is seeing a broad-based
recovery across its diversified end-markets, led by applications in SmartEnergy
AMI, Defense and Power, Point-to-Point Backhaul, WiMAX/WiFi CPE, Electronic Toll
Collection in China, and Catalog/Standard products.
About RFMD
RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and
manufacture of high-performance radio frequency components and compound
semiconductor technologies. 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.
The RF Micro Devices, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6436
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 risks
associated with the impact of global macroeconomic and credit conditions on our
business and the business of our suppliers and customers, variability in
operating results, the rate of growth and development of wireless markets, risks
associated with the reduced investment in our wireless systems business, our
ability to execute on our plans to consolidate or relocate manufacturing
operations, 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
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, raw material costs and
availability, our ability to reduce costs and improve margins in response to
declining average selling prices, 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,
dependence on gallium arsenide (GaAs) for the majority of our products, 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(R) and RFMD(R) 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.
Douglas DeLieto, VP of Investor Relations
336-678-7088
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