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RF Micro Devices® Press Release - January 26, 2011
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RFMD Receives First Production Orders for PowerSmart™ Power Platforms
GREENSBORO,
N.C., Jan. 26, 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 has received its first volume production orders for its
PowerSmart™ power platforms. The production orders are in support of
a highly anticipated smartphone and tablet product family to be launched
by a leading cellular handset manufacturer beginning in the March, 2011,
quarter.
Eric Creviston, president of RFMD's cellular products
group (CPG), said, "RFMD's PowerSmart power platforms are a new product
category reshaping the future of multimode, multi-band cellular RF architectures.
PowerSmart power platforms feature a revolutionary new RF Configurable
Power Core™ that delivers multiband, multi-mode coverage of all cellular
communications modulation schemes, including 2G, 3G and 4G, up to LTE
64QAM."
In addition to the RF Configurable Power Core, which
performs all power amplification and power management functionality,
RFMD's PowerSmart power platforms also include all necessary switching
and signal conditioning functionality in a compact reference design,
providing smartphone manufacturers a single scalable source for the
entire cellular front end. RFMD expects to commence volume shipments
of PowerSmart in the current quarter, with sequential growth anticipated
in the June, 2011, quarter.
About RFMD RF
Micro Devices, Inc. (Nasdaq: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 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
1/27/2011
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