RF Micro Devices Recognized in Ranking of Wireless Communications Semiconductor Suppliers.
RF Micro Devices, Inc. (Nasdaq: RFMD), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced that Gartner Dataquest has recognized RF Micro Devices as the world's seventh largest global wireless communications semiconductor supplier, based on revenue. According to an August 2004 report entitled, "Market Share: Wireless Communications Semiconductors, Worldwide, 2003," Gartner Dataquest estimated that RFMD held approximately 3.9 percent of the $16.2 billion global market for wireless communications semiconductors. The Gartner Dataquest research report also concluded that RF Micro Devices is the number one provider of power amplifiers (PAs) for wireless handsets based on 2003 revenues.
Eric Creviston, corporate vice president of wireless products at RF Micro Devices, said, "RF Micro Devices continues to grow as a wireless semiconductor supplier and take share in our core market of RF solutions for cellular handsets. Of note, we believe our number one market share in cellular PAs positions us extremely well to gain share in the synergistic market of GSM cellular transceivers."
In the cellular market, RFMD continues to introduce highly integrated PA products that offer customers increased functionality and provide the Company higher average selling prices (ASPs). Also within cellular, the Company has begun production shipments of its POLARIS(TM) TOTAL RADIO(TM) transceiver to leading handset manufacturers.
In wireless connectivity, RFMD is ramping production shipments of its single-chip CMOS Bluetooth(R) radio processors to a top-tier handset manufacturer and forecasts 100 percent sequential revenue growth in its Bluetooth product portfolio in the current quarter. In wireless LAN, RFMD continues to target gaming, network interface cards, notebooks, hand-held devices as well as PAs and front-end modules.
In infrastructure, the Company is currently sampling its GaAs driver amplifiers to customers and remains on track to sample gallium nitride (GaN) high power amplifiers to customers by the end of the fiscal year.
RF Micro Devices, Inc., an ISO 9001- and ISO 14001-certified manufacturer, designs, develops, manufactures and markets proprietary radio frequency integrated circuits (RFICs) for wireless communications products and applications. The Company is a leading supplier of power amplifiers, one of the most critical radio frequency (RF) components in cellular phones. The Company is also the leading manufacturer of GaAs HBT, which offers distinct advantages over other technologies for the manufacture of current- and next-generation power amplifiers. The Company's products are included primarily in cellular phones, base stations, wireless local area networks (WLANs), cable television modems and global positioning systems (GPS). The Company derives revenue from the sale of standard and custom-designed products. The Company offers a broad array of products including amplifiers, mixers, modulators/demodulators and single-chip transmitters, Bluetooth(R) products and receivers and transceivers that represent a substantial majority of the RFICs required in wireless subscriber equipment. The Company's goal is to be the premier supplier of low-cost, high-performance integrated circuits and solutions for applications that enable wireless connectivity. RF Micro Devices, Inc., is traded on the Nasdaq National Market under the symbol RFMD. For more information about RFMD, please visit www.rfmd.com.
This press release contains forward-looking statements that relate to RF Micro Devices' plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "projects," "believes" and "estimates," and variations of these words and similar expressions, identify these forward-looking statements. 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 the operation of wafer fabrication, molecular beam epitaxy and other foreign and domestic manufacturing facilities, 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 increase production capacity quickly in response to increases 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 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), RFMD(R) and POLARIS(TM) TOTAL RADIO(TM) are trademarks of RFMD, LLC. BLUETOOTH is a trademark owned by Bluetooth SIG, Inc., U.S.A. and licensed for use by RF Micro Devices, Inc. All other tradenames, trademarks and registered trademarks are the property of their respective owners.
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|Date:||Aug 25, 2004|
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