RF Micro Devices To Open Facility in China.Business Editors/High Tech Writers GREENSBORO, N.C.--(BUSINESS WIRE)--June 28, 2001 RF Micro Devices RF Micro Devices (NASDAQ: RFMD) is a manufacturer of integrated circuits, founded in Greensboro, NC, in 1991 by William J. Pratt, Powell T. Seymour and Jerry D. Neal.[1]. , Inc. (Nasdaq: RFMD RFMD RF Micro Devices (NASDAQ) RFMD Rotary Fluid Management Device ), a leading provider of proprietary radio frequency integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (RFICs) for wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. applications, announced today that it intends to open a facility in the Beijing Xingwang Industrial Park, which is located in the Beijing Economic Technological Development Area. The Beijing Xingwang Industrial Park was established in May 2000 by Nokia in conjunction with the Chinese state governments, the Beijing municipal government and representatives of the Beijing Economic-Technological Development Area. RF Micro Devices has become one of the first suppliers to be invited by Nokia to participate in the Beijing Xingwang Industrial Park, which will support Nokia's business in China and other world markets. David A. Norbury, president and chief executive officer of RF Micro Devices, said, "We are extremely pleased to have been invited by Nokia to participate in the Beijing Xingwang Industrial Park, which may well become the premier facility of the world's leading handset manufacturer in the world's largest consumer market. As such, the invitation to join Nokia in this major project not only presents a terrific opportunity for RF Micro Devices but underscores the strength of our ongoing strategic relationship with Nokia." Petri Vainola, Nokia's vice president of sourcing and procurement, Asia Pacific, said, "The Beijing Xingwang Industrial Park was established to further strengthen our market position in China. RF Micro Devices is an important supplier of electronic components to Nokia, and we look forward to their participation in the Beijing Xingwang Industrial Park and their contribution to the success of our efforts in China." The Beijing Xingwang Industrial Park will be a Center for Logistics Excellence for Nokia, consisting of preferred suppliers clustered around a central Nokia hub. Through its inclusion in the industrial park, RF Micro Devices expects to accelerate time-to-market of key components, reduce shipping costs and contribute to improved inventory management. The Company also expects to leverage its presence in Beijing to drive additional growth in China. In addition to supplying Nokia, the facility's central location will enable RFMD to supply other handset manufacturers with operations in China. In 2000, China became the world's second largest mobile phone market, behind the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The RF Micro Devices(R) facility will contain test and tape and reel operations and will serve as the final stage of assembly for components manufactured at the company's Greensboro, North Carolina “Greensboro” redirects here. For other uses, see Greensboro (disambiguation). Greensboro, North Carolina (IPA: [ɡɹiːnsbʌɹəʊ]) is a city in the U.S. state of North Carolina. campus. RF Micro Devices will begin construction of the facility in the fall of 2001 and expects construction to be completed in approximately 12 months from that date. About RF Micro Devices RF Micro Devices, Inc., an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001-certified manufacturer, designs, develops, manufactures and markets proprietary radio frequency integrated circuits (RFICs) primarily for wireless communications products and applications such as cellular and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. phones, base stations, wireless LANs A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area , and cable television modems. The Company offers a broad array of products - including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers - representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company's strategy is to focus on wireless markets by offering a broad range of standard and custom-designed RFICs in order to position itself as a "one-stop" solution for its customers' RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip needs. In the September 4, 2000 issue of Fortune Magazine, RF Micro Devices was ranked second among Fortune's "100 Fastest Growing Companies." RF Micro Devices, Inc., is traded on the Nasdaq National Market under the symbol RFMD. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 probable variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. facilities, its ability to manage rapid growth and to attract and retain skilled personnel, variability in production yields, raw material availability, manufacturing capacity constraints, 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' Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Prospectus dated December 19, 2000 included in its Registration Statement on Form S-3 (Registration No. 333-49432) 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . All other tradenames, trademarks and registered trademarks are the property of their respective owners. For further information about RFMD, please visit our web site at http://www.rfmd.com. |
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