RFMD® Advances in Ranking of Global Wireless Semiconductor Vendors According to Leading Research Firm
GREENSBORO, NORTH CAROLINA - June 29, 2007 - RF Micro Devices, Inc. (NASDAQ: RFMD), a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications, today announced that Gartner Dataquest has identified RFMD as the world's sixth largest global wireless communications semiconductor vendor, based on revenue. RFMD advanced one position, compared to its previous ranking as the number-seven vendor in Gartner's prior year report. According to the May 2007 report entitled, "Dataquest Insight: Semiconductor Vendor Performance, 2006,"1 Gartner attributes RFMD's 44% growth in its wireless applications revenue from 2005 to 2006 to its POLARIS(tm) TOTAL RADIO(TM) RF solutions and power amplifier module businesses. The report continues to say that mobile phones accounted for an estimated 75% of total wireless application revenue in 2006 and that the high growth of 3G handsets in 2006 with their relatively higher semiconductor content was a strong contributor to high wireless growth. "Gartner's research findings underscore our market leadership in cellular RF solutions and our share-gain opportunities in other high-growth wireless markets," said Bob Bruggeworth, president and CEO of RFMD. "RFMD is the leading supplier of cellular front ends across all tiers of handsets - from the high-end EDGE and 3G segments to the entry level and replacement segments of the handset market. As the cellular RF leader, we are uniquely positioned to increase our RF semiconductor content in mobile devices as 3G multimode handsets proliferate, new subscribers are added and new replacement phones are purchased." "Beyond handsets, the same core competencies that have supported our success in cellular are driving our opportunities in wireless LAN (WLAN), infrastructure, GPS and other complementary markets. Our investments in manufacturing scale, world-class engineering and design expertise, process development and new enabling technologies, such as MEMS and wafer level packaging, are distancing RFMD from other market participants and extending our opportunities for incremental growth in diverse, high-growth market segments."