RF Micro Devices Ships Fifty Millionth CDMA Product
GREENSBORO, N.C. RF Micro Devices, Inc. (Nasdaq: RFMD), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced that it has shipped its fifty millionth CDMA product.
Ranked, according to QUALCOMM, as one of the fastest-growing digital technologies, the CDMA network has grown to over 35 million subscribers to date. The CDMA Development Group reports that the number of CDMA subscribers are expected to reach over 50 million by the end of 1999.
"We are extremely pleased to reach this milestone, especially knowing that we ve achieved it while meeting the design and production standards of the world s leading mobile phone manufacturers," said Alastair Upton, director of the company s Digital Cellular product line. "For over five years, our CDMA digital cellular chips have provided optimum price and performance solutions for wireless communications products, and we will continue in our role as a high-volume provider to these growing markets."
William Pratt, RFMD s chairman and chief technical officer, stated "CDMA technology has been a part of RF Micro Devices from the beginning, and we are proud of the accomplishment this production figure represents. CDMA chips were some of the very first RFICs that we developed for our original customers. "
RF Micro Devices supplies a wide variety of digital cellular products such as CDMA power amplifiers, driver amplifiers, modulators, upconverters, quadrature demodulators, LNAs, mixers, front-ends and IF amplifiers. RFMD s GaAs HBT (gallium arsenide heterojunction bipolar transistor), silicon BiCMOS and silicon germanium are the core technologies used to fabricate the digital products that provide complete RF and IF chipsets for CDMA handsets.
RF Micro Devices, Inc., an ISO 9001 certified manufacturer, designs, develops, manufactures and markets proprietary RFICs for wireless communications applications such as cellular and PCS phones, cordless phones, wireless LANs, wireless local loop handsets, industrial radios, wireless security systems and remote meter readers. The Company offers a broad array of products - representing amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers - that represent 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 needs. RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD.
This press release contains forward-looking statements that relate to the Company s plans, objectives, estimates and goals. Words such as "expects, " "anticipates," "intends," "plans," " believes," and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company s business is subject to numerous risks and uncertainties, including probable variability in the Company s quarterly operating results, manufacturing capacity constraints, risks associated with the Company s operation of its current wafer fabrication facility and the construction of an additional facility, dependence on a limited number of customers, variability in production yields, the Company s ability to manage rapid growth, dependence on third parties and risks associated with doing business in Asia and other areas of the world. These and other risks and uncertainties, which are described in more detail in the Company s 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) and RFMD(TM) are trademarks of RF Micro Devices, Inc. All other tradenames, trademarks and registered trademarks are the property of their respective owners.
For further information about RFMD, please visit our home page at http://www.rfmd.com
CONTACT: RF Micro Devices Jerry D. Neal 336/664-1233
RF Micro Devices
Jerry D. Neal 336/664-1233
Web site: http://www.rfmd.com
