RF Micro Devices, Inc. (RFMD)

[fcy]

Ned Davis Research downgrades RF MICRO DEVICES INC from NEUTRAL to SELL.BY Investars Analyst Actions - private
— 10:06 AM ET 04/07/2014
On April 7, 2014 Ned Davis Research downgraded RF MICRO DEVICES INC (RFMD

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) from NEUTRAL to SELL.

[Chasing Pennies]

Doing some homework here... interesting stuff, indeed!

Best of luck! RFMD
-CP

[fcy]

GREENSBORO, N.C., March 25, 2014 (GLOBE NEWSWIRE) -- RFMD (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced it has signed a $9.7 million agreement with the Manufacturing and Industrial Technologies Directorate within the Air Force Research Laboratory (AFRL) to transfer and produce a 0.14 micron Gallium Nitride (GaN) monolithic microwave integrated circuit (MMIC) technology. The technology will be scaled to 6-inch diameter wafers using RFMD's industry-leading 6-inch GaN-on-Silicon Carbide (SiC) manufacturing line.

[jukemaster]

This has been steadily rising day by day. Few percent here and there, slow and steady wins the race. Fingers crossed for $10+ by Jan 15! Glta!

[cushsix]

Over 4 million shares traded in 4 one million shr trades the past two days after hours, all above 8.03. Someone really wants shares
Something going on behind the scene

[jukemaster]

Fingers crossed $10.00 by Jan. Excellent news. Thank you for sharing.

[JEFFRO1]

Nice

[cushsix]

RFMD Awarded $9.7M Air Force Contract to Produce Millimeter Wave GaN Integrated Circuits Company Transferring 0.14 Micron GaN Technology and Manufacturing on 6-Inch Wafers to Combine Technology and Cost Leadership

GREENSBORO, N.C., March 25, 2014 (GLOBE NEWSWIRE) --

RFMD (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced it has signed a $9.7 million agreement with the Manufacturing and Industrial Technologies Directorate within the Air Force Research Laboratory (AFRL) to transfer and produce a 0.14 micron Gallium Nitride (GaN) monolithic microwave integrated circuit (MMIC) technology. The technology will be scaled to 6-inch diameter wafers using RFMD's industry-leading 6-inch GaN-on-Silicon Carbide (SiC) manufacturing line. "Through this Air Force contract we have the opportunity to establish the industry's first 6-inch millimeter wave GaN-on-SiC process technology, allowing RFMD to expand our technology capabilities beyond 100GHz," said Gorden Cook, general manager of RFMD Power Broadband. "We expect this new technology will not only enable a new class of affordable power MMICs for defense applications such as radar and military communications, but also commercial applications including cable TV networking, microwave backhaul and cellular infrastructure." According to industry analyst firm Strategy Analytics, the GaN microelectronics market is expected to more than triple to $334 million by 2017, representing a compound annual growth rate (CAGR) of 28%. This market growth is led by growth in both military (radar, electronic warfare, communications) and commercial (power management, cellular, CATV, land mobile radios) applications. "AFRL has a distinguished history of developing high performance technologies with an understanding of underlying physics that drive reliability," added Cook. "RFMD plans to leverage AFRL's experience to offer reliable, 0.14 micron gate GaN power technology for mass production in our US-based, open foundry." GaN technology supports broad frequency bandwidths and high breakdown voltages in a small area. RFMD's 6-inch GaN wafer offers 2.5-times more useable area over competing 4-inch GaN wafer platforms currently available, resulting in 2.5 times more RF power devices per wafer. Millimeter wave GaN enables the best trade-off between key performance parameters such as power gain, bandwidth and efficiency for applications in the range of DC to over 100GHz.

[eastunder]

Good Time To Get Into Triquint And RF Micro

http://www.forbes.com/sites/nigamarora/2014/02/28/good-time-to-get-into-triquint-and-rf-micro/?partner=yahootix

There are pros and cons of investing in Samsung or Apple, but there is no need to choose between the two. A major new opportunity has emerged in a yet to be born powerhouse that supplies important components to both Apple and Samsung.

NewCo is the tentative name given by RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT) to their merged entity that will be a radio frequency solutions powerhouse in the second half of 2014. Today’s mobile devices would have not been possible without the kind of RF components that these two companies make.

NewCo is the result of a merger of equals between two formidable radio frequency companies RF Micro Devices and TriQuint. RF Micro shareholders will receive one share of NewCo and TriQuint shareholders will receive 1.675 shares of NewCo. The merger is designed to be a tax free transaction. At the close of the merger, NewCo will do a one-for-four reverse stock split.

NewCo will be able to supply end-to-end solutions to both Apple and Samsung as well as other mobile device manufacturers. To some degree, products of the two companies are complimentary. RF Micro is big in power amplifiers and front-end modules. TriQuint is big in RF filters including bulk acoustic wave, surface acoustic wave and temperature compensated surface acoustic wave filters.

NewCo will also have a substantial business in building wireless infrastructure, defense, and aerospace; an advantage of these sectors is not only diversification but higher gross margins compared to the mobile device segment.

The synergies will save $75 million in costs in the first year and a total of $150 million in the second year. More important than cost savings is that the scale will give NewCo a better opportunity to compete for Apple and Samsung business vs. its competitors.


NewCo has the potential to earn about $1 per share. As of this writing, RF Micro is trading at $7.06. Based on my model, this is only a P/E of about 7 (based on 2017 earnings). If you think Apple is inexpensive, NewCo is dirt cheap.

[binks]

I agree still holding a bunch from last week

Even with the news

[eastunder]

Radio frequency chipmakers RF Micro, TriQuint to merge

http://finance.yahoo.com/news/radio-frequency-chipmakers-rf-micro-124759940.html

Feb 24 (Reuters) - Radio frequency chipmakers RF Micro Devices Inc and TriQuint Semiconductor Inc said they would merge in an all-stock deal to create a new company with combined revenue of more than $2 billion.

TriQuint shareholders will receive 1.675 shares of the combined company for every share held.

RF Micro shareholders will receive 1 share of the new entity for each share they hold.

TriQuint Chief Executive Ralph Quinsey will be the non-executive chairman of the new company, while RF Micro Chief Executive Bob Bruggeworth will be the CEO, the companies said in a joint statement.

[JEFFRO1]

Big news out !

[InVest14]

Keep $RFMD on watch Mon-Tue RFMD(R) to Showcase Portfolio of RF Solutions at 2014 Mobile World Congress

http://t.co/FUF3uTuXbe

[cushsix]

RFMD Earns Samsung's Quality Grand Award as Best Quality Supplier GUMI, South Korea and GREENSBORO, N.C., Feb. 10, 2014 (GLOBE NEWSWIRE) -- RFMD (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced that Samsung has presented RFMD with its Quality Grand Award at a ceremony held last week at Samsung Electronics' smartphone manufacturing operations in Gumi, South Korea. The award recognizes RFMD's superior execution in product quality and customer satisfaction and was presented to RFMD on behalf of its Cellular Products Group (CPG) team. RFMD was selected as the best quality supplier among Samsung Mobile's approximately 450 global suppliers.

[jukemaster]

I was mulling it over around the same price. Came up on a macd scan and finally executed at 4.75. Glad I did like the rest.

[PennyStockPickz]

This bad boy will be trading at $10+ by the end of this year IMO.

Steal of a price here.

[eastunder]

Nice! Good job. :)

[SoundGuy]

Loaded up at 4.70. glad I did. I dig where this is headed.

[eastunder]

I have never doubted the stock. :) I like RFMD. Welcome aboard.

[PennyStockPickz]

This is headed high, very high, a steal at this price, absolute steal IMO

[PennyStockPickz]

Loading up on this one!

[eastunder]

RFMD: Q3 Adj EPS 13c vs 8c Meets 13c Est

Tuesday , January 28, 2014 16:16ET


QUARTER RESULTS
RF Micro Devices Inc (RFMD) reported Q3 results ended December 2013. Q3 Revenues were $288.50M; +6.38% vs yr-ago; MISSING revenue consensus by -9.86%. Adjusted Q3 EPS was 13c; +62.50% vs yr-ago; MATCHING earnings consensus.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $288.50M      $271.21M      +6.38%      $320.06M      -9.86% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Adj EPS:             13c            8c     +62.50%           13c       0.00%

http://www.knobias.com/story.htm?eid=3.1.a5d790457139f7cb023e92401457051177c6f7154d0bf0d874b403e9234d8d3d

[JEFFRO1]

Earnings coming should be good apple posting record numbers!yes I realize the pps of Apple has dropped however record numbers

[JEFFRO1]

Man I hope so

[Ecostate]

yes saw that in the pr. I am hearing and thinking good report!!!

[JEFFRO1]

Jan 28

[Ecostate]

when is earnings

[fcy]

EVA Dimensions, LLC upgrades RF MICRO DEVICES INC from HOLD to OVERWEIGHT.BY Investars Analyst Actions - public
— 8:04 AM ET 01/10/2014
On January 10, 2014 EVA Dimensions, LLC upgraded RF MICRO DEVICES INC (RFMD

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) from HOLD to OVERWEIGHT.

[MarginMan]

chart predictions anyone? I'm hoping for a $1 move to earnings

[swampboots]

RFMD 4.85 another retracement from hell down.

[fcy]

Hot stock today
RFMD Earns Huawei Supplier of the Year Award for 2013
BY GlobeNewswire
— 8:00 AM ET 11/21/2013 GREENSBORO, N.C., Nov. 21, 2013 (GLOBE NEWSWIRE) -- RFMD (RFMD ) , a global leader in the design and manufacture of high-performance radio frequency solutions, today announced that Huawei, a leading global information and communications technology (ICT) solutions provider, has presented RFMD with Huawei's Supplier of the Year Award for 2013. This is the second time in three years that RFMD has earned this prestigious "Golden Core Partner" award, which was accepted by RFMD President and CEO Bob Bruggeworth at an awards ceremony held earlier today at Huawei's headquarters in Shenzhen, China.RFMD is a key component supplier to Huawei, providing the leading handset maker discrete antenna switches, antenna switch modules, power amplifiers, power management ICs, and Wi-Fi low noise amplifiers. In addition to supporting Huawei on handsets/smartphones, RFMD provides Huawei a variety of components for wireless infrastructure and point-to-point cellular backhaul."RFMD has been a key strategic partner for Huawei providing outstanding technology and new product development, field applications support, proactive local customer support and excellent on-time delivery," said the VP of Supply Chain Management Department, Xiong Lening. "This award is a testament to RFMD's ability to deliver industry-leading technologies on time and in very high volumes, and we look forward to the continued expansion of our longstanding relationship.""RFMD's global team is honored to receive this prestigious award from Huawei, one of the world's largest LTE providers," said Mr. Bruggeworth. "This is a tribute to our product leadership and our team's ability to deliver the right product at very high volumes to support Huawei's continued growth." About RFMD
RFMD (RFMD ) is a global leader in the design and manufacture of high-performance radio frequency solutions. RFMD's products enable worldwide mobility, provide enhanced connectivity, and support advanced functionality in the mobile device, wireless infrastructure, wireless local area network (WLAN or Wi-Fi), cable television (CATV)/broadband, Smart Energy/advanced metering infrastructure (AMI), 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. RFMD is an ISO 9001-, ISO 14001-, and ISO/TS 16949-certified manufacturer with worldwide engineering, design, sales and service facilities. For more information, please visit RFMD's web site at rfmd.com.
CONTACT: RFMD Contacts:

Investors
Doug DeLieto
VP, Investor Relations
336-678-5322


RFMD Expands Industry-Leading Portfolio of Antenna Control Solutions With New Impedance Tuners for Smartphones and Mobile Devices

[cushsix]

News 4pm

Control Solutions With New Impedance Tuners for Smartphones and Mobile Devices RFMD Expands Industry-Leading Portfolio of Antenna Control Solutions With New Impedance Tuners for Smartphones and Mobile Devices New RF1105 Offers Broad Antenna Impedance Tuning Range to Optimize Antenna Efficiency in Today's Complex LTE and HSPA+ Cellular Devices
GREENSBORO, N.C., Nov. 19, 2013 (GLOBE NEWSWIRE)
-- RFMD (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today unveiled its first impedance tuner, the RF1105, further expanding the Company's industry-leading portfolio of antenna control solutions. RFMD's programmable RF1105 functions as a tuner sub-system across all LTE frequency bands up to 2.7GHz, providing antenna feed matching over a wide frequency range. This simplifies antenna design and enables smartphone and mobile device OEMs to optimize antenna power and sensitivity while also maximizing battery life. As frequency bands proliferate, cellular antennas are required to operate over wider bandwidths, greatly increasing the need for RFMD's impedance tuners. According to industry analyst firm Strategy Analytics, the proliferation of multi-band LTE devices is expected to drive phenomenal growth in shipments of antenna tuning components, reaching 1.8 billion units per year by 2018. Due to its unique topology, the RF1105 offers broad symmetric tuner gain and linear performance for optimal power transfer to the antenna, improving total system efficiency, even under the most adverse operating conditions in multi-band LTE and HSPA+ applications. "RFMD's impedance tuners greatly expand our industry-leading portfolio of antenna control solutions while also providing customers the programmability and efficiency needed to simplify and accelerate antenna design in their flagship smartphones and tablets," said Eric Creviston, president of RFMD's Cellular Products Group. "The RF1105 is capable of matching almost any antenna impedance, providing customers breakthrough flexibility. As a result, the RF1105 is already included on several leading mobile reference designs, and RFMD continues to enjoy excellent customer demand for our antenna control solutions." Like RFMD's antenna tuners, its impedance tuners improve RF system efficiency between the transceiver and the antenna element. While RFMD's antenna tuners optimize radiated efficiency by adjusting or tuning an antenna's resonant frequency, its impedance tuners optimize power transfer to the antenna. Both are part of RFMD's portfolio of antenna control solutions, which also includes high-performance routing switches that optimize antenna selection and control and enhance cellular data throughput rates. RFMD's impedance tuners provide a dynamic matching environment and can be programmed to offer optimal performance across multiple conditions and usage cases. With the RF1105, smartphone OEMs can design antennas for optimal radiated efficiency while also reducing the potential tradeoffs associated with fixed matching components. It is sampling now with lead customers, and volume production is expected to begin in the first quarter of 2014.

[TapeTrades]

Great post. Went through Qtr myself numerous times trying to figure out why they beat this up so bad, can't find anything other than a little soft guidance. I took advantaged and loaded up. Weekly chart still very intact and were getting healthy consolation on the daily 6 + before year end

Cheers
$RFMD

[fcy]

Short’s Beaver
John McCain’s have to go we need more tea party members.
Go > Tea Party Republican >Go
*Thomson Reuters/Verus upgrades RF MICRO DEVICES INC from HOLD to BUY.BY Investars Analyst Actions - public— 10:13 AM ET 10/28/2013
On October 28, 2013 Thomson Reuters/Verus upgraded RF MICRO DEVICES INC (RFMD ) from HOLD to BUY.
*Ford Equity Research upgrades RF MICRO DEVICES INC from HOLD to STRONG BUY.BY Investars Analyst Actions - private— 7:27 PM ET 10/26/2013
On October 26, 2013 Ford Equity Research upgraded RF MICRO DEVICES INC (RFMD ) from HOLD to STRONG BUY.
RF Micro Devices Posts Record Quarterly Revenue
In terms of the top line, RF Micro Devices (NASDAQ: RFMD ) had a quarter for the record books, but that wasn't enough to avoid disappointment from the market.
For its fiscal Q2 2014, revenue notched an all-time high at nearly $311 million, or almost 50% higher than the $210 million in the same period the previous year. Net income swung to a profit of $5.9 million ($0.02 per diluted share), against Q2 2013's $16.5 million ($0.06) loss. On an adjusted basis, those figures were $33.9 million ($0.12) and $7.8 million ($0.03) in the black, respectively.
The company provided forward guidance for its current Q3. Revenue for the period is anticipated to be flat to 5% higher sequentially, or $311 million to $326 million, with adjusted EPS coming in at $0.13-$0.14. Analysts had been projecting revenue of $326 million in top line, but their EPS estimate matched the low end of the company's range at $0.13.
RFMD is nothing but a BUY Short’s be ready for cover. Short Interest as a % of
Shares Outstanding* 6.69% Shares Short* 18,820,766

[TapeTrades]

starting to flag on 5 Minute got long 10k last couple of days plan on swinging this

[mick]

RF Micro Devices, In (RFMD)
5.225 ? -0.085 (-1.60%)
Volume: 5,950,749 @ 2:07:47 PM ET

Bid Ask Day's Range
5.22 5.23 5.13 - 5.31

RFMD Detailed Quote Wiki

[ManicTrader]

$RFMD Retracement on Radar To hold the 200ma support on weekly chart

[eastunder]

RFMD: Oppenheimer Keeps @ Outperform; Keeps Tgt @ $8

Wednesday, October 23, 2013 09:08ET


Issuer: RF Micro Devices Inc (NasdaqNM: RFMD)

Analyst Firm: Oppenheimer

Ratings Action: REITERATION

Current Rating: Outperform

Target Price Action: MAINTAIN
Target Price: $8.00

http://www.knobias.com/story.htm?eid=3.1.0e54364e96e2da8427eedb9d22a89f4772d4a801ccf9929435f93fe1054e9327

[cushsix]

from Barrons Online a few mins ago.............

Revenue in the three months ended in September rose 48%, year over year to $310.7 million, yielding EPS of 12 cents.

Analysts had been modeling $308 million and 10 cents.

For the current quarter the company sees revenue in a range from flat to up 5% from last quarter. That equates to $311 million to $326 million in revenue.

Consensus is for $325 million. EPS is seen in a range of 13 cents to 14 cents, a penny better than the consensus of 13 cents.

[cushsix]

RFMD(R) Unveils First 1.2 GHz Power Doubler Amplifier Supporting New DOCSIS 3.1 Cable Specification RFCM3316 Combines Compact Size With Decreased Current Consumption, Allowing CATV Operators and MSOs an Easy Upgrade Path to Meet New DOCSIS 3.1 Requirements

GREENSBORO, N.C., Oct. 18, 2013 (GLOBE NEWSWIRE) -- RFMD (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today unveiled its first power doubler amplifier in a multi-chip module to support the requirements of the new data over cable service interface specification (DOCSIS) 3.1. RFMD's new Gallium Nitride- (GaN-) based RFCM3316 allows cable operators and MSOs to easily upgrade existing CATV infrastructure to meet the power amplifier requirements of the new DOCSIS 3.1 standard, increasing effective downstream data rates from 160 Megabits per second (Mb/s) to 10 Gigabits per second (Gbit/s), and upstream data rates from 120 Mb/s to 1 Gbit/s when compared to DOCSIS 3.0. Due to the high output and gain benefits derived from RFMD's GaN-based RFCM3316, cable operators can upgrade their existing equipment within current locations, saving on both installation time and cost.

[TapeTrades]

$RFMD strong like # Bull

[cushsix]

GREENSBORO, N.C., Oct. 8, 2013 (GLOBE NEWSWIRE) -- RFMD (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced that it has commenced high-volume production of multiple new power amplifiers (PAs) and power management integrated circuits (ICs) that incorporate RFMD's envelope tracking (ET) technology. RFMD's unique ET technology significantly enhances power efficiency in new LTE platforms, resulting in enhanced battery life across all modes and bands, increased network coverage, and higher data rate throughput.
RFMD is a pioneer in the development of RF power management and envelope tracking technology. Unlike traditional PAs that operate with a constant supply voltage, the supply voltage applied to RFMD's ET-enabled PAs is continuously adjusted so that the amplifier operates at maximum power efficiency. The result is much lower battery power consumption, particularly in LTE platforms.
RFMD's expanding ET product portfolio is tailored for today's leading LTE chipsets and provides full ET compatible coverage of all FD-LTE and TD-LTE bands (1-14, 17-21, 25-28, 38, 40, 41, and 44). RFMD's expanding portfolio of envelope tracking-enabled solutions includes its RF7389 and RF8085 multimode, multi-band PAs, the RF80xx(i) family of 10 single-band satellite PAs, and its RF8081 ET power management IC.
"This volume ramp-up of a broad family of envelope tracking-enabled products puts RFMD at the forefront of the ET revolution and is a testament to the market success of our technology, which is very well suited for the power demands of new LTE platforms now being rolled out across the globe," said Eric Creviston, president of RFMD's Cellular Products Group. "RFMD is very well positioned with power management technologies such as envelope tracking and average power tracking to expand our RF content in the newest generation of smartphones, tablets, ultrabooks and machine-to-machine (M2M) applications."

[cushsix]

excerpt from Seeking alpha website ........

RF Micro Devices (RFMD), is ready for a return to market dominance and as a result should see an increase in its stock price taking it to multi-year highs. Yesterday, there were two pivotal announcements that support my belief in RFMD's forward progress toward becoming the dominant RF systems player in the mobile sector. 1) RFMD announced it is expanding capacity due to increased product demand from one of its key customers. 2) Apple (AAPL) announced it had sold out its new iPhones in under two days; this beat some analysts' forecasts by almost double (9 million vs. 5 million). In trading, we saw RFMD break out to a two and a half year high on over three times normal volume.

RF Micro Devices Inc is a leading designer and manufacturer of high-performance radio frequency solutions in mobile device, wireless infrastructure, Wi-Fi, cable/broadband, and the aerospace and defense markets.

[eastunder]

RF Micro Devices dollar content increases in iPhone, says Canaccord

http://www.theflyonthewall.com/permalinks/entry.php/RFMD;AAPLid1890687/RFMD;AAPL-RF-Micro-Devices-dollar-content-increases-in-iPhone-says-Canaccord

Canaccord said iPhone 5S and 5C teardown indicates RF Micro Device share content has increased. The firm continues to believe RF Micro is well positioned to deliver strong 2014/15 growth driven by LTE smartphone platforms combined with cost savings initiatives to drive strong margins. Shares are Buy rated with a $7.50 price target.

[cushsix]

RFMD(R) Expands Assembly Capacity to Accommodate Strong Product Demand
Expansion Boosts Internal Assembly, Will Include Advanced Flip Chip Capabilities

GREENSBORO, N.C., Sept. 23, 2013 (GLOBE NEWSWIRE) -- RFMD (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced it has successfully completed a recently announced expansion of its test, tape and reel, and assembly facility, located in Beijing, China. In addition to newly qualified internal assembly capacity for power amplifiers (PAs), switch-based products, and antenna control solutions, RFMD is also qualifying advanced flip chip capabilities for its 2G, 3G, and 4G LTE and TD-LTE products.
RFMD anticipates the expansion will enable it to quickly accelerate internal assembly to accommodate broad customer demand for its expanding portfolio of RF solutions. The capacity expansion efforts and resulting increase in internal assembly are expected to contribute to RFMD's stated goal of expanding non-GAAP gross margin by 300-400 bps by the March 2014 quarter, as compared to non-GAAP gross margin of 34.4% achieved in the March 2013 quarter. On August 26, 2013, RFMD announced it was on track to achieve another major gross margin expansion initiative -- the ramp of its new low-cost CMOS PA for entry market 2G handsets.
RFMD's high-performance RF solutions are broadly adopted across multiple growth markets and applications, including smartphones, handsets, tablets, notebooks, Wi-Fi, CATV, and hi-rel applications. The increasing use of RF technology is core to the collective value of wireless connections between people, data, processes, and objects, and is central to the popular concept of the Internet of Things. According to Cisco, the Internet of Things is expected to grow at a compound annual growth rate of 25% during 2012 to 2020, reaching approximately 50 billion connected devices by 2020.

[cushsix]

RFMD(R) Introduces World's First 6-Inch GaN-on-SiC Wafers for RF Power
Transistors

Company Converting All Gallium Nitride (GaN) Processes to High-Volume 6-Inch
Wafer Fabrication to Reduce Platform Cost, Address Growth Opportunities

GREENSBORO, N.C., Sept. 19, 2013 (GLOBE NEWSWIRE) -- RFMD (Nasdaq:RFMD), a
global leader in the design and manufacture of high-performance radio frequency
solutions, today introduced the world's first 6-inch GaN-on-Silicon Carbide
(SiC) wafers for manufacturing RF power transistors for both military and
commercial use. The company is converting all GaN production and development to
6-inch diameter wafers using its existing high-volume, 6-inch GaAs foundry to
reduce platform cost for the growing GaN device market.

"We are pleased to introduce the industry's first 6-inch GaN-on-SiC RF
technology on RFMD's existing high- volume 6-inch GaAs manufacturing line,"
said Bob Bruggeworth, president and CEO of RFMD. "This merging of production of
GaN and GaAs is part of our 'GaN-in-GaAs Fab' strategy to repurpose existing
fab capacity to better address growth opportunities from innovative new
GaN-based products."

According to industry analyst firm Strategy Analytics, the GaN
microelectronics market is expected to more than triple to $334 million by
2017, representing a compound annual growth rate (CAGR) of 28%. This market
growth is led by growth in both military (radar, electronic warfare,
communications) and commercial (power management, cellular, CATV, land mobile
radios) applications.

"By leveraging our technology leadership and high-volume expertise in 6-inch
GaAs production, RFMD will now be able to add 6-inch GaN capabilities to
deliver new RF Power products that we expect will accelerate revenue growth in
our communications, CATV, power conversion, radar, jamming, aerospace and open
foundry businesses," said Dr. Jeff Shealy, vice-president of RFMD Power
Broadband.

GaN technology supports broad frequency bandwidths and high breakdown
voltages in a small area. A 6-inch GaN wafer offers 2.5-times more useable area
over competing 4-inch GaN wafer platforms currently available, resulting in 2.5
times more RF power devices per wafer. Larger area-per-wafer and subsequent
lower cost per unit area (in dollars per square millimeter) is key to enabling
affordable, high performance power monolithic microwave ICs (MMICs) for
military and commercial applications. RFMD expects to complete qualification of
its 6-inch GaN platforms in 2014.

[DaddyDog]

I think you're right - something is brewing and it looks good. Up 5 cents before the open. Hope it keeps up.

[DaddyDog]

Looks like something's brewing... any thoughts? 522,000+ shares traded, but not one transaction shown on my program.

[eastunder]

yep. lol

It was a spam post.

Hey!

RFMD:

Approaching a resistance level. Up and over, by chance?

[DaddyDog]

Did a couple of posts get deleted?