GREENSBORO, N.C.--(BUSINESS WIRE)--May 25, 2004 -- RF Micro Devices, Inc. (NASDAQ: RFMD), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced it has completed the acquisition of Silicon Wave, Inc., a privately held, San-Diego-based supplier of highly integrated Bluetooth(R) solutions for wireless personal area networks (WPANs).
The acquisition of Silicon Wave expands RFMD's total addressable market and is expected to complement its leadership position in handsets. RFMD is currently ramping volume production of Silicon Wave's Bluetooth components for handsets manufactured by a tier-one handset maker. In addition to handsets, the Company's Bluetooth products are in use supporting multiple applications, including headsets, printers and PC peripherals.
Frank Morese, vice president of RFMD's wireless connectivity business unit, said, "We're excited to join forces with Silicon Wave to significantly enhance our Bluetooth product portfolio. We believe our combined strengths and unique technology place us in an extremely strong position to capture growth in the explosive Bluetooth market, which industry research forecasts will grow more than six-fold over the next three years. We expect revenue from our Bluetooth solutions will increase significantly in fiscal 2005 through continued strong design traction within the handset, headset, PC peripheral and consumer electronic device markets."
Silicon Wave's Bluetooth product portfolio includes highly integrated single-chip CMOS radio processors (including the radio modem and digital baseband functions), as well as stand-alone CMOS radio modem solutions. The CMOS Bluetooth radio processors have a unique architecture that does not require external flash memory or external RF components, which represents significant advantages in cost, size and supply chain management versus currently available solutions.
About RF Micro Devices
RF Micro Devices, Inc., an ISO 9001- and ISO 14001-certified manufacturer, designs, develops, manufactures and markets proprietary RFICs primarily for wireless communications products and applications such as cellular and PCS phones, base stations, WLANs 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 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.