Award Presented By China's Ministry Of Industry And Information Technology And China's Semiconductor Industry Association At 2009 China Semiconductor Market Conference
SHANGHAI, Feb. 25 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, today announced that it has received an award for "Successful Enterprises/Most Promising Enterprises In China's Semiconductor Market For 2009." The award was presented by officials of China's Ministry of Industry and Information Technology and China's Semiconductor Industry Association at the 2009 China Semiconductor Market Conference, held today.
RFMD received the award in recognition of its performance in the China semiconductor market in 2008 and based upon comprehensive analysis conducted by CCID Consulting Co., Ltd. (CCID Consulting) related to the China semiconductor market. The market analysis scored semiconductor enterprises against six indicators: market competitiveness, corporate growth, cooperation in applications, market promotion, technical support and growth potential. CCID Consulting is a direct affiliate of the China Center for Information Industry Development (CCID Group) and is headquartered in Beijing.
RFMD's operations in China include a state-of-the-art assembly and test plant in Beijing, an R&D center in Shanghai and sales and technical support offices in Beijing, Shanghai and Shenzhen. RFMD provides its customers in China a total solution from design, sales and customer service support, including field application engineering and failure/reliability analysis, to manufacturing and supply chain management. RFMD's broad presence in China enables shortened design and product introduction cycle times and rapid response to customer demand with localized supply chain management.
Bob Bruggeworth, president and CEO of RF Micro Devices, said, "We are delighted to receive this prestigious award from China's Ministry of Industry and Information Technology and China's Semiconductor Industry Association. We are sharply focused on servicing customers and platform providers in Greater China, and we are gratified to be recognized for our growing presence in the China semiconductor market."
According to CCID Consulting, success in the China market has become a decisive factor in measuring the business performance and growth potential of a semiconductor company. China is the biggest semiconductor market in the world and is growing at a rate twice as fast as the global market.
