RF Electronics ♦ news digest
up continued dollar content expansion in both smartphones and 3G entry handsets, while leveraging our already significant exposure to the industry›s leading baseband providers. Today these include Qualcomm, Intel, ST Ericsson, MediaTek, Spreadtrum, and others.»
Dean Priddy, CFO and vice president of administration of RFMD, said, «During the September quarter, RFMD delivered approximately 14% sequential growth in revenue and nearly 50% sequential growth in non-GAAP operating income, as 3G/4G market share gains more than offset a double-digit sequential decline in MPG. In the December quarter, we expect to deliver sequential revenue growth and improved financial performance, as 3G/4G share gains are anticipated to once again more than offset a sequential decline in MPG.»
RF Micro Devices conducted a conference call to discuss its latest financial results. A telephone playback of the conference call may be accessed by dialling 303-590-3030 and entering pass code 4478096.
RFMD appoints industry veteran as corporate VP
Hans Schwarz brings more than 30 years of technology industry expertise to RFMD as well as wide-ranging involvement in successful business development and M&A activity.
RF Micro Devices, a global designer and manufacturer of high-performance radio frequency components and compound semiconductor technologies, has appointed technology veteran Hans Schwarz, age 54, as corporate vice president, business development.
With over 30 years of technology industry expertise, Schwartz also brings to RFMD a wide-ranging involvement in successful business development and M&A activity. In this newly created position, Schwarz will report to Bob Bruggeworth, president and CEO of RFMD, with responsibility for RFMD’s corporate business development initiatives, including strategic planning, M&A strategy and execution, and IP-based acquisition and licensing. Schwarz will be based in RFMD’s West Coast
office, in California’s Silicon Valley.
Bruggeworth, said, “Hans is an exceptional leader with deep semiconductor industry experience, and we are very pleased to welcome him to RFMD. In previous positions at other semiconductor industry leaders, Hans successfully developed and executed large-scale business development programs that drove growth. As part of the RFMD team, we expect him to contribute immediately to our strategic efforts to deliver incremental growth and profitability.”
Jerry Neal, co-founder and executive vice president of corporate marketing of RFMD, said, “I am pleased with the successes our corporate development team achieved in the past through several strategic business and manufacturing asset acquisitions. These corporate development successes have enabled RFMD to become a diversified growth company with an extremely bright future. I am pleased that the organisational changes announced today will allow me to continue my focus in the areas of RFMD’s branding, strategic marketing and other corporate marketing initiatives.”
Before joining RFMD, Schwarz served as managing director for a $300 million late stage venture capital crossover fund, where he was responsible for searching for and investing in innovative, market- leading late-stage companies in semiconductors, storage, networking and telecom, cleantech, and other industries.
Prior to that, Schwarz spent 15 years at Xilinx, a market leader in programmable logic, serving most recently as VP of Business and Strategy Development. While at Xilinx, his responsibilities included global strategy development, managing a $300 million strategic investment fund, corporate partnerships, and developing and implementing an industry-leading M&A process.
Prior to Xilinx, Schwarz held various management, marketing and engineering positions at Chips and Technologies ; LSI Logic and Fairchild Semiconductor.
Schwarz holds a BS in Electrical Engineering and Computer Science from Santa Clara University, in Silicon Valley. He is an independent board member of Lattice Semiconductor Corporation.
November/December 2011
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