RF Micro Devices, Inc. (RFMD) announced a strategic initiative to extend what it describes as its industry leadership in compound semiconductor technologies into a broad array of adjacent non-RF growth markets. The strategic initiative includes the formation of a new business group, the Compound Semiconductor Group (CSG), which will operate alongside RFMD’s Cellular Products Group (CPG) and RFMD’s Multi-Market Products Group (MPG). RFMD forecasts the total available market (TAM) for non-RF applications addressed by CSG will exceed $1.5 billion in calendar 2015.
RFMD’s Compound Semiconductor Group will create innovative new high-power and high-performance products utilizing the Company’s industry-leading gallium nitride (GaN) and gallium arsenide (GaAs) process technologies. The Compound Semiconductor Group will encompass RFMD’s Power Electronics product line as well as RFMD’s Foundry Services business unit. CSG will also include RFMD’s New Technology Commercialization Center (NTCC), with responsibility for new technology incubation, including RFMD’s cooperative research and development agreement with the National Renewable Energy Laboratory (NREL) related to the commercialization of GaAs-based concentrated photovoltaic cells (CPV).
