- 20 July 2006 -

RFMD named to premier NASDAQ Global Select Market

RF Micro Devices, Inc., announced its inclusion in the NASDAQ Global Select Market, a new premier listing tier within The NASDAQ Stock Market(R) for companies that satisfy the highest financial and liquidity qualifications. RFMD's selection to the NASDAQ Global Select Market, which is the highest tier of all NASDAQ-listed companies, highlights RFMD's commitment to corporate governance and its strong financial position. The more rigorous standards of the NASDAQ Global Select Market generally exceed those of all other markets.

"We're pleased to be added to the more exclusive NASDAQ Global Select Market listing," said Bob Bruggeworth, RFMD's President and CEO. "We expect our inclusion in this new top-tier listing will increase our market visibility as we continue to execute on our strategic growth plan and increase our semiconductor content in cellular handsets and other mobile devices."

Companies listed on the new NASDAQ Global Select Market must still meet NASDAQ's existing high corporate governance standards. As a result, they must, among other things, have a majority independent board and an independent audit committee, and independent directors must participate in determining executive officer compensation and the nominees to serve on the board of directors.

"Qualifying for this new listings market is a mark of achievement, leadership and stature for companies," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ. "RFMD is an example of an industry leader that has achieved superior listing standards. In recognizing RFMD, we are highlighting its achievement in meeting these stringent requirements to be included in the market with the highest listing standards in the world," added Mr. Aust.

NASDAQ-listed companies will be grouped under three new tiers - the NASDAQ Global Select Market, the NASDAQ Global Market(SM) and the NASDAQ Capital Market(SM). While the NASDAQ Global Select Market is a new market classification based on more stringent financial initial listing qualifications, the NASDAQ Global Market (formerly the NASDAQ National Market(R)) maintains its current listing standards and was renamed to more accurately reflect the international reach and leadership of the overall spectrum of NASDAQ-listed companies and the NASDAQ market. The NASDAQ Capital Market(R), formerly the NASDAQ SmallCap Market(SM), was renamed in 2005. All three market tiers will maintain rigorous listing and corporate governance standards.

RFMD was previously listed on the NASDAQ National Market (now renamed the NASDAQ Global Market). Following its move to the NASDAQ Global Select Market, there will be no functional difference between how RFMD securities were traded on the NASDAQ National Market and how they will be traded on the NASDAQ Global Select Market.

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