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Peregrine And GLOBALFOUNDRIES Collaborate To Advance RF SOI Technology

Peregrine Semiconductor Corp. (NASDAQ: PSMI), founder of RF SOI (silicon on insulator) and pioneer of advanced RF solutions, and GLOBALFOUNDRIES, a leading provider of semiconductor manufacturing technology, are sampling the first RF Switches built on Peregrine’s new UltraCMOS 10 RF SOI technologies. This partnership unites Peregrine’s 25 years of RF SOI experience with a tier-one foundry. In a joint development effort, GLOBALFOUNDRIES and Peregrine created a unique fabrication flow for the versatile, new, 130 nm UltraCMOS 10 technology platform. This new technology delivers a more than 50-percent performance improvement over comparable solutions. UltraCMOS 10 technology gives smartphone manufacturers unparalleled flexibility and value without compromising quality for devices ranging from 3G through LTE networks.

“GLOBALFOUNDRIES is the perfect strategic partner for Peregrine’s next generation of RF SOI technologies,” says Jim Cable, CEO at Peregrine Semiconductor. “It enables us to have a comprehensive technology roadmap with access to future-generation technologies. This joint-development partnership offers our customers new levels of product performance, reliability and scalability, and it enables us to push the envelope of integrated RF Front-End innovation.”

“Peregrine Semiconductor’s leadership in RF SOI solutions makes the company an ideal partner as we expand our expertise and capabilities as part of our Singapore Vision 2015 initiative,” says GLOBALFOUNDRIES CEO Ajit Manocha. “The joint development of a unique fabrication flow, coupled with Peregrine’s RF expertise, allows us to produce the highest-performing RF SOI solution on the market today.”

Please visit our press kit for more information on today’s news from Peregrine.

USE OF FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements regarding our management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects. Such statements constitute “forward-looking” statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results, performance or achievements could be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, our dependence on a limited number of customers for a substantial portion of our revenues; intellectual property risks; intense competition in our industry; our ability to develop and introduce new and enhanced products on a timely basis and achieve market acceptance of those products; consumer acceptance of our customers’ products that incorporate our solutions; our lack of long-term supply contracts and dependence on limited sources of supply; and potential decreases in average selling prices for our products.

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