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RF Micro Devices Rises After Developing Product With Qualcomm

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Shares of

RF Micro Devices

(RFMD)

surged after the integrated circuit maker said it completed the second series of power amplifier modules with partner

Qualcomm

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Shares of the Greensboro, N.C., company recently rose 9.3%, or $2.75, to $32.38 in trading on the

Nasdaq

.

The company said the PA3300 series of power amplifier modules, which RF Micro Devices develops using its advanced gallium arsenide heterojunction bipolar transistor process, enables manufacturers to develop more sophisticated and cost-effective wireless handsets that also reduce handset production time.