2008 revenue growth of more than 40% over 2007
ANDOVER, MA and OTTAWA, Dec. 22 /PRNewswire/ - SiGe Semiconductor, Inc. today announced another record-setting year of growth, with greater than 350 million units shipped since the company's inception. The company expects 2008 full year revenues to be approximately US $98 million with shipments of more than 120 million units during the year.
"This is the fifth consecutive year that SiGe Semiconductor has achieved annual revenue growth of more than 40 percent," said Sohail Khan, chief executive officer, SiGe Semiconductor. "We have increased our leadership position in the wireless LAN and WiMAX markets due, in large part, to our innovative solutions and outstanding customer and technical support."
Spanning the consumer, mobile, and computing marketplace, SiGe Semiconductor's diverse and comprehensive portfolio provides the performance, range, and reliability required by wireless local area networks (802.11b/g/a and Wi-Fi(R)), Bluetooth(R), WiMAX(R), GPS, and home entertainment systems. The company's innovative and highly-integrated solutions are designed to provide original equipment manufacturers (OEMs), such as Apple, Nintendo, Dell, HP, and others, with a competitive edge.
In 2008, SiGe Semiconductor expanded its global operations, earned four industry awards, and released numerous innovative solutions with industry-leading features for WLAN, WiMAX, and GPS.
"SiGe is consistently delivering impressive results, they have made the right investments to keep pace with the demands of the consumer industry while maintaining their #1 leadership position in the WLAN space," said Will Strauss, president and principal analyst for Forward Concepts.
Highlights for 2008 include:
- Industry Awards:
- Ranked number 114 Fastest Growing Company in North America on
Deloitte's 2008 Technology Fast 500.
- Awarded leading product status in the prestigious Electronic Design
News (EDN) China Innovation Awards 2008 for the SE2593A, the
world's most integrated RF front-end module for Wi-Fi applications
that meets and exceeds the IEEE 802.11n specification requirements
- Ranked Number 5 on the list of the Top 10 Wireless Solution
Companies in Canada and Number 58 on the Branham300 List of
Canada's Top 250 Technology Companies, as published by Branham
Group Inc.
- SiGe's SE4120S, the world's smallest Global Navigation Satellite
System (GNSS) receiver, won Electronic Products China's prestigious
Product Award.
- New industry-first solutions:
- The SE2568U high-performance power amplifier (PA) offers the
industry's smallest solution footprint for embedded WLAN
functionality.
- The SE2566U is the industry's only RF front-end solution to
integrate two 2.4GHz fully matched power amplifiers on a single
die. It is the world's smallest, most cost-effective RF front-end
solution for Wi-Fi applications.
- Industry-leading performance for mobile WiMAX with the SE7262L
high-power amplifier, which delivers industry-leading performance
while exceeding the spectral mask requirements outlined in IEEE
802.16e and WiMAX Forum specifications.
- The world's smallest dual-antenna input GPS receiver IC, the
SE4150L, supports next-generation, embedded GPS systems.
- Expanded facilities on a global basis with a particular focus on Asia.
During the year, the company increased its footprint in Hong Kong,
Japan, and Taiwan. With these new operational bases, SiGe is better
positioned to serve and support its customer base around the globe.
"Despite the current economic climate, we see significant opportunities in 2009, and plan to continue to expand our market influence and product portfolio to meet increased global demand for wireless multimedia solutions by consumer electronics manufacturers," added Khan. "Reviewing 2008, SiGe Semiconductor's rankings and awards underscore the company's outstanding financial performance, driven by our expanding portfolio of industry-leading products."
About SiGe Semiconductor
SiGe Semiconductor is a leading global supplier of the products that are enabling wireless multimedia in a wide variety of computing, entertainment and mobile systems. Our innovative radio frequency integrated circuits and multi-chip modules simplify the addition of mobile broadband access and location-based capabilities to consumer electronics. SiGe products are designed specifically for these applications, providing the un-equaled performance that is necessary for high-quality, user-focused applications on the go. Offering exceptional performance, our products comply with Wi-Fi(R), WiMAX(TM), and GPS technology standards. We deliver solutions designed for the end system application, enabling ease of integration and reduced time to market. SiGe operates worldwide, servicing leading consumer electronics OEMs and ODMs from five key sites as well as through an extensive global distribution network.
About SiGe Semiconductor's Lead-Free Initiative
The use of lead in the design and manufacture of electronic products is an increasing environmental concern. In support of industry-wide initiatives to protect the environment, all SiGe Semiconductor, Inc. products we ship today are lead-free and RoHS compliant.
Forward Looking Statements
This news release may contain certain forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and SiGe Semiconductor, Inc. does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.