RF Micro Devices Inc. (RFMD, Greensboro, NC), a provider of proprietary radio frequency integrated circuits for wireless communications applications, announced its strategic focus around three core business units, comprised of cellular, wireless connectivity and infrastructure, with each unit reporting to president and CEO Bob Bruggeworth. The company forecasts the total market addressed by these core business units will grow to approximately $6 billion in three years, and it has identified opportunities it believes will drive the company's revenue beyond $1 billion within three years.
Bob Bruggeworth, president and chief executive officer of RF Micro Devices, said, "As we begin our fiscal 2005, our realignment around these three core business units demonstrates our commitment to growth in each of our markets, and more closely aligns our product development and marketing efforts with our customers and their end markets. We will continue to invest in the assets and resources necessary to grow in each of our core markets, and we forecast these investments will enable the company to exceed one billion dollars in revenue within three years."
