Peregrine Introduces UltraCMOS® 10 Technology and Advances the Future of RF Design with a Comprehensive SOI Solution

  Peregrine Introduces UltraCMOS® 10 Technology and Advances the Future of RF
  Design with a Comprehensive SOI Solution

  New Generation of UltraCMOS Technology Delivers Significant First Step in
    Solving the Challenges Encountered in RF Front-End Integration Design

Business Wire

SAN DIEGO -- October 29, 2013

Peregrine Semiconductor Corp. (NASDAQ: PSMI), founder of RF SOI (silicon on
insulator) and pioneer of advanced RF solutions, announces the UltraCMOS 10
platform, the newest advancement in Peregrine’s UltraCMOS technology.
UltraCMOS 10 RF SOI delivers both flexibility and unparalleled performance for
addressing the ever-increasing challenges of RF front-end design. It offers
the performance of UltraCMOS technology with the economies of SOI, and it
delivers a more than 50-percent performance improvement over comparable
solutions.

Peregrine Semiconductor's new UltraCMOS 10 technology platform delivers a more
than 50-percent perfo ...

Peregrine Semiconductor's new UltraCMOS 10 technology platform 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. (Photo: Business Wire)

Peregrine’s versatile, new 130 nm UltraCMOS 10 technology delivers the support
needed for the latest generation of LTE-Advanced smartphones and, for the
first time, will allow the company to deliver cost-competitive products for 3G
smartphones.

Peregrine is enhancing a long-term relationship and leveraging a new one for
the UltraCMOS 10 introduction – Soitec’s breakthrough semiconductor materials
coupled with tier-one fab GLOBALFOUNDARIES’ custom fabrication flow. Paul
Boudre, COO at Soitec says, “We are very pleased that Soitec’s
revolutionary-engineered semiconductor materials support Peregrine’s
next-generation UltraCMOS 10 technology.”

Ajit Manocha, CEO at GLOBALFOUNDRIES describes the collaboration with
Peregrine as follows: “GLOBALFOUNDRIES seeks partnerships with leaders in
their market categories, and we are delighted the opportunity arose to work
with Peregrine Semiconductor. Together, we co-developed a custom flow to help
make Peregrine’s new UltraCMOS 10 generation a truly cutting-edge advance in
RF SOI.”

Smartphone manufacturers face a number of tough design challenges, including
balancing performance requirements with cost and maintaining consumers’ signal
quality and data-rate speeds despite the increasing number of frequency bands
and volume of data. Mobile Experts’ Principal Analyst of Radio Access and RF
Semiconductors Joe Madden offers his perspective on the challenges and growth
curve of the smartphone market by stating, “The iPhone 5S has more than double
the frequency bands than the iPhone 5, and this is just one example of how
dramatically the requirements for smartphone components are increasing. LTE
units are expected to grow from 150 million in 2012 to 1.2 billion in 2018 (42
percent CAGR).” Peregrine’s UltraCMOS 10 technology will outpace these
increasing performance needs so consumers will continue to see improved
connectivity.

The UltraCMOS 10 130 nm generation delivers the industry’s best R[ON] C[OFF]
performance and enables improved performance and scaling. The R[ON] C[OFF
]figure of merit is a ratio of how much loss occurs when a radio signal goes
through a switch in its ON state (R[ON], or on-resistance) and how much the
radio signal leaks through the capacitor in its OFF state (C[OFF], or off
capacitance). The R[ON] C[OFF] performance metric for UltraCMOS 10 technology
is 113 fsec. This is a five-fold improvement over the first generation
released by Peregrine 10 years ago. It represents Peregrine’s expertise in
using best-in-class engineering methodologies and materials to lower insertion
loss without sacrificing isolation performance. In addition to improved R[ON]
C[OFF ]performance, UltraCMOS 10 platform leverages Peregrine’s patented
design technology, which delivers linearity of more than 75 dBm at 900 MHz and
equates to higher data rates and improved co-existence for consumers.

Jim Cable, CEO at Peregrine Semiconductor, sums up Peregrine’s latest
milestone as follows: “Peregrine is applying 25 years of RF SOI knowledge to
deliver the market’s highest level of integration for RF front-end design
capability. UltraCMOS 10 technology offers the industry’s highest performance
at a competitive cost. The platform reinforces Peregrine’s commitment to
continual innovation and honors our legacy of delivering the very best
solutions for our customers.”

Please visit our press kit for images, video and information on today’s other
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.

For further information regarding risks and uncertainties associated with
Peregrine’s business, please refer to the filings that we make with the
Securities and Exchange Commission from time to time, including those set
forth in the section entitled “Risk Factors” in our Form 10-K for the year
ended December 29, 2012, which should be read in conjunction with these
financial results. These documents are available on the SEC Filings section of
the Investor Relations section of our website at http://investors.psemi.com/.
Please also note that forward-looking statements represent our management’s
beliefs and assumptions only as of the date of this press release. Except as
required by law, we assume no obligation to update these forward-looking
statements publicly, or to update the reasons actual results could differ
materially from those anticipated in the forward-looking statements, even if
new information, becomes available in the future.

ABOUT PEREGRINE SEMICONDUCTOR

Peregrine Semiconductor (NASDAQ: PSMI), founder of RF SOI (silicon on
insulator), is a leading fabless provider of high-performance, integrated RF
solutions. Since 1988 Peregrine has been perfecting UltraCMOS® technology – a
patented, advanced form of SOI – to deliver the performance edge needed to
solve the RF market’s biggest challenges, such as linearity. With products
that deliver best-in-class performance and monolithic integration, Peregrine
is the trusted choice for market leaders in automotive, broadband, industrial,
Internet of Things, military, mobile devices, smartphones, space,
test-and-measurement equipment and wireless infrastructure. Peregrine holds
more than 150 filed and pending patents and has shipped 2 billion UltraCMOS
units. For more information, visit http://www.psemi.com.

     The Peregrine Semiconductor name, logo, and UltraCMOS are registered
  trademarks of Peregrine Semiconductor Corporation in the U.S.A., and other
  countries. All other trademarks mentioned herein are the property of their
                              respective owners.

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Contact:

Peregrine Semiconductor
Elizabeth Brown
619-993-4648
pr@psemi.com
 
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