Date: 03/07/2009

Peregrine Semiconductor and MagnaChip completed the qualification of UltraCMOS technology transfer

Peregrine Semiconductor and MagnaChip Semiconductor have completed the final qualification phase in the technology transfer process of Peregrine's UltraCMOS SOS (Silicon-On-Sapphire) technology to MagnaChip's Cheongju wafer manufacturing facility.

Peregrine and MagnaChip began the final qualification phase of the technology transfer in July 2008 and released it to production. Both companies were able to complete the process of technology transfer in quick 10-month due to their standard CMOS foundation.

"We always understood that the value of UltraCMOS to the RF industry would be its unique ability to manufacture products with the highest RF performance possible, and ensure swift portability from fab to fab because of its industry-standard CMOS foundation," stated Jim Cable, CEO of Peregrine Semiconductor Corp. "With MagnaChip as a fully qualified and deployed manufacturing resource, our customers continue to be assured of the supply and availability of Peregrine's products and technology," he concluded.

Channy Lee, Executive Vice President and General Manager of MagnaChip's Semiconductor Manufacturing Services commented, "MagnaChip's manufacturing services are targeted to customers who require differentiated, specialty analog and mixed-signal process technologies serving highgrowth markets. With its revolutionary UltraCMOS SOS technology and high-performance RFIC products, Peregrine exemplifies this type of customer. MagnaChip's reliable manufacturing expertise combined with our customers' design capabilities will continuously allow us to provide robust and cost-competitive manufacturing solutions to our customers."