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Peregrine Semiconductor - Press Release 7-14-2008

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Peregrine Semiconductor and MagnaChip Begin Final Qualification on UltraCMOS™ Technology Transfer

San Diego, California, USA, and Seoul, South Korea, July 14, 2008. Peregrine Semiconductor

Corporation, a leading supplier of high-performance RF CMOS and mixed-signal communications ICs,

and MagnaChip Semiconductor Ltd., a leading Asia-based designer and manufacturer of analog and

mixed-signal semiconductor products for high volume consumer applications, today, announced that

the final qualification phase has begun in the process technology transfer of Peregrine’s

UltraCMOS™ SOS (Silicon-On-Sapphire) technology to MagnaChip’s Cheongju wafer manufacturing


Peregrine and MagnaChip have been actively transferring the UltraCMOS process technology since

mid-2007. Several Peregrine products have now successfully passed validation testing and are now

entering the final phase of qualification. Qualification is expected to be complete by the end of thirdquarter


“Peregrine is making substantial gains in market share of high-performance RFICs, especially in the

high-throw-count antenna switch opportunity in GSM/WCDMA handsets,” stated Jim Cable, CEO of

Peregrine Semiconductor Corp. “In order to satisfy the demands of these high-volume, highly visible

customers, we designed the ideal mix of suppliers and developed long-term strategic relationships.

Fortifying our supply chain, this agreement provides significant capacity for growth,” he added. “By

securing MagnaChip -- among the top foundries in the world -- as a manufacturing resource, our

customers will be assured of the supply and availability of Peregrine’s products and technology,” he


“Peregrine’s yield and performance standards for UltraCMOS products are very high,” stated Mark

Miscione, Vice President of Manufacturing at Peregrine Semiconductor. “The speed at which

MagnaChip was able to accomplish this technology transfer and the resulting performance of the

components have been excellent,” he added.

“MagnaChip’s semiconductor manufacturing services are targeted to customers who require

differentiated, specialty analog and mixed-signal process technologies. With this joint technology

development, MagnaChip and Peregrine have entered into a long-term strategic relationship that will

enable Peregrine to support their rapid growth and allow us to develop unique manufacturing

expertise,” said Channy Lee, Executive Vice President and General Manager of MagnaChip’s

Semiconductor Manufacturing Services Division.

Sang Park, Chairman and CEO of MagnaChip, commented, “Our goal is to build solid, strategic

relationships with strong foundry customers, serving high-growth markets. With its revolutionary

UltraCMOS SOS process and high-performance RFIC products, Peregrine exemplifies this type of


About UltraCMOS™ Technology

UltraCMOS™ mixed-signal process technology is a patented variation of silicon-on-insulator (SOI)

technology on a sapphire substrate. This technology provides high yields, competitive costs and

delivers significant performance advantages over competing processes such as GaAs, SiGe BiCMOS

and bulk silicon CMOS in applications where RF performance, low power and high levels of

integration are paramount.


About Peregrine Semiconductor

Peregrine Semiconductor Corporation designs, manufactures, and markets high-performance

communications RF ICs for the wireless infrastructure and mobile wireless; broadband CATV/DTV;

communications infrastructure; and aerospace and avionics markets. Manufactured on the

Company’s proprietary UltraCMOS™ mixed-signal process technology, Peregrine products are

uniquely poised to meet the needs of a global RF design community in high-growth applications such

as WCDMA, EDGE and GSM digital cellular, broadband, DTV, DVR and rad-hard space and defense

programs. Peregrine, headquartered in San Diego, California, maintains global sales support

operations and a worldwide technical distribution network. Additional information is available on the

web at


About MagnaChip Semiconductor

Headquartered in Seoul, South Korea, MagnaChip Semiconductor is a leading, Asia-based designer

and manufacturer of analog and mixed-signal semiconductor products for high volume consumer

applications, such as mobile phones, digital televisions, flat panel displays, notebook computers,

mobile multimedia devices and digital cameras. The Company has a broad range of analog and

mixed-signal semiconductor technology, supported by its 29-year operating history, large portfolio of

registered and pending patents and extensive engineering and manufacturing process expertise. For

more information, visit


Forward-Looking Statements:

Certain statements contained in this press release contain forward-looking statements regarding MagnaChip

Semiconductor's operations, economic performance and financial condition. Although MagnaChip Semiconductor believes that the expectations reflected in these statements are reasonable, no assurance can be given that such expectations will prove to have been correct as a result of many factors, including those described in our annual report on Form 10-K for the year ended December 31, 2007, which was filed with the Securities and Exchange Commission on March 31, 2008.


Press Contacts:

Peregrine Semiconductor Corporation
Rodd Novak, V.P., Marketing
Tel: (858) 731-9464

Cindy Trotto, Marketing Communications Manager
Tel: (602) 750-7203


In Korea:

Mi-Jeong HAN, PR Manager
Tel: 82-2-6903-3195

In the U.S.:

Joseph Villalta at The Ruth Group
Tel: +646-536-7003

The Peregrine Semiconductor name and logo are registered trademarks and UltraCMOS and HaRP are trademarks of Peregrine Semiconductor Corporation. All other trademarks are the property of their respective owners.