Peregrine Semiconductor Targets China Telecom Market With MicrochipSunday, April 13, 2014
San Diego-based Peregrine Semiconductor Inc. announced on April 9 that it plans to introduce its UltraCMOS Global 1 microchip to the Chinese telecom market.
The Peregrine (Nasdaq: PSMI) product offers reconfigurable radio-frequency electronics at the front end of the system — which the company says is an industry first — and it supports the 4G wireless communication standard called TDD-LTE. China has recently licensed TDD-LTE networks.
The company said it plans volume production of the UltraCMOS Global 1 chip in late 2015.
Peregrine Semiconductor stock closed down 3 percent to $6.08 on April 11. The stock’s 52-week range has been $4.75 to $12.09.
At the end of the day April 11, Peregrine’s market capitalization stood at $201.0 million.