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

    SAN DIEGO and SEOUL, South Korea, July 14 /EMWNews/ -- 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(TM) SOS (Silicon-On-Sapphire)

technology to MagnaChip's Cheongju wafer manufacturing facility.



    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

third-quarter 2008.







    "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 concluded.



    "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

customer."

    About UltraCMOS(TM) Technology



    UltraCMOS(TM) 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(TM) 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 http://www.psemi.com



    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 http://www.magnachip.com.



    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



    [email protected]



    Cindy Trotto, Marketing Communications Manager



    Tel: (602) 750-7203



    [email protected]



    MagnaChip



    In Korea:



    Mi-Jeong HAN, PR Manager



    Tel: 82-2-6903-3195



    [email protected]



    In the U.S.:



    Joseph Villalta at The Ruth Group



    Tel: +646-536-7003



    [email protected]



    The Peregrine Semiconductor name and logo are registered trademarks and

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