SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 13, 2012 08:20 ET

Micron Technology and RF Micro Devices Benefitting From Semiconductor Industry Recovery

The Paragon Report Provides Equity Research on Micron Technology & RF Micro Devices

NEW YORK, NY--(Marketwire - Feb 13, 2012) - Semiconductor stocks have performed well in the early stages of 2012. The PowerShares Dynamic Semiconductors ETF -- with most of its components coming predominantly from chipmakers -- is up more than 13 percent year to date as industry heavyweights posted strong earnings results for the final quarter of 2011. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Micron Technology, Inc. (NASDAQ: MU) and RF Micro Devices Inc. (NASDAQ: RFMD). Access to the full company reports can be found at:

Last week the Semiconductor Industry Association (SIA) reported that worldwide semiconductor sales for 2011 reached a record $299.5 billion, a year-on-year increase of 0.4 percent from the $298.3 billion recorded in 2010. "Between the natural disasters in Japan and Thailand and the overall impact of a weak global economy, 2011 presented a number of major challenges for the semiconductor industry. Despite these setbacks the industry showed resiliency and posted year-on-year growth with record-breaking revenues for 2011," said Brian Toohey, president, Semiconductor Industry Association.

The SIA gave a cautiously optimistic outlook for 2012. The SIA stated in a press release that it expects the semiconductor industry to experience further recovery due to increased demand across a broad range of end market segments combined with the delayed sales impact from the supply chain disruptions in the second half of 2011.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the semiconductor industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Earlier this month the board of directors for Micron named Mark Durcan the company's chief executive officer after long time CEO and Chairman Steve Appleton died tragically in a plane crash.

RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies in the United States and internationally. The company -- whose chips are used by cellphone makers such as Nokia and Motorola Mobility -- recently posted third-quarter revenue of $225.4 million, down from $278.8 million in the period a year ago.

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