Exhibit 99.1

FOR IMMEDIATE RELEASE:
- ----------------------                                                  Contact:
                                                                  (336) 664-1233
                                                                    Doug DeLieto
                                                  Director of Investor Relations

                     RF MICRO DEVICES PRICES $200 MILLION OF
                      1.50% CONVERTIBLE SUBORDINATED NOTES

         GREENSBORO, N.C., JUNE 26, 2003 - RF Micro Devices, Inc. (Nasdaq: RFMD)
announced today the pricing of its offering of $200 million  principal amount of
its 1.50%  Convertible  Subordinated  Notes due 2010 to qualified  institutional
buyers  pursuant to Rule 144A under the  Securities Act of 1933, as amended (the
"Securities Act"). The notes will be convertible into the Company's common stock
at a conversion  rate of 131.0685 shares per $1,000  principal  amount of notes,
which is equal to an approximate conversion price of $7.63 per share, subject to
adjustment in certain  circumstances.  This  represents a 32.0% premium based on
the last reported sale price of the Company's common stock on June 25, 2003. The
Company has granted the initial purchasers of the notes an overallotment  option
to  purchase  an  additional  $30  million  principal  amount of the notes.  The
offering is expected to close July 1, 2003.
         The Company intends to use the net proceeds of the offering for working
capital,  general  corporate  purposes and to retire certain long-term debt. The
Company  has  repurchased  $150  million  aggregate   principal  amount  of  its
outstanding 3.75% convertible subordinated notes due 2005.
         This  announcement is neither an offer to sell nor a solicitation of an
offer to buy any of these securities.
         The notes and the common stock  issuable  upon  conversion of the notes
will not be registered  under the Securities Act or any state  securities  laws,
and unless so registered  may not be offered or sold in the United States except
pursuant to an exemption from the  registration  requirements  of the Securities
Act and applicable state securities laws.

         This press release contains forward-looking  statements relating to the
company's plans, objectives and estimates.  The company's business is subject to
numerous risks and  uncertainties,  including  fluctuations in operating results
and market  growth  rates,  wafer  fabrication  risks,  management of growth and
production yield variability.  These and other risks, which are described in the
company's  annual  report and other  filings  with the SEC,  could cause  actual
results to be  materially  different  from those  expressed  or implied by these
statements.


         SOURCE RF Micro Devices, Inc.
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          RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC.