In the last CC, RFMD CFO emphasized on LG. LG is becoming a significant customer of RFMD (RFMD quote). However, NOK is still the largest customer and remains the largest customer for FY 2011 with 35% to 40% of total revenue for 2011 based on RFMD CFO.
Growth out of RFMD largest customer (NOK) was 17% for last quarter. This trend will continue especially when customer like media tech switches from 2G to 3G. For media tech, not only percentage will increase to over 40% but also 3G will require more chips per phone.
Market may go down or up but this sector is growing at high rate. RFMD will grow with the sector and will grow based on its huge R&D dollar.