SUNNYVALE, Calif. -- Sirenza Microdevices, Inc. (Nasdaq:SMDI), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today announced a $7.5-million equity investment in Global Communication Semiconductors, Inc. (GCS), a privately held semiconductor foundry service provider. The purchase of GCS Series D-1 preferred stock will give Sirenza approximately 12% ownership of GCS on a fully diluted basis. In connection with the investment, GCS will elect a representative of Sirenza to its seven-member board of directors. "We're pleased to join other investors in funding the growth of GCS as a leading-edge foundry for RF components," said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. "This investment emphasizes our strategic relationship with GCS and reinforces GCS's role as a source of advanced technology for Sirenza. The investment also supports our fabless operating model, and we believe that it will strengthen our supply chain and help us maintain our price/performance leadership across a broad spectrum of products for both wireless and broadband wireline markets." Sirenza Microdevices Inc. Global Communications Semiconductors Inc. (GCS)