Peregrine Semiconductor CEO Chosen as San Diego Business Journal “Most Admired CEO”

San Diego, California, Dec. 17, 2012 – Peregrine Semiconductor Corporation (NASDAQ: PSMI), a fabless provider of high-performance radio frequency integrated circuits (RFICs), today announced that its Chief Executive Officer (CEO), Jim Cable, was chosen as “Most Admired CEO” in the category of large public companies, an honor bestowed annually by the San Diego Business Journal. More than 100 San Diego CEOs were nominated for the award, in the categories of Business Nonprofit, Nonprofit Organization, Public Companies, and Private Companies. The winners were announced at an exclusive reception and awards program on December 6, and published in the December 10 issue of the San Diego Business Journal.

“My name may be on this award, but it is the employees of Peregrine who earned it,” said Cable. “We ship millions of radio frequency integrated circuits a week out of our Sorrento Valley corporate headquarters, and we have expanded our local workforce significantly in the last year to make that happen. Additionally, we announced a successful IPO in August. None of this would be possible without our dedicated, hard-working employees. I am honored to accept this award on behalf of the entire Peregrine team.”

“This is our sixth year recognizing San Diego’s most exceptional leaders,” said Randy Frisch, President and Publisher of the San Diego Business Journal. “These individuals are not only hard-working, innovative business people—they are model citizens who truly exemplify what it means to be a San Diego Business Journal ‘Most Admired CEO.’ These CEOs drive their businesses and the local economy, as  well as make San Diego a great place to live.”

In celebration of its IPO, Peregrine rang the opening bell at the NASDAQ market site in New York City in November. Photos and a video of the event can be found on the NASDAQ Web site at http://bit.ly/Tspza7.

More information about the San Diego Business Journal’s “Most Admired CEO” awards can be found at http://sdbj.com/.

About the San Diego Business Journal

The award-winning weekly San Diego Business Journal examines the many ways that the San Diego economy operates. First-rate editorial and research teams provide in-depth analysis of the community’s ever-changing business and economic scene. One of the San Diego Business Journal’s most widely-read features is The List, which ranks the top businesses in any given industry. Those surveys are then compiled into an invaluable resource—the annual Book of Lists. More information about the San Diego Business Journal and its “Most Admired CEO” awards can be found at http://sdbj.com/.

About Peregrine Semiconductor

Peregrine Semiconductor (NASDAQ: PSMI) is a fabless provider of high-performance radio frequency integrated circuits (RFICs). Our solutions leverage our proprietary UltraCMOS® technology, an advanced RF Silicon-On-Insulator process. Our products deliver what we believe is an industry- leading combination of performance and monolithic integration, and target a broad range of applications in the aerospace and defense, broadband, industrial, mobile wireless device, test and measurement equipment, and wireless infrastructure markets. Additional information is available on the Company’s website at https://www.psemi.com.

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The Peregrine Semiconductor name, logo and UltraCMOS are registered trademarks of Peregrine Semiconductor Corporation in the U.S.A., and other countries. All other trademarks mentioned herein are the property of their respective owners.

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