Exhibit 12.1
RF Micro Devices, Inc.
Summary Of Earnings to Fixed Charges
Debt Offering
<TABLE>
<CAPTION>
Six
Year Ended March 31, Months Ended
1996 1997 1998 1999 2000 30-Sep-00
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<S> <C> <C> <C> <C> <C> <C>
Interest Expense (81) (27) 184 1,244 1,400 2,267
Interest Capitalized - - 315 912 - -
Portion of Rent Expense
Representing Interest 84 218 737 1,547 2,549 1,778
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Total Fixed Charges $ 3 $ 191 $ 1,236 $ 3,703 $ 3,949 $ 4,045
Earnings:
Income Before Taxes (5,188) 1,761 (523) 24,452 77,068 53,905
Fixed charges (per above) 3 191 1,236 3,703 3,949 4,045
Less Capitalized interest - - (315) (913) - -
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Earnings $(5,185) $1,952 $ 398 $ 27,242 $ 81,017 $ 57,950
Ratio Earnings to Fixed Charges N/M 10.2 N/M 7.4 20.5 14.3
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Earnings Insufficient to cover
Fixed Charges $(5,188) $ (523)
Operating Lease Expense 255 660 2,233 4,689 7,724 5,387
Assumed Interest Component 33% 33% 33% 33% 33% 33%
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</TABLE>
