Oslo, Norway – 3 December 2018 - Nordic Semiconductor (OSE: NOD, “Nordic” or
“the company”), a global provider of low power wireless connectivity, today
announces a revised guidance for the full year 2018, with expected revenues
around USD 270 million and Bluetooth growth of 20 to 25 per cent. This implies a
revenue for the second half of 2018 of around USD 140 million and a Bluetooth
growth of 5 to 7 per cent, compared to the company’s previous revenue guidance
of the low end of USD 150 to 160 million and Bluetooth growth of 20 to 25 per
cent. The gross margin expectation remains at around 50 per cent for the second
half of 2018.

The Asian markets, and in particular the Chinese market, are currently
characterized by high uncertainty related to the ongoing trade tensions between
China and the US, including the announced tariffs on imported goods between the
two countries. This results in temporarily weaker demand and thus lower expected
revenues and Bluetooth growth for the fourth quarter of 2018 than previously
expected.

 “Both our distributors and their customers are currently awaiting the
consequences of the ongoing trade tensions between the US and China, impacting
our sales for this quarter, as well as our projected growth going forward. This
uncertainty also reduces our visibility,” comments Svenn-Tore Larsen, CEO of
Nordic Semiconductor.

“However, looking beyond this short-term volatility, we remain confident that
global megatrends, such as increased demand for connected devices from the
Internet of Things (IoT), strong interest in healthcare and smart home
solutions, support a continued strong growth for us going forward,” Larsen adds.

With regards to guidance for 2019, this will be announced in connection with the
Q4 2018 presentation. 

For further information, please contact:
Svenn-Tore Larsen, CEO, tel: +47 982 85 476
Pål Elstad, CFO, tel: +47 991 66 293


For more information go to www.nordicsemi.com 

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Tr