(Oslo, 4 September 2020) Nordic Semiconductor has seen continued high demand
over the summer and avoided any significant disruptions in production and
logistics due to the COVID-19 pandemic. As a result, the company increases its
revenue guidance for the third quarter 2020 to USD 112-118 million. 

In the financial report for the second quarter and first half 2020 the company
issued a revenue guidance range of USD 95-105 million for the third quarter,
highlighting that the global COVID-19 measures still implied risks of supply
chain disruptions, and a negative impact on consumer spending and product demand
in the second half of the year.

-We continue to see positive demand trends, with increasing volume from tier-1
customers and OEM manufacturers. Our supply chain has proven to be very
resilient to the logistics challenges that the pandemic has created, says CEO
Svenn-Tore Larsen in Nordic Semiconductor. 

As communicated in the second quarter report the company expects a gross margin
level around 50%-51% for the third quarter 2020.

The order backlog development also indicates a strong outlook for the final
quarter of the year. Nordic Semiconductor releases its interim financial report
for the third quarter on 20 October 2020, which will include a more detailed
review of operations,  financials and guiding for the fourth quarter 2020. 

For further information, please contact:
Pål Elstad, CFO Nordic Semiconductor ASA, +47 991 66 293
Ståle Ytterdal, IR Nordic Semiconductor ASA +47 930 37 430

About Nordic Semiconductor: 
Nordic Semiconductor has been a pioneer in ultra- low power wireless solutions,
from proprietary technologies for PC accessories to today’s Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway. 

For more information go to www.nordicsemi.com 

This information is subject to the disclosure requirements according to Chapter
5 in the Norwegian Securities Trading Act and Chapter 3 of Oslo Stock Exchange’s
 Continuing Obligations of stock exchange listed companies.