The purpose of this invention is to realize a radio frequency monolithic integrated circuit high in performance, small in size and low in cost, where transistors and passive elements are arranged on a chip in which a conductive silicon substrate functions as a ground. Since the electromagnetic fields of passive elements induce a current in a conductive silicon substrate, a loss due to generation of Joule heat or the like occurs to lead to deterioration of the performance of the passive elements. To solve this problem, an SOI layer comprising a semiconductor layer having a large thickness and a high resistivity and a conductive silicon substrate is used, and passive elements and an active element are formed on the same substrate. Alternatively, a cavity is provided in the conductive substrate directly beneath the SOI layer in the region where the passive elements are formed, thereby attaining the object.