HILLSBORO, Ore.--(BUSINESS WIRE)--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions
supplier and technology innovator, has issued the following response to
the letter received from Starboard Value LP dated October 29th,
2013.
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TriQuint welcomes constructive input from all shareholders including
Starboard Value LP. TriQuint's Board of Directors and management
regularly review the business strategy and have taken meaningful
steps to increase shareholder value including the sale of
underutilized equipment, share buybacks, as well as the withdrawal
from unattractive businesses over time.
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Given the investments that have been made over the past few years in
premium filters combined with a comprehensive suite of complementary
products, manufacturing technologies, and packaging options,
TriQuint is uniquely positioned to address the current and future
trends in the RF industry.
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FACTS ABOUT TRIQUINT
Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading
global provider of innovative RF solutions and foundry services for the
world's top communications, defense and aerospace companies. People and
organizations around the world need real-time, all-the-time connections;
TriQuint products help reduce the cost and increase the performance of
connected mobile devices and the networks that deliver critical voice,
data and video communications. With the industry's broadest technology
portfolio, recognized R&D leadership, and expertise in high-volume
manufacturing, TriQuint creates standard and custom products using
gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave
(SAW) and bulk acoustic wave (BAW) technologies. The company has
ISO9001-certified manufacturing facilities in the U.S., production in
Costa Rica, and design centers in North America and Germany. For more
information, visit www.triquint.com.
TQNT-F
TriQuint: Reach Further, Reach Faster™
TriQuint Semiconductor
VP of Finance & Administration, CFO
Steve
Buhaly, +1-503-615-9401
sbuhaly@triquint.com
or
Director,
Investor Relations
Grant Brown, +1-503-615-9413
gbrown@triquint.com
Source: TriQuint Semiconductor
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