Financial Releases
TriQuint Named a Top Supplier in RF Device Industry; Market Sees 17% Year on Year Growth
HILLSBORO, OR (USA) – September 9, 2008 – TriQuint Semiconductor, Inc (Nasdaq: TQNT), a leading RF front-end product manufacturer and foundry services provider, was named a top RF device supplier in Strategy Analytics annual studies ranking the world's leading Gallium Arsenide (GaAs) device manufacturers. The reports1 note the GaAs device market experienced 17% year-on-year growth and that TriQuint’s overall success in the industry is centered upon "strong positions in diverse end markets, a strategy that in some cases is only starting to be emulated by the company's competitors." The report also notes TriQuint retains the mantle of the world's largest GaAs foundry.
Asif Anwar, Program Director of GaAs Service at Strategy Analytics noted "Strategy Analytics sees TriQuint continuing to grow from strength to strength in 2008, augmented by a strong combination of process technologies and filter and packaging capabilities." Mr. Anwar also stated that "a couple of smart acquisitions (Peak and WJ Communications) will enhance TriQuint's leadership in higher margin markets."
Ralph Quinsey, Chief Executive Officer at TriQuint said "TriQuint is committed to being a technology leader in the design, development, and manufacturing of GaAs, GaN, BAW and SAW technologies. We are utilizing our industry-leading portfolio to serve a diverse combination of high-growth, high-volume and high-margin markets." Mr. Quinsey commented that TriQuint's technology leadership and position as the world's largest GaAs foundry is helping the company earn more strategic business. "In the Handset market, we are ramping production of the world's smallest Polar EDGE PA module. Our Networks team secured significant volume in MIMO WLAN laptops, and our Defense and Aerospace group was recently recognized by Northrop Grumman with two distinct awards."
FACTS ABOUT TRIQUINT
Founded in 1985, we "Connect the Digital World to the Global Network"™ by supplying high-performance RF modules, components and foundry services to the world's leading communications companies. Specifically, TriQuint supplies products to four out of the top five cellular handset manufacturers, and is a leading gallium arsenide (GaAs) supplier to major defense and space contractors. TriQuint creates standard and custom products using advanced processes that include gallium arsenide, surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies to serve diverse markets including wireless handsets, base stations, broadband communications and military. TriQuint is also lead researcher in a 3-year DARPA program to develop advanced gallium nitride (GaN) amplifiers. TriQuint, as named by Strategy Analytics in August 2008, is the number-three worldwide leader in GaAs devices and the world’s largest commercial GaAs foundry. TriQuint has ISO9001 certified manufacturing facilities in Oregon, Texas, and Florida and a production plant in Costa Rica; design centers are located in North America and Germany. Visit TriQuint at www.triquint.com/rf to register for our newsletters.
1Strategy Analytics: GaAs Device Vendor Market Share 2007: North America & GaAs Device Vendor Market Share 2007: Asia-Pacific and Europe