Ceremony to Commemorate 25th Anniversary's
Record Earnings and 2011 Growth Projections
HILLSBORO, Ore.--(BUSINESS WIRE)--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions
supplier and technology innovator, will ring The NASDAQ Stock Market
Opening Bell on Friday, February 25, 2011.
"We recently announced record revenue and earnings for 2010, our 25th
anniversary. There's much enthusiasm for our new opportunities in high
growth markets such as smartphones, tablet PCs and network
infrastructure," said Ralph Quinsey, President and CEO of TriQuint
Semiconductor. "In 2011, we are expanding our fab capacity by up to 40%,
investing in R&D and planning to hire up to 500 new employees. I can't
think of a better place to demonstrate our optimism for our future than
by opening the NASDAQ market."
To commemorate TriQuint's 25th anniversary, a
delegation of employees representing TriQuint's global workforce and
manufacturing operations in Oregon, Texas, Florida and Costa Rica will
accompany Mr. Quinsey to participate in Friday's opening ceremony at the
NASDAQ MarketSite in New York City's famed Times Square. Mr. Quinsey and
members of the executive team will host TriQuint's annual investor day
in New York City on February 23rd.
A live webcast of the bell ringing ceremony will be available from 9:15
a.m. to 9:30 a.m. EST at www.nasdaq.com/about/marketsitetowervideo.asx.
FORWARD LOOKING STATEMENTS
This TriQuint Semiconductor, Inc. (NASDAQ: TQNT) press release contains
forward-looking statements made pursuant to the Safe Harbor provisions
of the Private Securities Litigation Reform Act of 1995. Readers are
cautioned that forward-looking statements involve risks and
uncertainties. The cautionary statements made in this press release
should be read as being applicable to all related statements wherever
they appear. Statements containing such words as ‘enthusiasm,' ‘high
growth,' ‘better' or similar terms are considered to contain uncertainty
and are forward-looking statements. A number of factors affect
TriQuint's operating results and could cause its actual future results
to differ materially from any results indicated in this press release or
in any other forward-looking statements made by, or on behalf of,
TriQuint including, but not limited to: those associated with the
unpredictability and volatility of customer acceptance of and demand for
our products and technologies, the ability of our production facilities
and those of our vendors to meet demand, the ability of our production
facilities and those of our vendors to produce products with yields
sufficient to maintain profitability, as well as the other "Risk
Factors" set forth in TriQuint's most recent 10-Q report filed with the
Securities and Exchange Commission. This and other reports can be found
on the SEC web site, www.sec.gov.
A reader of this release should understand that these and other risks
could cause actual results to differ materially from expectations
expressed / implied in forward-looking statements.
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.
TriQuint: Connecting the Digital World to the Global Network®
TriQuint Semiconductor, Inc.
Shannon Rudd, +1-503-615-9407
Strategic
MarCom Manager
srudd@tqs.com
Source: TriQuint Semiconductor, Inc.
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