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Technology Stocks : Triquint Semiconductor (TQNT)

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From: Savant5/16/2012 11:28:37 AM
1 Recommendation   of 995
Avago Technologies Limited and TriQuint Semiconductor, Inc. Agree to Confidential
Settlement of All Outstanding Claims

Avago Technologies Limited (AVGO), a leading supplier of analog interface
components for communications, industrial and consumer applications, and TriQuint
Semiconductor, Inc. (TQNT), a leading RF solutions supplier and technology
innovator today announced that they have agreed to settle all claims between the
companies. The two parties have entered into patent cross licenses and have
agreed to dismiss all related litigation. The specific terms of the settlement
and the resulting licensing agreement are confidential.

"We are pleased to have reached an amicable resolution with TriQuint," said Hock
Tan, President and CEO of Avago Technologies Limited.

"We are happy to have successfully put this litigation behind us," added Ralph
Quinsey, CEO of TriQuint Semiconductor, Inc.

About Avago Technologies Limited

Avago Technologies Limited is a leading designer, developer and global supplier
of a broad range of analog semiconductor devices with a focus on III-V based
products. Our product portfolio is extensive and includes over 6,500 products in
four primary target markets: wireless communications, wired infrastructure,
industrial and automotive electronics and consumer and computing peripherals.

Facts About TriQuint

Founded in 1985, TriQuint Semiconductor (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


TriQuint: Connecting the Digital World to the Global Network(R)

SOURCE: TriQuint Semiconductor, Inc.

Avago Technologies Ltd.
Thomas Krause, VP Corporate Development, +1-408-435-7400
TriQuint Semiconductor, Inc.
Steve Buhaly, VP of Finance & Administration, CFO, +1-503-615-9401
Roger Rowe, Director, Investor Relations, +1-503-615-9189
Media Contact:
Brandi Frye, Director, Marketing Communications, +1-503-615-9488
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