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   Technology StocksTriquint Semiconductor (TQNT)


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From: Savant2/12/2014 6:09:27 AM
   of 995
 
TriQuint Drives LTE Advances with a Growing Line of Unique, High-Performance Filters
As global LTE deployments accelerate, TriQuint leverages its proprietary acoustic wave filtering technologies to solve complex system and chipset challenges for next-gen 4G smartphones and other mobile devices

HILLSBORO, Ore.--(BUSINESS WIRE)--February 11, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced several new premium filters for next-generation smartphones and other mobile devices. The high-performance filters utilize the company's advanced acoustic wave filtering technologies to address some of the industry's toughest LTE interference problems.

The number of cellular and Wi-Fi bands packed inside compact high-end smartphones is skyrocketing to support 2G/3G/4G voice and data services, as well as global roaming. Advanced filter technology is required to mitigate the resulting interference issues. A global spectrum crunch adds to the growing interference problems as governments around the world squeeze new 4G bands with higher performance requirements next to existing bands, often with minimal band guards.

"TriQuint's expanding line of advanced filters solves challenging LTE interference issues for mobile device manufacturers and can provide higher data rates over longer distances for end-users," said Sean Riley, Vice President of Mobile Products. "Our specialty quadplexer also enables carrier aggregation techniques for operators eager to boost spectrum efficiency within their overburdened networks. These filters leverage our proprietary acoustic wave technologies to accelerate the next generation of wireless communications."

TriQuint's specialty filters are capturing numerous design wins in high-volume 4G smartphones from multiple manufacturers, as well as coveted sockets on reference designs from leading chipset suppliers. The new filters reflect the TriQuint hallmark: providing industry-leading performance in the world's smallest form factors. They include the industry's first diplexer for LTE Bands 38 and 40, which is more than 30% smaller than discrete solutions. TriQuint also unveiled the first carrier aggregation module for Bands 2/25 and 4, an integrated quadplexer that is half the size of discrete architectures. The company's new Band 7 LTE duplexer and its Band 41 LTE receive filter both achieve exceptionally low insertion loss to help maximize the incoming signal strength, resulting in higher data throughput over longer operating distances.

Product Details

Part # Description Bands Size (mm) Features --------- -------------------- --------- --------- ----------------------- 885043 LTE Tx/Rx Diplexer B38 & B40 1.7 x 1.3 2-in-1 Filter for Full Band 40 Coverage with Low Loss; BAW filter technology --------- -------------------- --------- --------- ----------------------- TQQ2504 LTE SE / SE Duplexer B25 & B4 3.6 x 2.0 B2 /25 / 4 Quadplexer; BAW & SAW filter technology --------- -------------------- --------- --------- ----------------------- TQQ0041 LTE Rx Filter B41 2.0 x 2.0 Low IL and High Wi-Fi Attenuation; BAW filter technology --------- -------------------- --------- --------- ----------------------- TQM976027 LTE SE / SE Duplexer B7 2.0 x 1.6 Excellent Insertion Loss; BAW filter technology --------- -------------------- --------- --------- -----------------------

To learn more about TriQuint's advanced filtering solutions, meet our technology experts at Mobile World Congress in Barcelona Feb. 24-27, or visit triquint.com. To locate TriQuint's distributors, resellers or field sales representatives, see www.triquint.com/sales.

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 'leading', 'high performance', 'best-in-class' 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: Reach Further, Reach Faster(TM)

CONTACT: TriQuint Semiconductor, Inc.

Ann Jansen, +1-503-615-9127

Marketing Comms Manager

ann.jansen@triquint.com

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From: Savant2/24/2014 9:51:00 AM
1 Recommendation   of 995
 
TriQuint, RF Micro Agree to Merge -- Update
By Tess Stynes

TriQuint Semiconductor Inc. and RF Micro Devices Inc. agreed to combine in a deal that will form a new company with a broader range of offerings of mobile-related products and services for the network infrastructure and defense/aerospace industries.

Shares of both companies jumped more than 25% in premarket trading.

Under the deal, which is expected to close in the second half of 2014, TriQuint shareholders will swap each share for 1.675 shares of the new company. RF Micro shareholders, meanwhile, will receive one share in the new company for each RF Micro share held.

The companies are calling the deal a merger of equals. The companies said the transaction represents an implied price of $9.73 for each TriQuint share, a 5.4% premium to Friday's close.

The combined company is expected to generate combined revenue of more than $2 billion. As of Friday's close, RF Micro's market value was $1.64 billion, while TriQuint's was $1.48 billion.

RF Micro Chief Executive Bob Bruggeworth will serve as CEO of the new company, and TriQuint CEO Ralph Quinsey will serve as nonexecutive chairman. TriQuint Chief Financial Officer Steve Buhaly will serve as finance chief, and RF Micro CFO Dean Priddy will serve as executive vice president of administration. The board will be made up of 10 directors, with five directors from the existing board of each company.

The combination is expected to achieve at least $150 million in cost synergies, $75 million in annualized synergies exiting the first year after closing and an additional $75 million exiting the second year.

TriQuint has been under pressure from activist investor Starboard Value LP, which in October called on the company to make changes or consider selling its mobile power amplifier business, saying the unit was a drag on the company. Starboard in December nominated its own slate of board candidates, claiming significant changes were needed to turn around the chip maker's "prolonged underperformance."

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To: Savant who wrote (974)2/24/2014 10:41:47 AM
From: robert b furman
   of 995
 
Another merger/acuisition of equals.

Congrats to the owners of TQNT up nicely this morning.

Fewer and fewer chip maker names out there.

Bob

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To: robert b furman who wrote (975)2/24/2014 8:46:09 PM
From: Elroy
   of 995
 
Still waiting for someboody to buy SIMO.....

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To: Elroy who wrote (976)2/25/2014 9:24:36 AM
From: robert b furman
   of 995
 
Hi Elroy,

Be careful what you ask for.

I think that in tqnt's case the activist stock holders put heat on a management that was carrying an underperforming business.

I'm not surte if it was a management problem or just the business.

I would dare tio say that many onwed Tqnt at a price above the merger pric - so for some it may have been a takeunder.

screencast.com

Bob

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From: Savant4/10/2014 4:11:06 AM
   of 995
 
TriQuint Announces Date for First Quarter 2014 Earnings Release
HILLSBORO, Ore.--(BUSINESS WIRE)--April 09, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will announce its first quarter 2014 results on April 23, 2014, at 1:00 p.m. PDT and will host a conference call with the investment community on the same day at 1:30 p.m. PDT.

Conference Call Information: Date: Wednesday, April 23, 2014 Time: 1:30 p.m. (PDT) Dial-in: 888.813.6582 or 706.643.7082 Conference Call ID #: 8679181

A webcast of the conference call will be available from the Investors section of the Company's website at invest.triquint.com. A replay of the conference call will be available through May 7, 2014. To access the replay, please dial (855) 859-2056 and enter Conference ID #8679181.

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(TM)

CONTACT: TriQuint Semiconductor, Inc.

VP of Finance & Administration, CFO

Steve Buhaly, +1-503-615-9401

sbuhaly@triquint.com

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From: Savant5/19/2014 2:47:30 PM
   of 995
 
TriQuint Wins Chipset Reference Design to Deliver Gigabit Wi-Fi for Whole-Home HD Video Streaming & Other Demanding Multimedia Applications
A leading chipset supplier selects TriQuint's new 5GHz WLAN modules to power the industry's fastest 4x4 MU-MIMO 802.11ac Wi-Fi technology

HILLSBORO, Ore.--(BUSINESS WIRE)--May 19, 2014--

TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today revealed that a leading chipset provider has selected its two new high-performance 5GHz WLAN front-end modules (FEMs) for the industry's fastest commercially available 4x4 MU-MIMO 802.11ac chipset. With almost 2Gbps total throughput, the chipset streams flawless, carrier-grade IPTV to multiple devices in full 1080p or 4K Ultra HD resolution. TriQuint's modules provide the improved linearity, power consumption and thermal performance critical for delivering high-quality HD video in Wi-Fi set-top boxes and media gateways.

TriQuint also launched a family of three high-performance filters to solve challenging Wi-Fi / LTE interference issues. Utilizing TriQuint's bulk acoustic wave (BAW) technology, these advanced filters enable customers to extend Wi-Fi ranges while meeting stringent spectrum regulations worldwide. TriQuint has already secured multiple design wins for these filters in Wi-Fi access points, home media gateways and automotive infotainment markets.

"As demand for high-bandwidth Wi-Fi connectivity grows, our customers and chipset partners count on TriQuint to solve the toughest system challenges so they can deliver best-in-class wireless broadband capabilities," said James Klein, Vice President for Infrastructure and Defense Products. "TriQuint continues to drive WLAN innovation and capture design wins for its high-performance BAW filters in several applications. We're leveraging our broad in-house RF technology portfolio and integration expertise to deliver products for the fast-growing WLAN infrastructure connectivity market."

According to a recent market report, shipments of consumer and enterprise WLAN access points will reach 170 million and 25 million respectively at the end of 2014. As new devices are rolled out with the faster 802.11ac Wi-Fi standard, sales are rapidly accelerating: 802.11ac devices are expected to represent 45% of consumer Wi-Fi equipment shipments at the end of 2014.*

Product Details

Note: All products are currently shipping

Part # Description Bands Size (mm) Key Features ------- ------------ ------------- ------------ ------------------ TQP8080 5GHz WLAN 802.11a/n/ac 2.5 x 2.5 x Designed for Front End Wi-Fi 0.4 high-throughput Module with 802.11a/n/ac PA + Pdet, applications SP2T SW & Compensated bias LNA network for stable performance over temperature and voltage Typ. Pout (+25C, VDD=+5V) = 18dBm, EVM=1.8%, 802.11ac/MCS9/HT40 Typ. Pout (+25C, VDD=+5.0V) = 20dBm, EVM=3.0%, 802.11n/MCS7 Meets rigorous automotive reliability based on AEC-Q200 standard ------- ------------ ------------- ------------ ------------------ TQL1600 5GHz WLAN 802.11a/n/ac 2.5 x 2.5 x Industry's first Front End Wi-Fi 0.45 5GHz WLAN FEM in a Module with 2x4 MIMO SPDT SW & configuration LNA Optimized for 802.11a/n/ac applications Combine with discrete high-power PA for simplified RF front end Compensated bias network for stable performance over temperature and voltage ------- ------------ ------------- ------------ ------------------ 885062 2.4GHz WLAN 802.11a/n/ac 1.4 x 1.2 x Meets rigorous / LTE Wi-Fi 0.46 automotive Coexistence Bandpass reliability based Filter with on AEC-Q200 advanced Standard Superior BAW rejection in technology adjacent LTE bands B38 / B40 ------- ------------ ------------- ------------ ------------------ 885070 2.4GHz WLAN 802.11a/n/ac 1.7 x 1.3 First BAW filter / LTE Wi-Fi x 0.46 to provide Coexistence Bandpass guaranteed Band-edge band-edge Filter with rejection in advanced restricted FCC BAW bands at 2390MHz & technology 2483.5MHz Market-leading insertion loss and out-of-band rejection enables higher data rates over longer ranges than other solutions Replaces expensive ceramic blocks and reduces board area by 20x Extended temperature performance over -40 to 95 F ------- ------------ ------------- ------------ ------------------ 885071 2.4GHz WLAN 802.11a/n/ac 1.4 x 1.2 x Extremely steep / LTE Wi-Fi 0.46 skirts for low Coexistence Bandpass loss in the Wi-Fi Filter with and high band-edge advanced and near-in BAW rejection technology Industry-leading power handling to transmit over longer distances Superior rejection in adjacent LTE bands B7 / B41 Extended temperature performance over -40 to 95 F ------- ------------ ------------- ------------ ------------------

To learn more about how TriQuint's WLAN connectivity products are powering RF advancements, visit triquint.com. To locate our distributors, resellers or field sales representatives, see www.triquint.com/sales.

*ABI Research press release dated Feb. 28, 2014

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From: Savant7/15/2014 11:10:46 PM
   of 995
 
TriQuint Announces Date for Second Quarter 2014 Earnings Release

HILLSBORO, Ore.--(BUSINESS WIRE)--July 09, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will announce its second quarter 2014 results on July 23, 2014 at 1:00 p.m. PDT and will host a conference call with the investment community on the same day at 1:30 p.m. PDT.

Conference Call Information: Date: Wednesday, July 23, 2014 Time: 1:30 p.m. (PDT) Dial-in: 888.813.6582 or 706.643.7082 Conference Call ID #: 59055508

A webcast of the conference call will be available from the Investors section of the Company's website at invest.triquint.com. A replay of the conference call will be available through August 6, 2014. To access the replay, please dial (855) 859-2056 and enter Conference ID #59055508.

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(TM)

CONTACT: TriQuint Semiconductor, Inc.

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

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From: Savant7/15/2014 11:11:46 PM
   of 995
 
TriQuint Achieves GaN Defense Production Milestones as Part of the Defense Production Act Title III Program
HILLSBORO, Ore.--(BUSINESS WIRE)--July 15, 2014--

TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, announced that it has reached a defense production milestone, successfully completing the Defense Production Act Title III Gallium Nitride on Silicon Carbide Production Capacity program.

"The mission of the DPA Title III program is to create assured, affordable and commercially-viable production capabilities and capacities for items essential for national defense, [which] strengthen the economic and technological competitiveness of the U.S. defense industrial base," said Dr. Gene Himes, U.S. Air Force Research Laboratory Program Manager. "This critical mission strengthens the economic and technological competitiveness of the U.S. industrial base, and TriQuint's GaN technology has achieved that goal."

TriQuint was recognized for its "outstanding contributions to national defense achieved under the Title III Gallium Nitride on Silicon Carbide Radar/Electronic Warfare Monolithic Microwave Integrated Circuit Production Capacity Project," at the final program management review held in Washington DC, on May 8, 2014. The citation was signed by the Honorable Frank Kendall, Undersecretary of Defense for Acquisition, Technology and Logistics.

"We're honored to be recognized by Mr. Kendall and affirm our commitment to support the DoD community," said Vice President and General Manager James Klein, Infrastructure and Defense Products. "TriQuint has proved its manufacturing readiness and GaN maturity, with yields rivaling established GaAs production, not only for defense production programs but also for our commercial customers."

TriQuint has shipped more than 119,000 0.25 um GaN power amplifier devices in support of ongoing radar production programs. During phased array field testing, approximately 15,000 devices have accumulated more than 3.67 million device hours, with no reported device failures. With industry leading reliability based on three-temperature accelerated life testing, TriQuint has seen mean time to failure of much greater than 10(7) hours and a superior T1 (the time at which 1 percent of failures occur) of more than 10(6) hours at 200 degrees Celsius, without pre-conditioning, a notable achievement in this field.

As part of the Title III contract, awarded in 2010, TriQuint progressed through three program phases to prove manufacturing readiness at its Richardson, Texas facility. The first phase assessed TriQuint's initial manufacturing readiness. In the second phase, TriQuint worked to refine and improve the production processes, with the goal of reaching the manufacturing readiness needed for Low Rate Initial Production (LRIP) of GaN monolithic microwave integrated circuits (MMICs). In the final phase, TriQuint applied the lessons learned throughout the program, showing that its manufacturing processes are ready to meet full performance, cost and capacity goals, with the capability in place to support full rate production. TriQuint's Texas facility is an accredited DoD Trusted Source for foundry; post-process; assembly and packaging; and RF test services.

TriQuint leads GaN research and product development for both defense and civilian applications. Under the guidance of the U.S. Air Force Research Laboratory's Materials and Manufacturing Directorate, rigorous manufacturing readiness assessment criteria were used to benchmark TriQuint's high frequency, high power GaN production capability. TriQuint's ongoing development of GaN-based devices is leading to smaller, more efficient power amplifiers, typically used for Department of Defense radar and electronic warfare programs as well as commercial wireless communications and infrastructure.

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: Reach Further, Reach Faster(TM)

CONTACT: TriQuint Semiconductor, Inc.

Senior Director, Marketing Communications

Brandi Frye, +1-503-615-9488

brandi.frye@triquint.com

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From: Savant7/24/2014 12:55:06 PM
   of 995
 
TriQuint Announces Second Quarter 2014 Results

HILLSBORO, Ore.--(BUSINESS WIRE)--July 23, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended June 28, 2014, including the following highlights:

-- Revenue grew 30% sequentially to $230.8 million -- GAAP gross margin was 40.2% and net income was $0.03 per share -- Non-GAAP gross margin was up 640 basis points sequentially to 41.7% -- Non-GAAP net income was well above guidance at $0.13 per share -- Sold premium filters to over 50 unique customers with discrete filter revenue on track to more than double in 2014 -- 5 GHz WLAN front-end modules winning chipset reference design -- Completed GaN performance, cost and capacity goals as part of the Defense Production Act Title III program -- Expected merger with RFMD on track for second half of 2014

Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, "Revenue and earnings in the second quarter exceeded the high end of our previous guidance and our full year outlook remains strong. We continue to see robust demand in our infrastructure and mobile markets as worldwide demand for 4G LTE services ramp up with very strong demand for LTE base station products and premium filters for smartphones. We expect to exceed our goal of 500 basis points of gross margin improvement year over year and are now targeting 2014 full year non-GAAP gross margins to be greater than 40%. Additionally, we expect full year non-GAAP EPS to be up more than 6 times our 2013 results."

Summary Financial Results for the Three Months Ended June 28, 2014:

Revenue for the second quarter of 2014 was $230.8 million, up 21% from the second quarter of 2013 and 30% sequentially.

Cash and investments increased by $60.0 million this quarter to $223.5 million driven by operating results and cash proceeds from employee stock option exercises.

GAAP

Gross margin for the second quarter of 2014 was 40.2%, up sharply from 29.8% in the second quarter of 2013 due to higher revenue, product mix and better factory execution. Operating expenses for the second quarter of 2014 were $85.3 million, up sequentially due to merger and integration related costs.

Net income for the second quarter of 2014 was $5.2 million or $0.03 per diluted share, compared with a net loss of $14.9 million or $(0.09) per share in the second quarter of 2013.

Non-GAAP

Gross margin for the second quarter was 41.7%, up sharply from 31.3% in the second quarter of 2013. Operating expenses for the quarter were $72.0 million, up slightly sequentially.

Net income for the second quarter of 2014 was $23.6 million, or $0.13 per diluted share, compared with a net loss of $10.9 million or $(0.07) per share in the second quarter of 2013.

Please see the discussion of non-GAAP financial measures below and the attached supplemental schedule for a reconciliation of GAAP to non-GAAP financial measures.

Outlook:

The company believes second half revenue will be between $550 million and $600 million, up 11% at the midpoint from the prior year. While the split of this revenue between the third and fourth quarters depends on major program timing, the company currently expects third quarter revenue to range between $255 million and $265 million. Third quarter non-GAAP gross margin is expected to be between 43% and 45%, driven by strong execution, higher factory utilization and product mix. Non-GAAP operating expenses are expected to be approximately $70 million. Third quarter non-GAAP net income per diluted share is expected to be between $0.23 and $0.25. As of today, the company is 93% booked to the midpoint of Q3 revenue guidance.

Additional Information Regarding Results for the Three and Six Months Ended June 28, 2014:

GAAP and non-GAAP financial measures are presented in the tables below (in millions, except for percentage and per share information). Non-GAAP financial measures are reconciled to the corresponding GAAP financial measures in the table later in this press release.

GAAP RESULTS --------------------------------------------------------------------------------------------------------------- Three Months Ended Six Months Ended ============================================================== =================================== Change vs. Change vs. Change vs. Q2 2014 Q1 2014 Q1 2014 Q2 2013 Q2 2013 Q2 2014 Q2 2013 Q2 2013 ----------- ----------- ----------- ---------- ----------- ---------- ---------- ----------- Revenue $230.8 $177.6 30% $190.1 21% $408.4 $374.3 9% ----- --- ----- --- ----- --- ----- ----- --- ----- ----- ----- --- Gross Profit $ 92.7 $ 59.1 57% $ 56.7 63% $151.8 $ 95.5 59% ----- --- ----- --- ----- --- ----- ----- --- ----- ----- ----- --- Gross Margin % 40.2% 33.2% 7.0% 29.8% 10.4% 37.2% 25.5% 11.7% ------ ------ ----- --- ------ ----- --- ------ ------ ----- --- Op Income (Loss) $ 7.4 $(20.0) 137% $(16.4) 145% $(12.6) $(50.9) 75% ----- --- ----- ----- --- ----- ----- --- ----- ----- ----- --- Net Income (Loss) $ 5.2 $(19.1) 127% $(14.9) 135% $(13.9) $(42.8) 68% ----- --- ----- ----- --- ----- ----- --- ----- ----- ----- --- Inc (Loss) per share $ 0.03 $(0.12) $0.15 $(0.09) $0.12 $(0.08) $(0.27) $0.19 ----- --- ----- ---- ---- ----- ---- ---- ----- ----- ---- ---- NON-GAAP RESULTS (A) --------------------------------------------------------------------------------------------------------------- Three Months Ended Six Months Ended -------------------------------------------------------------- ----------------------------------- Change vs. Change vs. Change vs. Q2 2014 Q1 2014 Q1 2014 Q2 2013 Q2 2013 Q2 2014 Q2 2013 Q2 2013 ----------- ----------- ----------- ---------- ----------- ---------- ---------- ----------- Revenue $230.8 $177.6 30% $190.1 21% $408.4 $374.3 9% ----- --- ----- --- ----- --- ----- ----- --- ----- ----- ----- --- Gross Profit $ 96.2 $ 62.6 54% $ 59.5 62% $158.8 $101.5 56% ----- --- ----- --- ----- --- ----- ----- --- ----- ----- ----- --- Gross Margin % 41.7% 35.3% 6.4% 31.3% 10.4% 38.9% 27.1% 11.8% ------ ------ ----- --- ------ ----- --- ------ ------ ----- --- Op Income (Loss) $ 24.3 $ (8.3) 393% $(10.1) 341% $ 15.9 $(36.1) 144% ----- --- ----- ----- --- ----- ----- --- ----- ----- ----- --- Net Income (Loss) $ 23.6 $ (9.4) 351% $(10.9) 317% $ 14.2 $(38.2) 137% ----- --- ----- ----- --- ----- ----- --- ----- ----- ----- --- Inc (Loss) per share $ 0.13 $(0.06) $0.19 $(0.07) $0.20 $ 0.08 $(0.24) $0.32 ----- --- ----- ---- ---- ----- ---- ---- ----- ----- ---- ---- (A) Excludes stock based compensation charges, non-cash tax benefit, certain entries associated with mergers and acquisitions and other specifically identified non-routine transactions.

Conference Call:

TriQuint will host a conference call this afternoon at 1:30 p.m. PDT to discuss the results for the quarter and our future expectations for the company. To access the conference call, please dial (888) 813-6582 domestically, or (706) 643-7082 internationally, approximately ten minutes prior to the beginning of the call, using passcode 59055508. The call can also be heard via webcast accessed through the "Investors" section of TriQuint's web site at: invest.triquint.com. A replay of the conference call will be available until August 6, 2014.

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