Silicon Investor - Triquint Semiconductor (TQNT)

[Sr K] name changed to QRVO after merger

Sr K — 12/27/2015 11:54:50 PM

[goldworldnet] Fundamentals of RF and Microwave Transistor Amplifiers books.google.com * * *

goldworldnet — 8/10/2015 2:48:20 PM

[The Ox] RFMD is trading at 14. A 1-4 reverse split is 52 per share. My brain wasn't wor...

The Ox — 11/26/2014 11:35:20 PM

RFMD is trading at 14. A 1-4 reverse split is 52 per share. My brain wasn't working well when I wrote the previous post. It will likely be around 55......

[Savant] TQNT $80? post rev. splt.? .... it might..however, based upon P/E, Growth, PEG, ...

Savant — 11/26/2014 10:10:56 PM

TQNT $80? post rev. splt.? .... it might..however, based upon P/E, Growth, PEG, a write down on this & that due to the merger, and general dislike for reverse mergers.....I'm seeing 1st support @ 60ish, 2nd @ 30ish...looking @ 3 yr candlestick chart, and considering the foregoing.
WCS....$25.

Much will depend upon growth prospects and how much the shorts think they can get away with....

In the LT, they should do well...IMO

[The Ox] Based on the current stock prices, where do you think the new stock will start t...

The Ox — 11/26/2014 9:02:19 AM

Based on the current stock prices, where do you think the new stock will start trading? $80/share?

[robert b furman] Yup, I'm afraid its called pink slips. Not in the brain power buy accounting,p...

robert b furman — 11/26/2014 7:34:30 AM

Yup,

I'm afraid its called pink slips.

Not in the brain power buy accounting,payables shipping - look out below.

Always synergies to be had or at least cut out the bad attitudes and dead weight.

Bob

[Savant] The old adage about rev splits is.....run, run, run...however...if the fundies a...

Savant — 11/25/2014 7:20:16 PM

The old adage about rev splits is.....run, run, run...however...if the fundies are okay, and it's not a desperation move....it can work out...I can think of *2* off hand...lol.

What it sounds like to me, is...a tricky gymnastics move...and I'm certain there'll be some of that....in the HR and Acctng depts.

[robert b furman] HI Savant, Let's hope this merger of equals starts a semi sector lift off,much...

robert b furman — 11/25/2014 8:50:12 AM

HI Savant,

Let's hope this merger of equals starts a semi sector lift off,much like the merger of KLA and Tencor did back in the 1990's.

Merging and gaining synergies is so much smarter than duking out margin wars and losing profitability for market share.

More evidence this sector has matured far beyond most peoples awareness.

1 for 4 reverse split - still don't like the name - sounds like a drink from Mexico.<smile>

Bob

[Savant] GREENSBORO, N.C. and HILLSBORO, Ore., Nov. 24, 2014 /PRNewswire/ -- RF Mi...

Savant — 11/24/2014 3:02:16 PM

GREENSBORO, N.C. and HILLSBORO, Ore., Nov. 24, 2014 /PRNewswire/ -- RF Micro Devices, Inc. (Nasdaq: RFMD) and TriQuint Semiconductor, Inc. (Nasdaq: TQNT) today announced the two companies have received all necessary shareholder and regulatory approvals to move forward with their previously announced merger of equals and have set Wednesday, December 31, 2014, as the anticipated closing date for the transaction. Trading in the common stock of the new combined company, Qorvo, Inc., is expected to commence on the NASDAQ Global Select Market on January 2, 2015, under the stock ticker symbol "QRVO."

TriQuint shareholders will receive 1.675 shares of Qorvo and RFMD shareholders will receive 1 share of Qorvo for each TriQuint or RFMD share held. At the closing of the transaction, the Company will execute a one-for-four reverse stock split.

About TriQuint

Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading RF solutions supplier and technology innovator 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.

About RFMD

RFMD (Nasdaq: RFMD) is a global leader in the design and manufacture of high-performance radio frequency solutions. RFMD's products enable worldwide mobility, provide enhanced connectivity, and support advanced functionality in the mobile device, wireless infrastructure, wireless local area network (WLAN or Wi-Fi), cable television (CATV)/broadband, Smart Energy/advanced metering infrastructure (AMI), and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises, and communications equipment providers. RFMD is an ISO 9001-, ISO 14001-, and ISO/TS 16949-certified manufacturer with worldwide engineering, design, sales and service facilities. For more information, please visit RFMD's web site at www.rfmd.com.

Forward-Looking Statements

This communication contains forward-looking statements, including but not limited to those regarding the proposed business combination between RF Micro Devices, Inc. ("RFMD") and TriQuint Semiconductor, Inc. ("TriQuint") (the "Business Combination") and the transactions related thereto. These statements discuss the anticipated closing of the Business Combination, expected trading of the combined company's common stock, and similar statements. Forward-looking statements may contain words such as "expect," "believe," "may," "can," "should," "will," "forecast," "anticipate" or similar expressions, and include the assumptions that underlie such statements. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: satisfaction of the conditions precedent to consummation of the Business Combination, in a timely manner or at all; and other risks described in RFMD's and TriQuint's Securities and Exchange Commission ("SEC") filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof. Neither RFMD nor TriQuint undertakes any obligation to update any forward-looking statements.

No Offer or Solicitation

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where to Find It

In connection with the proposed Business Combination, Qorvo, Inc., a newly-formed holding company under RFMD ("Qorvo"), has filed with the SEC a Form S-4 (the "Registration Statement"), which was declared effective on July 30, 2014 and which includes a registration statement and a prospectus with respect to Qorvo's shares to be issued in the Business Combination. The Registration Statement contains important information about the proposed Business Combination and related matters. SECURITY HOLDERS ARE URGED AND ADVISED TO READ THE REGISTRATION STATEMENT CAREFULLY. The Registration Statement and other relevant materials and any other documents filed by Qorvo, RFMD or TriQuint with the SEC may be obtained free of charge at the SEC's website, at www.sec.gov. In addition, security holders of TriQuint will be able to obtain free copies of the Registration Statement from TriQuint by contacting Investor Relations by mail at TriQuint Semiconductor, Inc., 2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124, Attn: Investor Relations Department, by telephone at (503) 615-9413, or by going to TriQuint's Investor Relations page on its corporate website at www.triquint.com; and security holders of RFMD will be able to obtain free copies of the Registration Statement from RFMD by contacting Investor Relations by mail at RF Micro Devices, Inc., 7628 Thorndike Road Greensboro, North Carolina 27409-9421, Attn: Investor Relations Department, by telephone at (336) 678-7088, or by going to RFMD's Investor Relations page on its corporate web site at www.rfmd.com.

RFMD

TQNT-F

[Savant] riQuint Announces Third Quarter 2014 Results HILLSBORO, Ore.--(BUSINESS ...

Savant — 11/3/2014 10:44:38 AM

riQuint Announces Third Quarter 2014 Results

HILLSBORO, Ore.--(BUSINESS WIRE)--October 28, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended September 27, 2014, including the following highlights:

-- Revenue grew 18% sequentially to $272.1 million -- GAAP gross margin was 45.5%; non-GAAP was 46.6%, up 8.6% year-on-year -- GAAP net income was $0.14 per diluted share, non-GAAP net income was $0.28 per share -- Premium filter revenue grew rapidly, supporting over 50 unique customers -- Base station revenue up 54% year to date compared to 2013 on continued LTE build out -- GaN performance, cost and capacity goals completed as part of the DARPA Title III program -- Expected merger with RFMD anticipated to close this year; Qorvo name announced

Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, "Our financial results in the third quarter were well above expectations due to strong demand and an improved product mix driven by a strategic focus on delivering high performance solutions in each of our markets. The success we are seeing today is due to years of investment in BAW/SAW and high performance GaAs/GaN technologies. We continue to see robust demand and are raising our outlook for the fourth quarter. We remain on track to launch a new combined company, Qorvo, with the merger of TriQuint and RFMD expected to close by year end."

Summary Financial Results for the Three Months Ended September 27, 2014:

Revenue for the third quarter of 2014 was $272.1 million, up 8% from the third quarter of 2013 and 18% sequentially.

Cash and investments increased by $24.4 million this quarter to $247.9 million, driven by operating results and cash proceeds from employee stock option exercises and partially offset by continued investment in premium filter capacity.

GAAP

Gross margin for the third quarter of 2014 was 45.5%, up sharply from 40.2% in the second quarter of 2014 and from 36.8% in the third quarter of 2013 due to product mix and strong factory execution. Operating expenses for the third quarter of 2014 were $87.8 million, up sequentially due to merger and integration related costs.

Net income for the third quarter of 2014 was $26.2 million or $0.14 per diluted share, compared with net income of $5.2 million or $0.03 per diluted share in the second quarter of 2014 and $0.08 per diluted share in the third quarter of 2013.

Non-GAAP

Gross margin for the third quarter was 46.6%, up sharply from 41.7% in the second quarter of 2014 and 38.0% in the prior year. Operating expenses for the quarter were $74.7 million, up slightly sequentially.

Earnings per diluted share for the third quarter of 2014 was $0.28, compared with $0.13 per share in the second quarter of 2014 and $0.16 per diluted share in the third quarter in 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 expects fourth quarter revenue to range between $330 million and $340 million, up 23% sequentially at the midpoint. Fourth quarter non-GAAP gross margin is expected to be between 46% and 48%, driven by strong factory execution and product mix. Fourth quarter non-GAAP net income per diluted share is expected to be between $0.40 and $0.45. As of today, the company is fully booked to the midpoint of revenue guidance.

Additional Information Regarding Results for the Three and Nine Months Ended September 27, 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 Nine Months Ended ----------------------------------------------------------- --------------------------------- Change Change Change ---------- --------- --------- vs. Q2 vs. Q3 vs. Q3 ---------- --------- --------- Q3 2014 Q2 2014 2014 Q3 2013 2013 Q3 2014 Q3 2013 2013 =========== =========== ========== ========== ========= ========== ========== ========= Revenue $272.1 $230.8 18% $250.8 8% $680.5 $625.1 9% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Profit $123.7 $ 92.7 33% $ 92.2 34% $275.5 $187.7 47% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Margin % 45.5% 40.2% 5.3% 36.8% 8.7% 40.5% 30.0% 10.5% ------ ------ ----- ------ ----- ------ ------ ----- Op Income (Loss) $ 35.9 $ 7.4 385% $ 18.8 91% $ 23.3 $(32.1) 173% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Net Income (Loss) $ 26.2 $ 5.2 404% $ 13.6 93% $ 12.3 $(29.3) 142% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Inc (Loss) per share $ 0.14 $ 0.03 $0.11 $ 0.08 $0.06 $ 0.07 $(0.18) $0.25 ----- --- ----- --- ---- --- ----- ---- ----- ----- ---- NON-GAAP RESULTS (A) -------------------------------------------------------------------------------------------------------------- Three Months Ended Nine Months Ended ----------------------------------------------------------- --------------------------------- Change Change Change ---------- --------- --------- vs. Q2 vs. Q3 vs. Q3 ---------- --------- --------- Q3 2014 Q2 2014 2014 Q3 2013 2013 Q3 2014 Q3 2013 2013 =========== =========== ========== ========== ========= ========== ========== ========= Revenue $272.1 $230.8 18% $250.8 8% $680.5 $625.1 9% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Profit $126.8 $ 96.2 32% $ 95.2 33% $285.6 $196.7 45% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Margin % 46.6% 41.7% 4.9% 38.0% 8.6% 42.0% 31.5% 10.5% ------ ------ ----- ------ ----- ------ ------ ----- Op Income (Loss) $ 52.1 $ 24.3 114% $ 26.7 95% $ 68.0 $ (9.4) 823% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Net Income (Loss) $ 51.4 $ 23.6 118% $ 26.3 95% $ 65.6 $(11.9) 651% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Inc (Loss) per share $ 0.28 $ 0.13 $0.15 $ 0.16 $0.12 $ 0.36 $(0.07) $0.43 ----- --- ----- --- ---- --- ----- ---- ----- ----- ---- A Excludes stock based compensation charges, non-cash tax benefit, certain entries associated with mergers and acquisitions, including expenses associated with the planned merger with RFMD 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 98159203. 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 November 10, 2014.

[Savant] TriQuint's Award-Winning TQP9059 MMPA Secures 2014 China ACE AwardGl...

Savant — 9/17/2014 10:44:41 AM

TriQuint's Award-Winning TQP9059 MMPA Secures 2014 China ACE Award

Global Sources honors TriQuint for outstanding RF/Wireless/Microwave Product of the Year

HILLSBORO, Ore.--(BUSINESS WIRE)--September 17, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced its TQP9059, a versatile multi-mode, multi-band power amplifier (MMPA) module with envelope tracking, earned an award in the Outstanding RF/Wireless/Microwave Products of the Year category at the 2014 China Annual Creativity in Electronics (ACE) Awards.

The highly integrated module not only prolongs battery life with new envelope tracking technology, but also simplifies complex RF design for multi-band smartphones with a new mobile chip interface used by multiple chipset partners. It is designed on TriQuint's GaAs HBT technology with CuFlip(R) assembly offering state-of-the-art reliability, temperature stability and ruggedness. Its RF performance meets the stringent linearity, noise and harmonics requirements for multi-mode operation while simultaneously offering a system current consumption lower by 50mA than the nearest competitor, thus improving battery life.

"For a second year in a row, TriQuint has been recognized by China ACE for our continuing contributions to China's electronics industry," said Locker Jiang, China Sales Director for Mobile Products. "The TQP9059's designation as one of the top products in the semiconductor space is a direct reflection of TriQuint's ongoing commitment to drive innovation and simplify RF design for our customers."

The TQP9059 is one of the earliest envelope tracking MMPAs to be in mass production supporting a leading smartphone. The high-performance product is included on reference designs by multiple chipset manufacturers and is being designed into next-generation smartphones from multiple OEMs.

The China ACE Awards 2014 is presented by Global Sources' (GSOL) leading electronics industry titles: EE Times-China, ESM-China and EDN-China.

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

Strategic MarCom Manager

ann.jansen@triquint.com

[Savant] TriQuint Shareholders Approve Merger-of-Equals with RF Micro Devices HIL...

Savant — 9/5/2014 5:10:29 PM

TriQuint Shareholders Approve Merger-of-Equals with RF Micro Devices

HILLSBORO, Ore.--(BUSINESS WIRE)--September 05, 2014--

TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced the preliminary results of its special meeting of shareholders held earlier this afternoon to approve its agreement and plan of merger and reorganization with RF Micro Devices, Inc. and Rocky Holding, Inc.

TriQuint shareholders voted to approve the following:

-- the merger agreement; -- the absence of a provision in Rocky Holding's amended and restated certificate of incorporation that would provide for the election of directors of Rocky Holding by majority vote, which provision is instead located in Rocky Holding's amended and restated bylaws; -- the compensation arrangements, by non-binding advisory vote, for TriQuint's named executive officers in connection with the merger; and -- the amended TriQuint 2013 Incentive Plan.

Earlier today, RFMD's shareholders voted to approve the merger agreement and other matters.

Ralph Quinsey, President and CEO of TriQuint, said, "TriQuint's shareholders today endorsed an industry-shaping event. We are combining two industry pioneers and recognized innovators to create a diversified market leader with the scale to better serve the increasingly complex needs of our customers."

TriQuint and RFMD anticipate the closing of the transaction will occur in the second half of calendar 2014 subject to the receipt of required regulatory approval and other customary closing conditions.

TQNT-F

TriQuint: Reach Further, Reach Faster(TM)

Forward-Looking Statements

This communication contains forward-looking statements, including but not limited to those regarding the proposed business combination between RF Micro Devices, Inc. ("RFMD") and TriQuint Semiconductor, Inc. ("TriQuint") (the "Business Combination") and the transactions related thereto. These statements may discuss the anticipated manner, terms and conditions upon which the Business Combination will be consummated, the future performance and trends of the combined businesses, the synergies expected to result from the Business Combination, and similar statements. Forward-looking statements may contain words such as "expect, " "believe," "may," "can," "should," "will," "forecast," "anticipate" or similar expressions, and include the assumptions that underlie such statements. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: the ability of the parties to consummate the Business Combination in a timely manner or at all; satisfaction of the conditions precedent to consummation of the Business Combination, including the ability to secure regulatory approvals in a timely manner or at all, and approval by RFMD's shareholders and TriQuint's shareholders; the possibility of litigation (including related to the transaction itself); RFMD and TriQuint's ability to successfully integrate their operations, product lines, technology and employees and realize synergies from the Business Combination; unknown, underestimated or undisclosed commitments or liabilities; the level of demand for the combined companies' products, which is subject to many factors, including uncertain global economic and industry conditions, demand for electronic products and semiconductors, and customers' new technology and capacity requirements; RFMD's and TriQuint's ability to (i) develop, deliver and support a broad range of products, expand their markets and develop new markets, (ii) timely align their cost structures with business conditions, and (iii) attract, motivate and retain key employees; and other risks described in RFMD's and TriQuint's Securities and Exchange Commission ("SEC") filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof. Neither RFMD nor TriQuint undertakes any obligation to update any forward-looking statements.

No Offer or Solicitation

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where to Find It

In connection with the proposed Business Combination, Rocky Holding, Inc., a newly-formed holding company under RFMD ("HoldCo"), has filed with the SEC a Form S-4 (the "Registration/Joint Proxy Statement"), which was declared effective on July 30, 2014 and which includes a registration statement and a prospectus with respect to HoldCo's shares to be issued in the Business Combination and a joint proxy statement of TriQuint and RFMD in connection with the Business Combination. The Registration/Joint Proxy Statement contains important information about the proposed Business Combination and related matters. SECURITY HOLDERS ARE URGED AND ADVISED TO READ THE REGISTRATION/JOINT PROXY STATEMENT CAREFULLY. The Registration/Joint Proxy Statement and other relevant materials and any other documents filed by HoldCo, RFMD or TriQuint with the SEC may be obtained free of charge at the SEC's website, at www.sec.gov. In addition, security holders of TriQuint will be able to obtain free copies of the Registration/Joint Proxy Statement from TriQuint by contacting Investor Relations by mail at TriQuint Semiconductor, Inc., 2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124, Attn: Investor Relations Department, by telephone at (503) 615-9413, or by going to TriQuint's Investor Relations page on its corporate website at www.triquint.com; and security holders of RFMD will be able to obtain free copies of the Registration/Joint Proxy Statement from RFMD by contacting Investor Relations by mail at RF Micro Devices, Inc., 7628 Thorndike Road Greensboro, North Carolina 27409-9421, Attn: Investor Relations Department, by telephone at (336) 678-7088, or by going to RFMD's Investor Relations page on its corporate web site at www.rfmd.com.

Participants in the Solicitation

RFMD, TriQuint and HoldCo and their respective directors, executive officers and various other members of management and employees may be deemed to be participants in the solicitation of proxies from RFMD's shareholders in connection with the proposed Business Combination. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of TriQuint or RFMD security holders in connection with the proposed Business Combination is set forth in the Registration/Joint Proxy Statement. Information about TriQuint's directors and executive officers is set forth in TriQuint's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, which was filed with the SEC on February 21, 2014, and its Amendment No. 1 to Annual Report on Form 10-K/A, which was filed with the SEC on April 10, 2014. These documents are available free of charge at the SEC's web site at www.sec.gov, and from TriQuint by contacting Investor Relations by mail at TriQuint Semiconductor, Inc., 2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124, Attn: Investor Relations Department, by telephone at (503) 615-9413, or by going to TriQuint's Investor Relations page on its corporate web site at www.triquint.com. Information about RFMD's directors and executive officers is set forth in RFMD's Annual Report on Form 10-K for the fiscal year ended March 29, 2014, which was filed with the SEC on May 21, 2014. These documents are available free of charge at the SEC's web site at www.sec.gov, and from RFMD by contacting Investor Relations by mail at RF Micro Devices, Inc., 7628 Thorndike Road Greensboro, North Carolina 27409-9421, Attn: Investor Relations Department, by telephone at (336) 678-7088, or by going to RFMD's Investor Relations page on its corporate web site at www.rfmd.com. Additional information regarding the interests of these potential participants in the solicitation of proxies in connection with the proposed Business Combination is included in the Registration/Joint Proxy Statement and the other relevant documents filed with the SEC.

CONTACT: TriQuint Semiconductor, Inc.

Investors:

Steve Buhaly, +1-503-615-9401

VP of Finance & Administration, CFO

steve.buhaly@triquint.com

[Savant] TriQuint Becomes First Manufacturer to Achieve MRL 9 for GaNReaches ...

Savant — 7/29/2014 10:55:48 AM

TriQuint Becomes First Manufacturer to Achieve MRL 9 for GaN

Reaches Manufacturing Readiness Level 9 for GaN Technology

HILLSBORO, Ore.--(BUSINESS WIRE)--July 29, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announced that it is the first gallium nitride (GaN) RF chip manufacturer to achieve Manufacturing Readiness Level (MRL) 9. This achievement means TriQuint's GaN manufacturing processes have met full performance, cost and capacity goals, and that the company has the capability in place to support full rate production.

To benchmark MRL 9, TriQuint applied the U.S. Air Force Research Laboratory's rigorous manufacturing readiness assessment tool and criteria to its high frequency, high power GaN production line. TriQuint's ongoing development of GaN-based devices is leading to smaller, more efficient power amplifiers, typically used for military radar and electronic warfare programs as well as commercial wireless communications and infrastructure.

"TriQuint recently completed its Defense Production Act Title III GaN on silicon carbide (SiC) program and now we've proven that we provide the GaN maturity needed to support full-rate production programs," said Vice President and General Manager James Klein, Infrastructure and Defense Products. "This has been a great team effort utilizing our partnerships across the industry including US DoD, domestic and international customers, and a great supply base."

Key to the company's assessment, TriQuint has shipped more than 170,000 0.25 um GaN power amplifier devices in support of an ongoing international radar production program. During phased array radar field testing, approximately 15,000 devices have accumulated more than 3.67 million device hours, with no reported device failures. TriQuint continues to demonstrate industry-leading reliability with a mean time to failure (MTTF) of greater than 70 million hours at 200 degrees Celsius, substantially greater than the industry standard of 1 million hours MTTF.

As an established GaN provider for domestic and international defense programs, TriQuint explored the potential of GaN beginning in 1999, and released its first GaN on silicon carbide (SiC) production process in 2008. Since that point, the company has continued to make significant investments towards maturing the technology. Today, GaN wafers are manufactured with yields that match our conventional GaAs technologies. Leading GaN research and product development for both defense and commercial applications, TriQuint continues to provide record-setting GaN circuit reliability and compact, high efficiency products, paving the way for more robust performance, lower maintenance and longer operational lifetimes. TriQuint is also accredited by the Department of Defense as a Microelectronics Trusted Source (Category 1A) for its foundry; post-processing; packaging and assembly; and RF test services.

The Department of Defense's Manufacturing Readiness Assessment (MRA) ensures that manufacturing, production and quality assurance can meet operational mission needs. This MRA tool assesses science and technology companies on criteria that provide guidance about the maturity and risk of a given technology -- reviewing the industrial base readiness; technology development; and quality and manufacturing management. This process ensures that the product or system transitions successfully from the factory to the field, providing the best value for the customer. TriQuint demonstrated that its manufacturing processes met full performance, cost and capacity goals, with the capability in place to support full rate production.

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.

Brandi Frye, +1-503-615-9488

Senior Director, Marketing Communications

brandi.frye@triquint.com

[Savant] TriQuint Announces Second Quarter 2014 Results HILLSBORO, Ore.--(BUSINES...

Savant — 7/24/2014 12:55:06 PM

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.

[Savant] TriQuint Achieves GaN Defense Production Milestones as Part of the D...

Savant — 7/15/2014 11:11:46 PM

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

[Savant] TriQuint Announces Date for Second Quarter 2014 Earnings Release HILLSBO...

Savant — 7/15/2014 11:10:46 PM

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

[Savant] TriQuint Wins Chipset Reference Design to Deliver Gigabit Wi-Fi for ...

Savant — 5/19/2014 2:47:30 PM

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

[Savant] TriQuint Announces Date for First Quarter 2014 Earnings ReleaseHILLS...

Savant — 4/10/2014 4:11:06 AM

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

[robert b furman] Hi Elroy, Be careful what you ask for. I think that in tqnt's case the activis...

robert b furman — 2/25/2014 9:24:36 AM

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

[Elroy] Still waiting for someboody to buy SIMO.....

Elroy — 2/24/2014 8:46:09 PM

[robert b furman] Another merger/acuisition of equals. Congrats to the owners of TQNT up nicely ...

robert b furman — 2/24/2014 10:41:47 AM

Another merger/acuisition of equals.

Congrats to the owners of TQNT up nicely this morning.

Fewer and fewer chip maker names out there.

Bob

[Savant] TriQuint, RF Micro Agree to Merge -- UpdateBy Tess Stynes TriQuint ...

Savant — 2/24/2014 9:51:00 AM

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."

[Savant] TriQuint Drives LTE Advances with a Growing Line of Unique, High-Per...

Savant — 2/12/2014 6:09:27 AM

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

[Savant] TriQuint Semi beats by $0.03, reports revs in-line; guides Q1 EPS be...

Savant — 2/12/2014 6:08:37 AM

TriQuint Semi beats by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY14 EPS in-line

Reports Q4 (Dec) earnings of $0.16 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.13; revenues rose 14.6% year/year to $267.7 mln vs the $266.03 mln consensus.

Co issues downside guidance for Q1, sees EPS of ($0.13)-($0.11) vs. $0.04 Capital IQ Consensus Estimate; sees Q1 revs of $170-180 mln vs. $224.57 mln Capital IQ Consensus Estimate.

Co cites seasonality and a large customer's inventory correction in Mobile Device products.

Co issues in-line guidance for FY14, sees EPS to meet or beat $0.49 vs. $0.49 Capital IQ Consensus Estimate. Looking at 2014 as a whole, we expect revenue growth in the mid single digits as strong growth in premium filters is partially offset by significant reductions in lower margin amplifiers and non-strategic foundry revenue. Revenue seasonality should be roughly similar to 2013 with about 40% of revenue coming in the first half of the year. Non-GAAP gross margin is expected to grow about 500 basis points from 2013 levels due to these product mix changes and cost reductions in operations. Operating expenses are expected to decline modestly from 2013. We currently believe non-GAAP earnings per share will meet or beat the current analyst consensus of $0.49.

[Savant] correction...I just noticed...I meant Dec 2013* $7 puts...(OA is getting me).....

Savant — 10/31/2013 11:42:51 AM

*correction...I just noticed...I meant Dec 20*13* $7 puts...(OA is getting me)..were 55c bid, now 10c x 15c.

[Savant] TriQuint Acknowledges Receipt of Starboard Value LetterHILLSBORO, ...

Savant — 10/31/2013 10:51:03 AM

TriQuint Acknowledges Receipt of Starboard Value Letter

HILLSBORO, Ore.--(BUSINESS WIRE)--October 29, 2013--

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 29(th) , 2013.

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. 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.

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

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

[Savant] Starboard Asks TriQuint to Make Changes to Mobile Power Amplifier Un...

Savant — 10/30/2013 3:01:28 AM

Starboard Asks TriQuint to Make Changes to Mobile Power Amplifier Unit -- Update

(Adds TriQuint response and updates share performance.)

By Ben Fox Rubin

Activist investor Starboard Value LP called on TriQuint Semiconductor Inc. (TQNT) to make changes or consider selling its mobile power amplifier business, claiming the division is a drag on the chip maker.

Starboard, which owns about 8% of the company's stock, said TriQuint has two "strong, growing and highly profitable" segments--the networks and defense unit and bulk acoustic wave filter business--adding those two units alone are worth more than where the company currently trades.

The investor argued those businesses, though, have been overshadowed by the mobile PA business, where "significant utilization issues and missed design cycles have led to large losses and significantly reduced consolidated gross margins."

Starboard asked TriQuint whether it could restructure the mobile PA business so it can operate more profitably or if it should seek to sell its mobile PA business and focus on the other two businesses.

TriQuint, for its part, said it "welcomes constructive input from all shareholders, including Starboard Value LP." The company said it regularly reviews its strategy and has taken "meaningful steps" increase value for its shareholders.

The company's mobile-device business faces intense competition in the sector. On Tuesday, the company reiterated that it has invested in premium filters, among other complementary products. Though the investments presented financial headwinds for the company in the last year and half, TriQuint has said these investments have positioned the company ahead of its competition.

Earlier this month, the company said it swung to a third-quarter profit as it posted improving revenue.

Shares closed Tuesday up 5.7% at $7.76. The stock is up 61% so far this year.

-Michael Calia contributed to this article.

[Savant] Starboard Delivers Letter to TriQuint CEO and Board of DirectorsOutl...

Savant — 10/30/2013 2:55:49 AM

Starboard Delivers Letter to TriQuint CEO and Board of Directors

Outlines the Significant Opportunities for Value Creation at TriQuint Highlights Strong Profitability and Growth of TriQuint's Networks & Defense and BAW Filter Businesses, Which Together May Be Worth Far More Than Where the Company Currently Trades Cites TriQuint's Underperforming, Underutilized Mobile Power Amplifier (PA) Business and its Excessive Operating Expenses as Primary Reasons TriQuint's Performance Has Significantly Lagged Peers Urges TriQuint to Explore Ways to Create Value for Shareholders, Including Restructuring of the Mobile PA Business Seeks to Immediately Begin Discussions with the Board Regarding Board Composition and Alternatives to Unlock Shareholder Value

NEW YORK, Oct. 29, 2013 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), owning securities representing beneficial ownership of approximately 8% of the outstanding common stock of TriQuint Semiconductor, Inc. ("TriQuint" or the "Company") (NASDAQ: TQNT), today announced that it has delivered a letter to the Company's CEO, Ralph G. Quinsey, and the Company's Board of Directors.

The full text of the letter is available for viewing at the following link: tinyurl.com

About Starboard Value LP

Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing in publicly traded U.S. small cap companies. Starboard invests in deeply undervalued small cap companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:

Peter Feld, (212) 201-4878

Gavin Molinelli, (212) 201-4828

www.starboardvalue.com

SOURCE Starboard Value LP

/Web site: starboardvalue.com

[Savant] TriQuint Announces Details of Investor and Analyst DayHILLSBORO, ...

Savant — 10/28/2013 9:06:53 PM

TriQuint Announces Details of Investor and Analyst Day

HILLSBORO, Ore.--(BUSINESS WIRE)--October 28, 2013--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will hold its Investor and Analyst Day in New York on October 31, 2013 from 8:00 a.m. to approximately 11:30 a.m. EDT. The link to the audio webcast along with the presentation materials will be made available prior to the event on the Investors' section of the company's website at invest.triquint.com.

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

[robert b furman] I sold 50 2015 5's for 45 cents. I always give up some premium just so I buy a...

robert b furman — 10/24/2013 10:39:43 AM

I sold 50 2015 5's for 45 cents.

I always give up some premium just so I buy at a good entry - 4.55 is about 20 cents over solid support over the last 2 years.

Putting up some cash as collateral and getting better than my broker gives.LOL

Thanks for the great idea.

Bob

[Savant] The Dec 2014 $7 puts, at 55c bid look mighty tempting, for a sell. fwiw

Savant — 10/24/2013 10:36:42 AM

[robert b furman] Triquint down 16% to 6.97. What a reward for turning a profit eh? Bob Edit ...

robert b furman — 10/24/2013 10:03:42 AM

Triquint down 16% to 6.97.

What a reward for turning a profit eh?

Bob

Edit just sold 50 2015 5.00 puts @ 45 cents.

If put to me my net cost would be 4.55 cents strong support at 4.35 and the company is now profitable and has 5G mobile phone solutions.

Military is probably to be impacted by sequester but their chips will be put off at the end vs the beginning imho.

Bob

[Savant] TriQuint Announces Third Quarter 2013 Results HILLSBORO, Ore...

Savant — 10/24/2013 7:06:56 AM

TriQuint Announces Third Quarter 2013 Results

HILLSBORO, Ore.--(BUSINESS WIRE)--October 23, 2013--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended September 28, 2013, including the following highlights:

-- Revenue for the quarter grew 32% sequentially to $250.8 million -- GAAP net income for the quarter was $13.6 million, or $0.08 per diluted share -- Non-GAAP net income for the quarter was $26.3 million, or $0.16 per diluted share -- Mobile Devices market revenue grew 53% sequentially and 42% over the same period a year ago -- Acquired CAP Wireless and its Spatium(TM) technology -- Won business with multiple customers with new BAW products -- Announced 5G Wi-Fi reference designs with Broadcom -- Introduced industry's most integrated small cell power amplifier for increasing network capacity -- Released new 100-200 Gb/s solutions to support the worldwide build-out of optical fiber networks

Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, "I am pleased with the strong growth and substantially improved earnings we achieved this quarter. Strong mobile demand drove improved factory utilization while expenses were managed closely. RF content growth is being fueled by next-generation smartphones operating in a more crowded spectrum with expanding frequency requirements. TriQuint is uniquely positioned to supply high-performance solutions for the most challenging and complex RF front end requirements."

Summary Financial Results for the Three Months Ended September 28, 2013:

Revenue for the third quarter of 2013 was $250.8 million, up 25% from the third quarter of 2012 and up 32% sequentially. Revenue grew 53% and 11% in the mobile devices and defense end markets respectively, but declined 11% in the networks end market sequentially. The decline in networks was largely driven by a reduction in non-strategic foundry business.

Cash and investments decreased by $62.4 million to $26.9 million in the quarter. Growth in accounts receivable and repayment of debt drove the decline.

GAAP

Gross margin for the third quarter of 2013 was 36.8%, up sequentially from 29.8% due primarily to higher revenue and factory utilization. Operating expenses for the third quarter of 2013 were $73.4 million, consistent with the previous quarter.

Net income for the third quarter of 2013 was $13.6 million or $0.08 per diluted share, compared with a net loss of $14.9 million, or $(0.09) per share, in the previous quarter.

Non-GAAP

Gross margin for the third quarter was 38.0%, up sequentially from 31.3% due to higher revenue and improved factory utilization. Operating expenses for the quarter were $68.6 million, down 1% sequentially.

Net income for the third quarter of 2013 of $26.3 million, or $0.16 per diluted share, improved sequentially from a net loss of $10.9 million or $(0.07) per share.

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 fourth quarter 2013 revenue will be between $260 million and $270 million. Fourth quarter revenue is currently 88% booked to the midpoint of this guidance. Non-GAAP gross margin is expected to be between 35% and 36%. Fourth quarter non-GAAP net income is expected to be between $0.12 and $0.14 per diluted share.

Additional Information regarding September 28, 2013 Results:

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 Nine Months Ended ================================================================== ================================== Change Change ----------- ---------- Change vs. vs. Q2 Q3 vs. Q3 ----------- ----------- ---------- Q3 2013 Q2 2013 2013 Q3 2012 2012 Q3 2013 Q3 2012 2012 ============ ============ =========== ============ =========== ========== ========== ========== Revenue $250.8 $190.1 32% $200.8 25% $625.1 $595.6 5% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Profit $ 92.2 $ 56.7 63% $ 61.6 50% $187.7 $169.1 11% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Margin % 36.8% 29.8% 7.0% 30.7% 6.1% 30.0% 28.4% 1.6% ------ --- ------ --- ----- --- ------ --- ----- --- ------ ------ ------ Op Income (loss) $ 18.8 $(16.4) 215% $ (5.5) 442% $(32.1) $(33.5) 4% ----- ---- ----- --- ----- --- ----- --- ----- --- ----- ----- ------ Net Income (loss) $ 13.6 $(14.9) 191% $(11.2) 221% $(29.3) $(22.4) (31)% ----- ---- ----- --- ----- --- ----- --- ----- --- ----- ----- ------ Inc(loss) per share $ 0.08 $(0.09) $0.17 $(0.07) $0.15 $(0.18) $(0.14) $(0.04) ----- ---- ----- --- ---- ---- ----- --- ---- ---- ----- ----- ----- NON-GAAP RESULTS (A) ------------------------------------------------------------------------------ ---------- ---------- ---------- Three Months Ended Nine Months Ended ------------------------------------------------------------------ ---------------------------------- Change Change ----------- ---------- Change vs. vs. Q2 Q3 vs. Q3 ----------- ----------- ---------- Q3 2013 Q2 2013 2013 Q3 2012 2012 Q3 2013 Q3 2012 2012 ============ ============ =========== ============ =========== ========== ========== ========== Revenue $250.8 $190.1 32% $200.8 25% $625.1 $595.6 5% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Profit $ 95.2 $ 59.5 60% $ 65.3 46% $196.7 $180.8 9% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Margin % 38.0% 31.3% 6.7% 32.5% 5.5% 31.5% 30.4% 1.1% ------ --- ------ --- ----- --- ------ --- ----- --- ------ ------ ------ Op Income (loss) $ 26.7 $(10.1) 364% $ 3.3 709% $ (9.4) $ (7.0) (34)% ----- ---- ----- --- ----- --- ----- ---- ----- --- ----- ----- ------ Net Income (loss) $ 26.3 $(10.9) 341% $ 2.5 952% $(11.9) $ (8.4) (42)% ----- ---- ----- --- ----- --- ----- ---- ----- --- ----- ----- ------ Inc(loss) per share $ 0.16 $(0.07) $0.23 $ 0.02 $0.14 $(0.07) $(0.05) $(0.02) ----- ---- ----- --- ---- ---- ----- ---- ---- ---- ----- ----- ----- A Excludes stock based compensation charges, non-cash tax (benefit) expense, certain entries associated with 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 77085822. 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 November 6, 2013.

Non-GAAP Financial Measures:

Adjustment for charges associated with acquisitions 0.01 ------ Forward Looking Q4 non-GAAP Net Earnings per Share $ 0.13 CONTACT: TriQuint Semiconductor, Inc.

Steve Buhaly, +1-503-615-9401

VP of Finance & Administration, CFO

steve.buhaly@triquint.com

or

Grant Brown, +1-503-615-9413

Director, Investor Relations

grant.brown@triquint.com

or

Media Contact:

Brandi Frye, +1-503-615-9488

Sr. Director, Corporate Communications

brandi.frye@triquint.com

This press release provides financial measures for non-GAAP net income (loss), diluted earnings (loss) per share, gross profit, gross margin, operating expenses and operating income (loss) that exclude equity compensation expense, non-cash tax expense (benefit), certain entries associated with acquisitions and other specifically identified non-routine items, and are therefore not calculated in accordance with accounting principles generally accepted in the United States ("GAAP"). The charges associated with acquisitions reflect the amortization of intangible and tangible assets and changes to the earnout liability estimates recorded in connection with acquisition accounting and charged to the income statement. The non-cash tax expense (benefit) excludes certain deferred tax charges and benefits that do not currently result in a tax payment or tax refund. Management believes that these non-GAAP financial measures provide meaningful supplemental information that enhances management's and investors' ability to evaluate TriQuint's operating results.

These non-GAAP financial measures are not intended to be used in isolation and should not be considered a substitute for any other performance measure determined in accordance with GAAP. Investors and potential investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool, including that other companies may calculate similar non-GAAP financial measures differently than we do, limiting their usefulness as a comparative tool. The company compensates for these limitations by providing specific information regarding the GAAP amount excluded from the non-GAAP financial measures. The company further compensates for the limitations of our use of non-GAAP financial measures by presenting comparable GAAP measures more prominently. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures contained within this press release with our GAAP net income and net income per share.

Forward-Looking Statements:

[Savant] TriQuint Expands Industry's Largest SMT Optical Modulator Driver Por...

Savant — 10/1/2013 12:42:55 PM

TriQuint Expands Industry's Largest SMT Optical Modulator Driver Portfolio with New 100-200 Gb/s Solutions

See TriQuint at ECOC, the Largest European Optical Communications Event

HILLSBORO, Ore.--(BUSINESS WIRE)--September 24, 2013--

TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced four new optical network products that expand the company's industry-leading portfolio with miniaturized and integrated modules. TriQuint high performance optical components reduce overall system costs, simplify RF design and shrink board space for today's 100 Gb/s optical fiber networks and future 200/400G systems.

In a market once dominated by connectorized modules four or five times the size of TriQuint's surface mount technology (SMT) modulator drivers, it's easy to see why smaller, more economical solutions continue to win market share. While legacy 'gold brick' modules once met needs, they were complex to assemble, burdened by high cost and power dissipation, while also demanding substantial PCB real-estate.

TriQuint introduced the first SMT modulator drivers for high-capacity optical networks, and has since built the industry's largest product portfolio. TriQuint solutions offer higher performance, ease of manufacturing, greater efficiency and integrated functionality. TriQuint's unique semiconductor passivation technology enables modulator drivers and other products to endure harsh conditions better than any other, which lowers maintenance and extends operational lifetimes.

"As we expand our optical product portfolio, we remain committed to improving the performance and lowering system costs for our customers. TriQuint solutions continue to set RF performance and reliability standards for current 100G and next-generation high capacity networks required to support the exponential growth in video and data demand," remarked James L. Klein, Vice President and General Manager for Infrastructure and Defense Products.

Infonetics Research forecasts continued growth for 100G networks and components, particularly for lower cost formats such as CFP2. "Operators no longer view 100G as an exotic technology and the market is entering a new stage of growth where lower equipment cost is a critical catalyst to wider adoption. Lower cost 100G networks will accelerate adoption of the technology into higher volume parts of the market, such as the metro. High performance, surface-mount solutions like TriQuint's continue to play key roles in the transition to 100G systems and beyond," said Infonetics' Andrew Schmitt, Principal Analyst, Optical.

New TriQuint Solutions

TGA4894-SL -- TriQuint's new lead-less SMT dual-channel linear driver reduces part counts by half compared to single-channel devices while meeting the higher order 16 QAM (quadrature amplitude modulation) requirements for 200/400G systems; it is based on TriQuint's proven single-channel solutions. The new TGA4894-SL exhibits high gain, low Total Harmonic Distortion (THD) and high channel-to-channel isolation. The TGA4894-SL's high gain (33dB) is a key benefit. When paired with commonly utilized / low-power DACs, it provides sufficient gain to deliver more than 7Vpp to industry-standard modulators; this results in low THD (3%), a key requirement for 200/400G systems.

TGA4957-SM -- TriQuint's TGA4957-SM is designed for 40/100G long-haul and regional markets as well as ultra-long haul (1000-4000+km) systems employing DP-BPSK modulation. It reduces the device footprint by 50% compared to prior generations.

TGA4840-SM -- This new modulator driver provides world-class power dissipation not exceeding 165mW for 32G baud rates in a miniaturized form factor. This enables TriQuint to grow its portfolio into short-reach / access network applications including those connecting smartphones and tablets. The TGA4840-SM is ideal for 'hot pluggable' modules supporting the CFP2/CFP4 standards that are one-half to one-quarter the size of standard CFP modules.

TGA2565-SM -- TriQuint's new SMT wideband clock driver covers three key frequencies: 11.3, 14.5 and 16.5 GHz. The TGA2565-SM integrates analog gain control (AGC) that eliminates an off-chip component and utilizes industry standard plastic encapsulated SMT packaging. This solution reduces part counts while covering three frequencies with one product.

TriQuint representatives will be available at ECOC in London on September 25 in Meeting Room 9. Contact TriQuint to discover ways TriQuint's latest RF optical solutions can reduce costs and improve performance in your design. TriQuint modulator drivers, clock drivers and transimpedance amplifiers deliver industry-leading solutions. Visit us online for complete optical RF portfolio details and register to receive product updates and TriQuint's newsletter.

Product Solutions Technical Details: Contact TriQuint for additional information.

Optical Drivers -------------- -------------- ------------- ------ ---- ------ --- ---- Frequency Gain IQ Part Description (GHz) Vpp (dB) 3dB BW +V (mA) -------------- -------------- ------------- ------ ---- ------ --- ---- TGA4957-SM 28 Gb/s 6 Vpp DC-28 4-8 22 25 4-5 450 Differential Driver; 6x6mm(2) -------------- -------------- ------------- ------ ---- ------ --- ---- CFP2 / CFP4 TGA4840-SM Pkg'd DC-32 1.5 10 28 3.3 50 Driver; 4x3mm(2) -------------- -------------- ------------- ------ ---- ------ --- ---- 100 Gb/s TGA4894-SL Linear Dual DC-34 5-8 35 25 5-7 650 Driver, 2 Internal Bias-T's -------------- -------------- ------------- ------ ---- ------ --- ---- Optical Clock 11.3, 14.5 TGA2565-SM Driver 16.5 27 dBm 27 17 6 210 with Integrated AGC (11-17) ----------------------------- ------------- ------ ---- ------ --- ----

FORWARD-LOOKING STATEMENTS

[Savant] TriQuint Introduces Industry's Most Integrated Small Cell Power Ampl...

Savant — 10/1/2013 12:42:03 PM

TriQuint Introduces Industry's Most Integrated Small Cell Power Amplifier: Reduces Board Space 50%

HILLSBORO, Ore. & RICHARDSON, Texas--(BUSINESS WIRE)--September 26, 2013--

TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today introduced its first integrated power amplifier solution for 'small cell' and active antenna base stations that dramatically reduces board space while delivering high efficiency. Small cell solutions are key components in 3G/4G mobile networks including LTE.

TriQuint's integrated small cell power amplifier, the TGA2450-SM, is the first in a family serving all key mobile infrastructure frequency bands. The new power amplifier and other integrated solutions for base station, networks and defense applications will be displayed during the European Microwave Week exhibition, October 8-10, 2013 (Nuremberg, Germany).

As the name implies, 'small cell' radio systems have deliberately-defined coverage areas that can improve connectivity where it is most needed. The radio transceivers in these systems are smaller by design to support indoor or outdoor deployment as required. By significantly reducing board space, network infrastructure OEMs can reduce the size of radio systems and their bills of materials.

"The market trend is towards more densely-packed, smaller radio links--small cells. TriQuint's highly-integrated solution offers the flexibility to support our customers' emerging designs. Our product family uses only half the space of traditional discrete parts," says Infrastructure and Defense Products Vice President and General Manager, James L. Klein.

Noted infrastructure researcher Earl J. Lum reports that small cell and active antenna solutions will be a growing part of infrastructure and future heterogeneous networks supporting faster 3G/4G data rates.

"Highly integrated power amplifier solutions such as the TGA2450-SM and filtering technology offered by TriQuint support additional network capacity, higher efficiency systems and reduced system BOMs. The overall LTE outdoor microcell market is expected to begin high volume shipments in 2014 and reach USD $1.8 billion by 2017," said Earl J. Lum, President of EJL Wireless Research.

New Base Station Product Details:

Average Frequency Output PAR / P3dB Vcc Range Power (dBm) / Gain / Linearity Package Part Description (GHz) (W) (W) (dB) PAE (dBc) Style Number ------------ ---------- ------- ---------- ---- --- --------- ------- ---------- PA Module 18 with & 5 Integrated / Doherty 2.11-2.17 2.5 7.5-8 / 18 35 35% -55 ACLR SMP TGA2450-SM ------------ ---------- ------- ---------- ---- --- --------- ------- ----------

Visit TriQuint during European Microwave Week in Stand 130/141, October 8-10 in the Nuremberg Convention Center. Contact TriQuint to arrange a meeting. Samples and evaluation fixtures of the new power amplifier are available. Register to receive product updates and TriQuint's newsletter. Visit us online for complete base station solutions.

FORWARD LOOKING STATEMENTS

[Savant] TriQuint Innovation Powers Broadcom 5G Wi-Fi Reference Designs Broadcom's 5G Wi-...

Savant — 9/16/2013 12:06:03 PM

TriQuint Innovation Powers Broadcom 5G Wi-Fi Reference Designs
Broadcom's 5G Wi-Fi reference designs include TriQuint's high-efficiency WLAN modules and premium 4G / Wi-Fi coexistence filters, providing more speed, range and power savings for consumer devices

HILLSBORO, Ore.--(BUSINESS WIRE)--September 16, 2013--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced that its TriConnect(R) 5 GHz WLAN front-end modules and premium LTE / Wi-Fi coexistence filters are being leveraged by Broadcom Corporation for use in the company's 5G Wi-Fi reference designs. The 5G Wi-Fi (IEEE 802.11ac) technology delivers faster throughput, longer operating range and extended battery life for smartphones, tablets and other consumer devices.

Broadcom's 5G Wi-Fi reference designs are widely used by engineers developing next-generation consumer devices. Broadcom's highly integrated combo chips offer a complete dual-band 5G Wi-Fi system with Bluetooth, FM radio and software on a single, compact silicon die. TriQuint's ultra-small, high-performance RF components deliver the demanding RF performance required to fully realize the speed, range and power saving benefits of 802.11ac, the latest evolution of Wi-Fi.

"We are proud to be strategically aligned with Broadcom, a well-recognized innovator in wireless communications," said Tim Dunn, Vice President of Mobile Devices. "Broadcom and TriQuint are leaders in delivering 802.11ac-based products. We're enabling gigabit Wi-Fi speeds and solving Wi-Fi / LTE coexistence problems to provide a superior consumer experience."

Analysts expect more than 100 million 802.11ac-enabled devices to ship by the end of 2013, growing to nearly half of all Wi-Fi chipset shipments for the consumer electronics market by 2017, a CAGR of 430%*. TriQuint's TriConnect(R) WLAN products already have captured multiple design wins with leading smartphone manufacturers. Its TQP887051 5GHz WLAN front-end module has been approved for Broadcom reference design BCM4335, while its LTE / Wi-Fi coexistence filter is included on reference designs BCM4335 and BCM4339.

TriQuint introduced the industry's first 802.11ac-ready module for mobile devices last year. "Since then, we have leveraged TriQuint's advanced in-house technology portfolio, the industry's largest, to develop our next-generation Wi-Fi products," Dunn added. "Our 802.11ac technology expertise also expands our future market opportunity for consumer electronics applications such as in-home video distribution."

To learn more about TriQuint's high-performance TriConnect(R) WLAN front-end modules and premium 4G / Wi-Fi coexistence filters announced at the 2013 Mobile World Congress, visit triquint.com or locate TriQuint's distributors, resellers or field sales representatives at www.triquint.com/sales.

By creating more reliable whole-home coverage, Broadcom's 5G Wi-Fi technology overcomes the digital content and wireless device challenge. Broadcom's family of 5G Wi-Fi solutions dramatically improves the wireless range in the home, allowing consumers to watch HD-quality video from more devices, in more places, simultaneously. The increased speed enables consumers to download web content from a mobile device faster and quickly synch large files, such as videos, in a fraction of the time. Visit www.broadcom.com to learn more.
============
New High-Performance TriQuint Filters Capture Design Wins in Next-Generation 4G Smartphones
With 4G connections expected to explode nine-fold to 1 billion by 2017, demand is growing for advanced BAW filter technology to solve challenging interference issues

HILLSBORO, Ore.--(BUSINESS WIRE)--September 09, 2013--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, has captured design wins with its new high-performance filters in next-generation 4G smartphones from multiple manufacturers. These devices utilize TriQuint's advanced bulk acoustic wave (BAW) technology to solve the toughest interference problems in today's increasingly crowded RF spectrum.

"Today's announcement of three new filters will be followed by more products to meet stringent 4G performance requirements around the world. As carriers roll out 4G networks, demand is surging for premium filters, " said Tim Dunn, Vice President of Mobile Devices. "TriQuint offers the industry's broadest portfolio of filters based on BAW, SAW and TC-SAW technology. Our BAW filter production has increased significantly, based on multiple new smartphone design wins." According to analysts, 4G connections are expected to explode to 1 billion by 2017*.

Some 4G bands are being squeezed right next to existing Wi-Fi spectrum, with little or no band guards. Mobile device manufacturers rely on TriQuint's high-performance filters to keep RF signals in the crowded spectrum isolated from one another, thereby preventing problems such as dropped calls. TriQuint has begun shipping several new BAW filters in high-volume smartphones and continues to expand its product portfolio to address the most vexing filtering challenges.

Product Details

Part # Description Bands Size (mm) Features ------ ------------------ ------------------- --------- ------------------ 885026 LTE Filter with 38 1.4 x 1.2 40dB minimum advanced BAW rejection in WLAN technology band; 10dB minimum rejection for Band 7 Rx 885041 2.4GHz Wi-Fi / LTE 7/38/40 & 2.4 GHz 1.7 x 1.3 15dB minimum Diplexer Filter Wi-Fi rejection in WLAN with advanced BAW band; diplexing technology enables use of single antenna for cellular and Wi-Fi 885049 LTE Filter with 40 1.4 x 1.2 40dB minimum advanced BAW rejection in WLAN technology band with best-in-class insertion loss

For more information about the company's high-performance filter and duplexer products, visit www.triquint.com/applications/mobile-devices/passive-products. To locate one of TriQuint's distributors, resellers or field sales representatives, please visit 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.

*Based on data from Mobile Experts and ABI Research

TriQuint: Reach Further, Reach Faster(TM)

CONTACT: TriQuint Semiconductor, Inc.

Ann Jansen, +1-503-615-9127

Marketing Comms Manager

ann.jansen@triquint.com

[Savant] TriQuint Announces Date for Second Quarter 2013 Earnings Release HILLSBORO, Ore....

Savant — 7/24/2013 11:32:12 AM

TriQuint Announces Date for Second Quarter 2013 Earnings Release
HILLSBORO, Ore.--(BUSINESS WIRE)--July 10, 2013-- TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will announce its second quarter 2013 results on July 24, 2013 at 1:00 p.m. PDT. The company will host a conference call with the investment community on the same day at 1:30 p.m. PDT. Conference Call Information: Date: July 24, 2013 Time: 1:30 p.m. (PDT) Dial-in: 888.813.6582 or 706.643.7082 Conference Call ID #: 14965216 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 July 30, 2013. To access the replay, please dial (855) 859-2056 and enter Conference ID # 14965216. 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. Steve Buhaly, +1-503-615-9401 VP of Finance & Administration, CFO sbuhaly@triquint.com or Grant Brown, +1-503-615-9413 Director, Investor Relations gbrown@triquint.com

[Savant] TriQuint Announces $75 Million Stock Repurchase Program HILLSBORO, Ore.--(BUSIN...

Savant — 5/16/2013 1:38:29 AM

TriQuint Announces $75 Million Stock Repurchase Program

HILLSBORO, Ore.--(BUSINESS WIRE)--May 15, 2013-- TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced a program authorizing the repurchase of up to $75 million of the Company's common stock. Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company is not obligated to repurchase any particular amount of common stock during any period and may choose to suspend or discontinue the repurchase program at any time. Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares. As of May 14, 2013, the Company has approximately 163.3 million shares of common stock outstanding. Forward-Looking Statements: This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding TriQuint's intent to implement a program to repurchase shares of its common stock, the manner in which such program will be implemented, and the level of investment and sources of funding for the program. Actual results may vary materially from those expressed or implied in the statements herein. Risks that may cause these forward-looking statements to be inaccurate include, among others, termination or suspension of the repurchase program, which may occur at any time, changes in the manner in which we implement the program, we may use substantially less than the full $75 million allocated under this repurchase program, fluctuations in the market price of our common stock and other risk factors described in TriQuint's reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. These reports can be accessed at the SEC web site, www.sec.gov. Except as required by law, TriQuint undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements. A reader of this release should understand that it is not possible to predict or identify all risk factors and should not consider the risk factors described in TriQuint's filings with the Securities and Exchange Commission to be a complete statement of all potential risks and uncertainties. Facts About TriQuint Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading RF solutions supplier and technology innovator 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) TQNT-F
CONTACT: TriQuint Semiconductor, Inc. VP of Finance & Administration, CFO Steve Buhaly, +1-503-615-9401 steve.buhaly@triquint.com or Media Contact: TriQuint Semiconductor, Inc. Sr. Director, Corporate Communications Brandi Frye, +1-503-615-9488 brandi.frye@triquint.com

[Savant] TriQuint Achieves Breakthrough GaN-on-Diamond Results Enables high performan...

Savant — 5/1/2013 12:24:25 AM

TriQuint Achieves Breakthrough GaN-on-Diamond Results

Enables high performance, low heat operation, significantly smaller transistors HILLSBORO, Ore. & RICHARDSON, Texas--(BUSINESS WIRE)--April 30, 2013-- TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced that it has produced the industry's first gallium nitride (GaN) transistors using GaN-on-diamond wafers that substantially reduce semiconductor temperatures while maintaining high RF performance. TriQuint's breakthrough technology enables new generations of RF amplifiers up to three times smaller or up to three times the power of today's GaN solutions. TriQuint received a Compound Semiconductor Industry Award in March commending its new GaN-on-diamond achievements. TriQuint's James L. Klein, Vice President and General Manager for Infrastructure and Defense Products, remarked that unlocking the true potential of high-efficiency GaN circuits will depend on achievements like those of TriQuint's advanced research and development program. Operating temperature largely determines high performance semiconductor reliability. It's especially critical for GaN devices that are capable of very high power densities. "By increasing the thermal conductivity and reducing device temperature, we are enabling new generations of GaN devices that may be much smaller than today's products. This gives significant RF design and operational benefits for our commercial and defense customers," he said. TriQuint demonstrated its new GaN-on-diamond, high electron mobility transistors (HEMT) in conjunction with partners at the University of Bristol, Group4 Labs and Lockheed Martin under the Defense Advanced Research Projects Agency's (DARPA) Near Junction Thermal Transport (NJTT) program. NJTT is the first initiative in DARPA's new 'Embedded Cooling' program that includes the ICECool Fundamentals and ICECool Applications research and development engagements. NJTT focuses on device thermal resistance 'near the junction' of the transistor. Thermal resistance inside device structures can be responsible for more than 50% of normal operational temperature increases. TriQuint research has shown that GaN RF devices can operate at a much higher power density and in smaller sizes, through its highly effective thermal management techniques. TriQuint's New GaN Achievement in Detail TriQuint's breakthrough involves the successful transfer of a semiconductor epitaxial overlay onto a synthetic diamond substrate, providing a high thermal conductivity and low thermal boundary resistance, while preserving critical GaN crystalline layers. This achievement is the first to demonstrate the feasibility of GaN-on-diamond HEMT devices. Results to date indicate TriQuint achieved the primary NJTT goal of a three-fold improvement in heat dissipation while preserving RF functionality; this achievement supports reducing power amplifier size or increasing output power by a factor of three. Additional fabrication improvements and extensive device testing are underway to optimize the epitaxial layer transfer process and fully characterize enhancements that can be achieved in these new HEMT devices.
TriQuint Gallium Nitride Product Innovation, Honors and Resources

Heritage Leader in defense and commercial GaN research since
1999
--------------------- -------------------------------------------------------
Research Leader in performance and reliability GaN development
--------------------- -------------------------------------------------------
University Partners Massachusetts Institute of Technology, University of
Notre Dame, University of Colorado at Boulder, and
University of Bristol
--------------------- -------------------------------------------------------
The Global GaN Impact Strategy Analytics recognizes TriQuint's GaN R&D / GaN
Product Innovation
--------------------- -------------------------------------------------------
Active R&D programs DARPA NEXT program for highly complex, high frequency
GaN MMICs
--------------------- -------------------------------------------------------
Defense Production Act (DPA) Title III program for GaN
on SiC; Radar and EW MMICs: Air Force and Navy
sponsors
--------------------- -------------------------------------------------------
DARPA Microscale Power Conversion program to develop
ultra-fast GaN power switch technology that is
integrated into next-generation amplifiers
--------------------- -------------------------------------------------------
DARPA Near Junction Thermal Transport (NJTT) GaN
program to increase circuit power handling capabilities
through enhanced thermal management
--------------------- -------------------------------------------------------
Army Research Laboratory (ARL) Cooperative Research and
Development Agreement (CRADA) to jointly develop
advanced GaN circuits
--------------------- -------------------------------------------------------
Recent Honors 2013 CS Industry Award for DARPA NJTT program; 2012 CS
Industry Award for DARPA MPC program; 2011 CS Industry
Award for DARPA NEXT
--------------------- -------------------------------------------------------
GaN Products Wide selection of innovative GaN amplifiers,
transistors and switches
--------------------- -------------------------------------------------------
GaN Foundry 0.25-micron GaN on SiC; 100mm wafers; DC-18 GHz
applications
--------------------- -------------------------------------------------------
For more information about TriQuint defense/aerospace products and foundry services, including GaN-based amplifiers, transistors, high-power switches and integrated assembly capabilities, visit us at www.triquint.com/defense, or register to receive product updates and TriQuint's newsletter. 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', 'exceptional', 'high efficiency', 'key role', 'leading supplier', 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) Distribution Statement "A" (Approved for Public Release, Distribution Unlimited)
CONTACT: TriQuint Semiconductor, Inc. Media Contact: Strategic Marketing Communications Mgr. Mark W. Andrews, +1-407-884-3404 Mobile: +1-407-353-8727 mark.andrews@triquint.com or Infrastructure & Defense Products: Research Sr. Director Douglas H. Reep, PhD, +1-972-994-8323 douglas.reep@triquint.com
SOURCE: TriQuint Semiconductor, Inc.

[Savant] TriQuint Announces First Quarter 2013 Results HILLSBORO, Ore.--(BUSINESS WIRE)-...

Savant — 4/25/2013 2:13:55 PM

TriQuint Announces First Quarter 2013 Results

HILLSBORO, Ore.--(BUSINESS WIRE)--April 24, 2013-- TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended March 30, 2013, including the following highlights: -- Revenue for the quarter was $184.2 million

-- GAAP net loss for the quarter was $27.9 million, or $(0.17) per share

-- Non-GAAP net loss for the quarter was $27.2 million, or $(0.17) per share

-- Received the 2013 CS Industry Award for GaN thermal management
breakthroughs

-- Released 5 new Transimpedance Amplifiers for Optical market

-- Launched premium TC-SAW and BAW filters to support 4G and Wi-Fi
Coexistence

-- Healthy design win traction with highly efficient MMPAs at major OEMs Commenting on the results for the quarter ended March 30, 2013, Ralph Quinsey, President and Chief Executive Officer, stated, "Q1 results, while disappointing, should be our low quarter for 2013. We have healthy design win traction and I expect strong second half revenue will improve utilization and push us back into profitability for the full year. We are well positioned in each of our markets to regain growth and margin momentum." Summary Financial Results for the Three Months Ended March 30, 2013: Revenue for the first quarter of 2013 was $184.2 million, down 15% from the first quarter of 2012 and down 21% sequentially. Mobile Device market revenue declined 30%, Networks grew 2% and Defense was down 16%, in each case sequentially. GAAP Gross margin for the first quarter of 2013 was 21.0%, down sequentially from 29.3% in the fourth quarter of 2012 and down 28.9% from the first quarter of 2012 due to lower revenue and about $5 million in charges from a now resolved quality issue. Operating expenses for the first quarter of 2013 were $73.3 million, or 40% of revenue, up from $72.0 million in the previous quarter and $66.2 million for the same period in 2012. Increased R&D spending drove the change. Net loss for the first quarter of 2013 was $27.9 million or $(0.17) per share, compared with a net loss of $3.8 million, or $(0.02) per share, in the previous quarter and net income of $1.9 million or $0.01 per diluted share for the three months ended March 31, 2012. Cash and investments increased by $2.2 million to $141.1 million in the quarter. Non-GAAP Gross margin for the first quarter was 22.8%, down sequentially from 31.7% and down from 30.4% for the same period in 2012. Lower revenue and about $5 million in charges from a now resolved quality issue drove the decline. Operating expenses for the quarter were $68.0 million, up $1.4 million sequentially. Increased R&D spending drove the change. Net loss for the first quarter of 2013 was $27.2 million, or $(0.17) per share, down sequentially from net income of $6.2 million or $0.04 per diluted share, and down from net income of $4.1 million or $0.02 per diluted share for the three months ended March 31, 2012. 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 quarter 2013 revenue will be between $185 million and $190 million. Non-GAAP gross margin is expected to be between 27% and 29% with higher factory utilization and the absence of the first quarter quality issue driving the expected sequential improvement. Second quarter non-GAAP net loss per share is expected to be between $(0.10) and $(0.12) per share. The Company is 92% booked to the midpoint of revenue guidance. Additional Information regarding March 30, 2013 Results: 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 financial statement portion of this press release.
GAAP RESULTS
--------------------------------------------------------------------------------

Three Months Ended
--------------------------------------------------------------------

Change Change
vs. vs.
Q1 2013 Q4 2012 Q4 2012 Q1 2012 Q1 2012
------------ ------------ ------------ ------------ ------------
Revenue $184.2 $233.6 (21)% $216.7 (15)%
----- ---- ----- ---- ------ ----- ---- ------
Gross
Profit $ 38.8 $ 68.5 (43)% $ 62.6 (38)%
----- ---- ----- ---- ------ ----- ---- ------
Gross
Margin % 21.0% 29.3% (8.3)% 28.9% (7.9)%
------ --- ------ --- ------ ------ --- ------
Operating
Loss $(34.5) $ (3.6) (858)% $ (3.6) (858)%
----- --- ----- --- ------ ----- --- ------
Net (Loss)
Income $(27.9) $ (3.8) (634)% $ 1.9 (1,568)%
----- --- ----- --- ------ ----- ---- ------
Diluted
per
share $(0.17) $(0.02) $(0.15) $ 0.01 $(0.18)
----- --- ----- --- ----- --- ----- ---- ----- ---

NON-GAAP RESULTS (A)
--------------------------------------------------------------------------------

Three Months Ended
--------------------------------------------------------------------

Change Change
vs. vs.
Q1 2013 Q4 2012 Q4 2012 Q1 2012 Q1 2012
------------ ------------ ------------ ------------ ------------
Revenue $184.2 $233.6 (21)% $216.7 (15)%
----- ---- ----- ---- ------ ----- ---- ------
Gross
Profit $ 42.0 $ 74.1 (43)% $ 65.8 (36)%
----- ---- ----- ---- ------ ----- ---- ------
Gross
Margin % 22.8% 31.7% (8.9)% 30.4% (7.6)%
------ --- ------ --- ------ ------ --- ------
Op (Loss)
Income $(26.0) $ 7.5 (447)% $ 4.4 (691)%
----- --- ----- ---- ------ ----- ---- ------
Net (Loss)
Income $(27.2) $ 6.2 (539)% $ 4.1 (763)%
----- --- ----- ---- ------ ----- ---- ------
Diluted
per
share $(0.17) $ 0.04 $(0.21) $ 0.02 $(0.19)
----- --- ----- ---- ----- --- ----- ---- ----- ---
A Excludes stock based compensation charges, non-cash tax (benefit)
expense, certain entries associated with 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 24313821. 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 May 1, 2013. Non-GAAP Financial Measures: This press release provides financial measures for non-GAAP net income (loss), diluted earnings (loss) per share, gross profit, gross margin, operating expenses and operating income (loss) that exclude equity compensation expense, non-cash tax (benefit) expense, certain entries associated with acquisitions and other specifically identified non-routine items, and are therefore not calculated in accordance with accounting principles generally accepted in the United States ("GAAP"). The charges associated with acquisitions reflect the amortization of intangible and tangible assets recorded in connection with acquisition accounting and charged to the income statement. The non-cash tax (benefit) expense excludes certain deferred tax charges and benefits that do not result in a tax payment or tax refund. Management believes that these non-GAAP financial measures provide meaningful supplemental information that enhances management's and investors' ability to evaluate TriQuint's operating results. These non-GAAP financial measures are not intended to be used in isolation and should not be considered a substitute for any other performance measure determined in accordance with GAAP. Investors and potential investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool, including that other companies may calculate similar non-GAAP financial measures differently than we do, limiting their usefulness as a comparative tool. The company compensates for these limitations by providing specific information regarding the GAAP amount excluded from the non-GAAP financial measures. The company further compensates for the limitations of our use of non-GAAP financial measures by presenting comparable GAAP measures more prominently. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures contained within this press release with our GAAP net income and net income per share. Forward-Looking Statements:

[Savant] TriQuint Announces Fourth Quarter and Full Year 2012 Results HILLSBORO, Ore., ...

Savant — 2/7/2013 12:03:04 PM

TriQuint Announces Fourth Quarter and Full Year 2012 Results

HILLSBORO, Ore., Feb 06, 2013 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc
(TQNT), a leading RF solutions supplier and technology innovator, announces its
financial results for the quarter and year ended December 31, 2012, including the
following highlights:

-- Revenue for the quarter was $233.6 million, up 16% from Q3 2012

-- Mobile Devices market revenue grew 19% sequentially from Q3 2012

-- Strong demand for 5GHz WLAN drove 66% sequential growth in connectivity in
smartphones

-- Ramping high-performance LTE filters for Samsung, LG, HTC and Motorola
Mobility smartphones

-- Record Optical sales in 2012 fueled by industry leading 40/100G modulator
drivers

-- VSAT revenue up 40% sequentially with production launch of major Ka band
program

-- Set industry record for gallium nitride (GaN) reliability performance

Commenting on the Company's financial results, Ralph Quinsey, President and Chief
Executive Officer, stated "TriQuint's revenue for Q4 was $233.6 million and
non-GAAP earnings per share was $0.04, both above our guidance. We are continuing
to expand capacity for high performance filters in anticipation of stronger
demand in the second half of 2013 and beyond. I believe these investments will
lead to improved financial results for the company."

Summary Financial Results for the Quarter and Year Ended December 31, 2012:

Revenue for the fourth quarter of 2012 was $233.6 million, up 3% from the fourth
quarter of 2011 and up 16% sequentially. Mobile Devices revenue grew 19%,
Networks revenue grew 1% and Defense & Aerospace grew 36%, in each case,
sequentially. Revenue for 2012 was $829.2 million, down 7% from 2011 due to a
decrease in Mobile Devices revenue.

GAAP

Gross margin for the fourth quarter of 2012 was 29.3%, down from 30.7% in the
prior quarter. Gross margin for the year ended December 31, 2012 was 28.7%, down
from 35.9% for 2011. Lower factory utilization drove the year-to-year decline.

Operating expenses for the fourth quarter of 2012 were $72.0 million, or 31% of
revenue, up from $67.1 million in the prior quarter. Operating expenses for 2012
were $274.7 million, up from $262.9 million in 2011. The increase in the fourth
quarter and for 2012 was due to higher engineering expenses.

Net loss for the fourth quarter of 2012 was $3.8 million, or $(0.02) per diluted
share. Net loss for 2012 was $26.2 million or $(0.16) per diluted share.

Non-GAAP

Gross margin for the fourth quarter of 2012 was 31.7%, down from 32.5% in the
prior quarter. Gross margin for 2012 was 30.7%, down from 37.2% for 2011. Lower
factory utilization drove the year-to-year decline.

Operating expenses for the fourth quarter of 2012 were $66.6 million or 29% of
revenue, up $4.6 million from the prior quarter. Operating expenses for 2012 were
$254.4 million or 31% of revenue, up from $244.4 million in 2011. The increase in
the fourth quarter and for 2012 was due to higher engineering expenses.

Net income for the fourth quarter of 2012 was $6.2 million, or $0.04 per diluted
share. Net loss for 2012 was $2.2 million, or $(0.01) per diluted share.

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 first quarter 2013 revenue will be between $180 million and
$190 million. First quarter 2013 non-GAAP net loss is expected to be between
$0.12 and $0.14 per share. The Company is 98% booked to the midpoint of revenue
guidance.

Additional Information Regarding December 31, 2012 Results:

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
financial statement portion of this press release.

GAAP RESULTS
----------------------------------------------------------------------------------------------------------------------
Three Months EndedYear Ended
-----------------------------------------------------------------------
Q4 2012Q3 2012ChangeQ4 2011Change20122011Change
vs. Q3vs. Q4vs. 2011
20122011
-----------------------------------------------------------------------
Revenue$ 233.6$ 200.816 %$ 227.03 %$ 829.2$ 896.1(7)%
-- ------- ----------------- ------------------ ------- ----------------
Gross Profit$68.5$61.611 %$67.02 %$ 237.6$ 321.9(26)%
------- ----------------- ------------------ ------- ----------------
Gross Margin %29.3 %30.7 %(1.4)%29.5 %(0.2)%28.7 %35.9 %(7.2)%
---------------------------------------------------------------------------------------
Op (loss)/Inc$(3.6)$(5.5)(35)%$5.4(167)%$ (37.1)$59.0(163)%
-- ----- ---- ----- -------------- ------------------ ----- ---- ----------------
Net (loss)/Inc$(3.8)$ (11.2)(66)%$4.3(188)%$ (26.2)$48.2(154)%
-- ----- ---- ----- -------------- ------------------ ----- ---- ----------------
Diluted EPS$ (0.02)$ (0.07)$ 0.05$0.03$ (0.05)$ (0.16)$0.28$ (0.44)
---------------- ----- ---- ----- ---- ------ ------- ----- ---- ----- ---- ------- ----- --
NON-GAAP RESULTS A
-------------------------------------------------------------------------------------
Three Months EndedYear Ended
-----------------------------------------------------------------------
Q4 2012Q3 2012ChangeQ4 2011Change20122011Change
vs. Q3vs. Q4vs. 2011
20122011
-----------------------------------------------------------------------
Revenue$ 233.6$ 200.816 %$ 227.03 %$ 829.2$ 896.1(7)%
-- ------- ----------------- ------------------ ------- ----------------
Gross Profit$74.1$65.313 %$70.35 %$ 254.9$ 333.2(23)%
-- ------- ----------------- ------------------ ------- ----------------
Gross Margin %31.7 %32.5 %(0.8)%31.0 %0.7 %30.7 %37.2 %(6.5)%
---------------------------------------------------------------------------------------
Op Income$7.5$3.3127 %$13.4(44)%$0.5$88.7(99)%
-- ------- ----------------- ------------------ ------- ----------------
Net Income$6.2$2.5148 %$13.3(53)%$(2.2)$87.3(103)%
-- ------- ----------------- ------------------ ----- ---- ----------------
Diluted EPS$0.04$0.02$ 0.02$0.08$ (0.04)$ (0.01)$0.51$ (0.52)
---------------- ------- ------- ------ ------- ----- ---- ----- ---- ------- ----- --
AExcludes stock based compensation charges, non-cash tax (benefit)
expense, certain charges associated with acquisitions, and other
specifically identified non-routine transactions.

Conference Call:

TriQuint will host a conference call this afternoon at 1:30 p.m. PST to discuss
the results for the quarter as well as 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 88651773. 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 February 13, 2013.

Non-GAAP Financial Measures:

This press release provides financial measures for non-GAAP net income, diluted
earnings per share, gross profit, gross margin, operating expenses and operating
income that exclude equity compensation expense, non-cash tax (benefit) expense,
certain charges associated with acquisitions, and other specifically identified
non-routine items, and are therefore not calculated in accordance with accounting
principles generally accepted in the United States ("GAAP"). The non-cash tax
(benefit) expense includes certain deferred tax charges and benefits that do not
result in a tax payment or tax refund. Management believes that these non-GAAP
financial measures provide meaningful supplemental information regarding our
performance that enhances management's and investors' ability to evaluate
TriQuint's operating results.

These non-GAAP financial measures are not intended to be used in isolation and
should not be considered a substitute for any other performance measure
determined in accordance with GAAP. Investors and potential investors are
cautioned that there are material limitations associated with the use of non-GAAP
financial measures as an analytical tool, including that other companies may
calculate similar non-GAAP financial measures differently than we do, limiting
their usefulness as a comparative tool. The Company compensates for these
limitations by providing specific information regarding the GAAP amount excluded
from the non-GAAP financial measures. The Company further compensates for the
limitations of our use of non-GAAP financial measures by presenting comparable
GAAP measures more prominently. Investors and potential investors are encouraged
to review the reconciliation of non-GAAP financial measures contained within this
press release with our GAAP net income and net income per share.

Forward-Looking Statements:

This press release contains forward-looking statements made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements regarding TriQuint's anticipated
revenues and non-GAAP net income per share, and strong demand in the second half
of 2013 and beyond. Actual results may vary materially from those expressed or
implied in the statements herein or from historical results, due to changes in
economic, business, competitive, technological and/or regulatory factors,
including TriQuint's performance; demand for TriQuint's products; TriQuint's
ability to develop new products, improve yields, maintain product pricing and
reduce costs; the impact on our costs and customers of product reliability and
scrap levels; TriQuint's ability to win customers, increase market share and
continue to provide expected levels of inventory to customers; inventory levels
in TriQuint's markets and market conditions. Additional considerations and
important risk factors are described in TriQuint's reports on Form 10-K and 10-Q
and other filings with the Securities and Exchange Commission. These reports can
be accessed at the SEC web site, sec.gov. Except as required by law,
TriQuint undertakes no obligation to revise or publicly release the results of
any revision to these forward-looking statements.

A reader of this release should understand that it is not possible to predict or
identify all risk factors and should not consider the risk factors described in
TriQuint's filings with the Securities and Exchange Commission to be a complete
statement of all potential risks and uncertainties.

Facts About TriQuint

Founded in 1981, 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.com

TriQuint: Reach Further, Reach Faster(TM)

TQNT-F

CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands)
December 31,December 31,
20122011
---------------------------------
Assets
Current assets:
Cash and cash equivalents$116,653$116,305
Investments in marketable securities22,30546,006
Accounts receivable, net132,729129,103
Inventories138,246151,577
Prepaid expenses8,9387,051
Deferred tax assets, net12,53011,857
Other current assets48,38235,756
---------------------------------
Total current assets479,783497,655
Property, plant and equipment, net448,741469,943
Goodwill4,3913,376
Intangible assets, net23,16322,732
Deferred tax assets - noncurrent, net57,18548,957
Other noncurrent assets, net40,41512,605
---------------------------------
Total assets$ 1,053,678$ 1,055,268
==== ================ =========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$65,388$67,812
Accrued payroll33,25428,519
Other accrued liabilities15,1329,901
---------------------------------
Total current liabilities113,774106,232
Long-term liabilities:
Long-term income tax liability2,809735
Cross-licensing liability12,818--
Other long-term liabilities15,87811,013
---------------------------------
Total liabilities145,279117,980
Stockholders' equity:
Common stock161166
Additional paid-in capital676,203678,412
Accumulated other comprehensive income(366)140
Retained earnings232,401258,570
---------------------------------
Total stockholders' equity908,399937,288
---------------------------------
Total liabilities and stockholders' equity$ 1,053,678$ 1,055,268
==== ================ =========

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except per share amounts)
Three Months EndedYear Ended
-------------------------------------------------------------- -------------------------------------
December 31,September 29,December 31,December 31,December 31,
20122012201120122011
---------------------------------------------------------------------------------
Revenues$ 233,621$ 200,821$ 226,987$ 829,174$ 896,083
Cost of goods sold165,165139,208159,948591,578574,152
-----------------------------------------------------------------------
Gross profit68,45661,61367,039237,596321,931
Operating expenses:
Research, development and engineering44,45340,87135,992160,483146,902
Selling, general and administrative27,56926,26423,364106,64296,779
Litigation expense----2,2567,54719,224
-----------------------------------------------------------------------
Total operating expenses72,02267,13561,612274,672262,905
Operating (loss) income(3,566)(5,522)5,427(37,076)59,026
Other (expense) income:
Interest income455844241293
Interest expense(784)(666)(460)(2,112)(1,567)
Recovery of investment----4956,9571,363
Other, net(53)2335116(143)
-------------------------------------------------------------------------------
Other (expense) income, net(792)(585)1145,202(54)
(Loss) income before income tax(4,358)(6,107)5,541(31,874)58,972
Income tax (benefit) expense(602)5,1391,232(5,705)10,822
-------------------------------------------------------------------------------
Net (loss) income$(3,756)$ (11,246)$4,309$ (26,169)$48,150
======= ======= =========== ======= ======== =========== ======= ======== =======
.
Per Share Data
Basic per share net (loss) income$(0.02)$(0.07)$0.03$(0.16)$0.29
Diluted per share net (loss) income$(0.02)$(0.07)$0.03$(0.16)$0.28
Weighted-average shares outstanding:
Basic162,083163,838165,711164,366164,256
Diluted162,083163,838168,753164,366172,510

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(% of revenue)
Three Months EndedYear Ended
---------------------------------------------------------------------------
December 31,September 29,December 31,December 31,December 31,
20122012201120122011
----------------------------------------------------------------------------
Revenues100.0 %100.0 %100.0 %100.0 %100.0 %
Cost of goods sold70.7 %69.3 %70.5 %71.3 %64.1 %
-------------- -------------------- ------------ ------------ ------------ ------
Gross profit29.3 %30.7 %29.5 %28.7 %35.9 %
Operating expenses:
Research, development and engineering19.0 %20.3 %15.9 %19.4 %16.4 %
Selling, general and administrative11.8 %13.1 %10.3 %12.9 %10.8 %
Litigation expense----0.9 %0.9 %2.1 %
---------------------------------- ------------ ------------ ------
Total operating expenses30.8 %33.4 %27.1 %33.2 %29.3 %
Operating (loss) income(1.5)%(2.7)%2.4 %(4.5)%6.6 %
Other income (expense):
Interest income0.0 %0.0 %0.0 %0.1 %0.0 %
Interest expense(0.3)%(0.3)%(0.2)%(0.2)%(0.2)%
Recovery of investment----0.2 %0.8 %0.2 %
Other, net(0.1)%0.0 %0.0 %0.0 %0.0 %
-------------- -------------------- ------------ ------------ ------------ ------
Other (expense) income, net(0.4)%(0.3)%0.0 %0.7 %(0.0)%
(Loss) income before income tax(1.9)%(3.0)%2.4 %(3.8)%6.6 %
Income tax (benefit) expense(0.3)%2.6 %0.5 %(0.6)%1.2 %
-------------- -------------------- ------------ ------------ ------------ ------
Net (loss) income(1.6)%(5.6)%1.9 %(3.2)%5.4 %
============== ==================== ============ ============ ============ ======

SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(In thousands, except per share amounts and percentages)
Three Months EndedYear Ended
-------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------
December 31,September 29,December 31,December 31,December 31,
20122012201120122011
-------------------------------------------------------------------------------------------------------------------------------------------------------
(% of revenues)(% of revenues)(% of revenues)(% of revenues)(% of revenues)
GAAP GROSS PROFIT$68,45629.3 %$61,61330.7 %$67,03929.5 %$ 237,59628.7 %$ 321,93135.9 %
Adjustment for stock based compensation charges2,5441.1 %2,5491.3 %2,2071.0 %9,0211.1 %6,9180.8 %
Adjustment for restructuring charges------------1,7630.2 %----
Adjustment for accelerated depreciation of certain machinery and2,0180.9 %--------2,0180.2 %----
equipment
Adjustment for charges associated with acquisitions1,1260.4 %1,1850.5 %1,0790.5 %4,5310.5 %4,3030.5 %
------------------------------ -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP GROSS PROFIT$74,14431.7 %$65,34732.5 %$70,32531.0 %$ 254,92930.7 %$ 333,15237.2 %
GAAP OPERATING EXPENSES$72,02230.8 %$67,13533.4 %$61,61227.1 %$ 274,67233.2 %$ 262,90529.3 %
Adjustment for stock based compensation charges(5,062)(2.2)%(4,815)(2.4)%(4,532)(2.0)%(20,204)(2.5)%(18,164)(2.0)%
Adjustment for charges associated with acquisitions(312)(0.1)%(257)(0.1)%(202)(0.1)%(56)(0.1)%(326)--
------------------- -------------- --------------------- -------------- --------------------- -------------- ----------------- ---- --------------------- --------------
NON-GAAP OPERATING EXPENSES$66,64828.5 %$62,06330.9 %$56,87825.0 %$ 254,41230.6 %$ 244,41527.3 %
GAAP OPERATING (LOSS) INCOME$(3,566)(1.5)%$(5,522)(2.7)%$5,4272.4 %$ (37,076)(4.5)%$59,0266.6 %
Adjustment for stock based compensation charges7,6063.3 %7,3643.7 %6,7393.0 %29,2253.6 %25,0822.8 %
Adjustment for restructuring charges------------1,7630.2 %----
Adjustment for accelerated depreciation of certain machinery and2,0180.9 %--------2,0180.2 %----
equipment
Adjustment for charges associated with acquisitions1,4380.5 %1,4420.6 %1,2810.6 %4,5870.6 %4,6290.5 %
------------------------------ -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP OPERATING INCOME$7,4963.2 %$3,2841.6 %$13,4476.0 %$5170.1 %$88,7379.9 %
GAAP NET (LOSS) INCOME$(3,756)(1.6)%$ (11,246)(5.6)%$4,3091.9 %$ (26,169)(3.2)%$48,1505.4 %
Adjustment for stock based compensation charges7,6063.3 %7,3643.7 %6,7393.0 %29,2253.6 %25,0822.8 %
Adjustment for restructuring charges------------1,7630.2 %----
Adjustment for accelerated depreciation of certain machinery and2,0180.9 %--------2,0180.2 %----
equipment
Adjustment for recovery of investment--------(495)(0.2)%(6,957)(0.9)%(1,363)(0.2)%
Adjustment for non-cash tax (benefit) expense(1,196)(0.5)%4,9552.6 %1,3070.5 %(6,801)(0.8)%10,5521.2 %
Adjustment for charges associated with acquisitions1,5400.6 %1,4420.6 %1,4020.6 %4,7150.6 %4,8330.5 %
------------------------------ -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP NET INCOME (LOSS)$6,2122.7 %$2,5151.3 %$13,2625.8 %$(2,206)(0.3)%$87,2549.7 %
GAAP DILUTED (LOSS) EARNINGS PER SHARE$(0.02)$(0.07)$0.03$(0.16)$0.28
Adjustment for stock based compensation charges0.050.040.040.180.15
Adjustment for restructuring charges------0.01--
Adjustment for accelerated depreciation of certain machinery and0.01----0.01--
equipment
Adjustment for recovery of investment----0.00(0.04)(0.01)
Adjustment for non-cash tax (benefit) expense(0.01)0.040.00(0.04)0.06
Adjustment for charges associated with acquisitions0.010.010.010.030.03
----------------------------------------------------------------------------
NON-GAAP DILUTED EARNINGS (LOSS) PER SHARE$0.04$0.02$0.08$(0.01)$0.51

Our earnings release contains forward looking estimates of non-GAAP diluted
earnings per share for the first quarter of 2013. We provide these non-GAAP
measures on a prospective basis for the same reasons that we provide them to
investors on a historical basis. The following table provides a reconciliation of
GAAP diluted earnings per share to non-GAAP diluted earnings per share for Q1
2013 based on the mid-point of guidance.

Forward Looking GAAP Loss per Share$ (0.10)
Adjustment for stock based compensation charges0.05
Adjustment for non-cash tax (benefit) expense(0.09)
Adjustment for charges associated with acquisitions0.01
---------
Forward Looking non-GAAP Diluted Loss per Share$ (0.13)

cts.businesswire.com

SOURCE: TriQuint Semiconductor, Inc.

TriQuint Semiconductor, Inc
VP of Finance & Administration, CFO
Steve Buhaly, +1-503-615-9401
sbuhaly@tqs.com
or
Media Contact:
TriQuint Semiconductor, Inc.
Sr Director, Marketing Comms
Brandi Frye, +1-503-615-9488
bfrye@tqs.com

[Savant] TriQuint's High-Performance Filters Capture 4G Smartphone Design Wins in Fast-G...

Savant — 1/3/2013 3:22:39 PM

TriQuint's High-Performance Filters Capture 4G Smartphone Design Wins in
Fast-Growing Market

Advanced acoustic wave technology delivers superior filter performance for
multiband smartphones

HILLSBORO, Ore., Dec 11, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, has gained
design wins for its new high-performance acoustic wave filters in sought-after 4G
smartphones from manufacturers including Samsung, LG, HTC and Motorola Mobility.
Now shipping in volume, the new filters leverage the company's broad technology
portfolio to deliver the superior filter performance required for the most
challenging LTE frequency bands.

LTE deployments are driving demand for high-performance filters in today's
multiband smartphones. High-end smartphones house a growing number of cellular
and Wi-Fi bands to support 2G/3G/4G voice and data services, as well as global
roaming. In addition, the global spectrum crunch is leading governments around
the world to squeeze new bands for 4G wireless services next to pre-existing
bands, often with minimal guard bands. Advanced filter technology is needed to
mitigate the resulting interference issues.

"Our customers count on TriQuint to solve their toughest filtering challenges,"
said Tim Dunn, Vice President of Mobile Devices. "We've achieved significant
advancements in acoustic wave technology, thanks to three decades of filter
innovation and our extensive manufacturing expertise. We're one of the very few
high-volume suppliers that can meet the demanding performance requirements for
the most stringent LTE filter bands. In the years ahead, deployments of
next-generation LTE Advanced will spur even more demand for TriQuint's
high-performance filters to reap the benefits of carrier aggregation."

Filters, duplexers and switches already account for nearly half of the total $6.4
billion RF market*. As LTE networks continue to deploy, passive content in
smartphones, tablets and other mobile devices will continue to grow. "TriQuint is
well positioned to win more business in this important market segment -- with our
technology leadership, unmatched integration expertise, chipset reference designs
and continuing investments in capacity," Dunn stated. TriQuint increased
manufacturing capacity by 40 percent in 2011 to support customer demand for its
growing mobile device portfolio.

Exploding Demand for Smartphone Filters

"The market for RF duplexers alone will reach $2.5 billion in 2016," said
Yoshiyasu Andoh, president of market research firm Navian. "The wide use of WCDMA
and increasing number of LTE bands is driving demand for duplexers at a
significant rate. As RF complexity increases, we expect to see further
integration of passives components such as filters and duplexers with active
components like power amplifiers and switches."

High-Performance 4G Filtering

The demand for high-performance filters is exploding as LTE networks deploy and
Wi-Fi becomes ubiquitous. New 4G frequency bands are usually assigned next to
pre-existing bands for Wi-Fi and Bluetooth services, often with minimal guard
bands. TriQuint's bulk acoustic wave (BAW) and temperature-compensated (TC-SAW)
technologies are instrumental in enabling simultaneous voice and data for 4G
smartphones that operate on many different frequency bands, often in multiple
regions of the world. Since 2006, TriQuint has shipped more than 2 billion SAW
filters and nearly 1 billion BAW filters.*

Besides mobile devices, TriQuint innovations in SAW, TC-SAW and BAW devices have
become the bedrock of the world's most advanced radar and communications systems,
through R&D with partners like the Defense Advanced Research Projects Agency
(DARPA). TriQuint is the only high-volume RF supplier that offers all three
filter technologies, either as stand-alone devices or integrated modules. By
combining active and passive components into tiny modules, TriQuint uses
innovations like CuFlip(TM) and its new wafer level packaging (WLP) process to
deliver size, cost and performance advantages.

TC-SAW and BAW: Enabling 4G Smartphones

SAW filters are well suited for most frequencies up through 1.9 GHz, such as
standard GSM, CDMA, and 3G bands. Some new 3G and 4G WCDMA duplexers and filters
are best served by TC-SAW, which reduces temperature drift for more challenging
specifications. For example, TriQuint uses TC-SAW to support Band 13, Band 20 and
Band 26 duplexers.

BAW is ideal for many of the new LTE bands above 1.9 GHz, delivering superior
performance with lower insertion loss, steeper slopes and excellent rejection.
BAW excels in applications where the uplink and downlink separation is minimal
and when attenuation is required in tightly-packed adjacent bands. TriQuint
harnesses the advantages of BAW technology to serve the following bands: Band 3,
Band 7, Band 25, Band 38, Band 40 and Band 41, as well as Wi-Fi co-existence
filters.

To locate one of TriQuint's distributors, resellers or local and field sales
representatives, please visit triquint.com.

FORWARD-LOOKING STATEMENTS

This TriQuint Semiconductor, Inc. (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', 'unmatched',
'smallest', 'high performance', 'superior 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 could cause actual results to differ materially from
expectations expressed / implied in forward-looking statements.

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.com.

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

*Based on internal company estimates

Photos/Multimedia Gallery Available:
businesswire.com

SOURCE: TriQuint Semiconductor, Inc.

TriQuint Semiconductor, Inc.
Brandi Frye, +1-503-615-9488
Director, Marketing Comms
brandi.frye@tqs.com

[Savant] TriQuint Introduces Integrated Multi-band, Multi-mode Power Amplifier for Next-...

Savant — 9/22/2012 1:17:06 AM

TriQuint Introduces Integrated Multi-band, Multi-mode Power Amplifier for
Next-Gen Global 3G / 4G Smartphones

The compact, high-efficiency MMPA simplifies design, speeds time to market and
delivers more user operating time

HILLSBORO, Ore., Sep 20, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, today announced
a new Multi-band, Multi-mode Power Amplifier (MMPA) that simplifies the
increasingly complex RF front-end for next-generation global 3G / 4G smartphones
and other mobile devices. The compact, highly integrated TRIUMF(TM) MMPA achieves
best-in-class power-added efficiency, providing up to 15 percent more browsing
time.

"As LTE networks roll out, next-generation smartphones have to incorporate a
growing number of frequency bands. This means device manufacturers must support
the rapidly growing RF content within very small form factors -- without
compromising performance," explained Shane Smith, Vice President of Global
Marketing for Mobile Devices. "Our customers confirm that our new TRIUMF
TQM7M9053 MMPA is optimized for these demanding applications. This integrated
solution consumes 13 percent less PCB space than discrete components and
simplifies routing to enhance system performance and time to market."

Increasing device complexity is driving demand for integrated RF solutions such
as MMPAs. "Multimode, multiband PAs mark the rise of a new high-growth segment
that will alter the course of the RF components industry," said Christopher
Taylor, an analyst with Strategy Analytics. He predicts that the market for MMPAs
will reach more than $700 million in 2016. "The biggest opportunity for MMPAs is
mid- to high-end smartphones, which use the largest number of bands and modes to
ensure availability of voice and data services when roaming."

TriQuint's new second-generation TRIUMF(TM) MMPA TQM7M9053 is drop-in,
pin-compatible with the company's highly successful TQM7M9023 MMPA, which is
found in some of the world's most sought after smartphones and included on a
leading chipset supplier's reference design. TriQuint's new TQM7M9053 offers
higher efficiency at a lower cost, which already has resulted in several
smartphone design wins.

The versatile 5 x 7.5mm TQM7M9053 is a fully matched MMPA that offers quad-band
GSM/EDGE and WCDMA/LTE bands 1, 2, 5 and 8 to support the 3G/4G market in North
America, Europe and Asia. The company's family of TRIUMF(TM) MMPAs combines with
TriQuint's SAW and BAW filters to deliver a complete RF front-end solution for
smartphones and other mobile devices.

The TQM7M9053 TRIUMF(TM) MMPA is shipping now. For more information, contact
TriQuint's distributors, resellers or local and field sales representatives, or
visit triquint.com.

FORWARD-LOOKING STATEMENTS

This TriQuint Semiconductor, Inc. (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 'best-in-class',
'less', 'more' 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,
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 (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.com.

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

Photos/Multimedia Gallery Available:
businesswire.com

SOURCE: TriQuint Semiconductor, Inc.

TriQuint Semiconductor, Inc.
Brandi Frye, +1-503-615-9488
Director, Marketing Comms
brandi.frye@tqs.com

[Savant] TriQuint Announces Second Quarter 2012 Results HILLSBORO, Ore., Jul 25, 2012 (...

Savant — 7/26/2012 9:56:27 AM

TriQuint Announces Second Quarter 2012 Results

HILLSBORO, Ore., Jul 25, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, announces its
financial results for the quarter ended June 30, 2012, including the following
highlights:

-- Revenue for the quarter was $178.0 million

-- GAAP net loss for the quarter was $16.5 million, or $(0.10) per share

-- Non-GAAP net loss for the quarter was $15.0 million, or $(0.09) per share

-- Booked $13 million in orders for F-35 Lightning II Joint Strike Fighter and
TPQ-53 Army radar

-- Announced $12.3 million GaN DARPA contract to develop Ultra-Fast Power Switch
technology

-- Shipping MMPA & BAW content on new Galaxy* phone for Verizon

-- Introduced industry's first 802.11ac Wi-Fi RF module for next-generation
smartphones and tablets

-- Closed major design wins in Fiber-to-the-Home and optical networks

Commenting on the results for the quarter ended June 30, 2012, Ralph Quinsey,
President and Chief Executive Officer, stated, "TriQuint's second quarter
performance was in line with expectations. Mobile devices demand was soft in the
second quarter as the smartphone industry prepares for a seasonally strong second
half, and our Defense and Networks revenue was slightly up year-to-date with a
healthy outlook for the remainder of the year. We believe TriQuint is well
positioned for revenue growth and improved financial performance in the second
half of 2012."

Summary Financial Results for the Three and Six Months Ended June 30, 2012:

Revenues for the second quarter of 2012 were $178.0 million, down 22% from the
second quarter of 2011 and down 18% sequentially. Mobile Devices market revenue
declined 24%, Networks declined 5% and Defense was consistent sequentially.
Revenue for the six months ended June 30, 2012 was $394.7 million, down 13% from
the six months ended July 2, 2011.

GAAP

Gross margin for the second quarter of 2012 was 25.2%, down sequentially from
28.9%. Gross margin for the six months ended June 30, 2012 was 27.2%, down from
39.6% for the same period in 2011 due to low factory utilization.

Operating expenses for the second quarter of 2012 were $69.4 million, or 39% of
revenue, up from $66.2 million in the previous quarter due primarily to higher
medical and engineering expenses. Operating expenses for the six months ended
June 30, 2012 were $135.5 million compared to $138.0 million for the same period
in 2011.

Net loss for the second quarter of 2012 was $16.5 million or $(0.10) per share,
down from net income of $1.9 million, or $0.01 per diluted share, in the previous
quarter. Net loss for the six months ended June 30, 2012 was $14.6 million or
$(0.09) per share compared to a net income of $29.0 million or $0.17 per share
for the six months ended July 2, 2011.

Cash and investments decreased by $32.5 million to $162.4 million in the quarter
due primarily to the stock repurchase of nearly 4.9 million shares for
approximately $25 million.

Non-GAAP

Gross margin for the second quarter was 27.9%, down sequentially from 30.4%.
Gross margin for the six months ended June 30, 2012 was 29.2% down from 40.7% for
the same period in 2011.

Operating expenses for the quarter were $64.3 million, or 36% of revenue, up from
$61.4 million in the prior quarter. Operating expenses for the six months ended
June 30, 2012 was $125.7 million or 32% of revenue.

Net loss for the second quarter of 2012 was $15.0 million, or $(0.09) per share,
down sequentially from net income of $4.1 million or $0.02 per diluted share. Net
loss for the six months ended June 30, 2012 was $10.9 million or $(0.07) per
share compared to a net income of $55.0 million or $0.32 per diluted share for
the six months ended July 2, 2011.

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 third quarter 2012 revenues will be between $195 million and
$205 million and non-GAAP gross margin is expected to be between 30% and 32%.
Third quarter non-GAAP net income per share is expected to be about breakeven.
The Company is 90% booked to the midpoint of revenue guidance.

Additional Information Regarding June 30, 2012 Results:

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
financial statement portion of this press release.

GAAP RESULTS
--------------------------------------------------------------------------------------------------------------------------
Three Months EndedSix Months Ended
------------------------------------------------------------------------
Q2 2012Q1 2012ChangeQ2 2011ChangeQ2 2012Q2 2011Change
vs.vs. Q2vs.
Q12011Q2
20122011
------------------------------------------------------------------------
Revenue$ 178.0$ 216.7(18)%$ 228.8(22)%$ 394.7$ 453.1(13)%
-- ------- ------------------ ------------------ ------- ----------------
Gross Profit$44.9$62.6(28)%$92.1(51)%$ 107.5$ 179.5(40)%
-- ------- ------------------ ------------------ ------- ----------------
Gross Margin %25.2 %28.9 %(3.7)%40.3 %(15.1)%27.2 %39.6 %(12.4)%
----------------------------------------------------------------------------------------
Op (Loss) Income$ (24.4)$(3.6)578 %$21.3(215)%$ (28.0)$41.6(167)%
-- ----- ---- ----- --------------- ------------------ ----- ---- ----------------
Net (Loss) Income$ (16.5)$1.9(968)%$16.6(199)%$ (14.6)$29.0(150)%
-- ----- ---- ------------------ ------------------ ----- ---- ----------------
Diluted per share$ (0.10)$0.01$ (0.11)$0.10$ (0.20)$ (0.09)$0.17$ (0.26)
-- ----- ---- ------- ----- ---- ------- ----- ---- ----- ---- ------- ----- --
NON-GAAP RESULTS A
--------------------------------------------------------------------------------------------------------------------------
Three Months EndedSix Months Ended
------------------------------------------------------------------------
Q2 2012Q1 2012ChangeQ2 2011ChangeQ2 2012Q2 2011Change
vs.vs. Q2vs.
Q12011Q2
20122011
------------------------------------------------------------------------
Revenue$ 178.0$ 216.7(18)%$ 228.8(22)%$ 394.7$ 453.1(13)%
-- ------- ------------------ ------------------ ------- ----------------
Gross Profit$49.7$65.8(24)%$94.8(48)%$ 115.4$ 184.5(37)%
-- ------- ------------------ ------------------ ------- ----------------
Gross Margin %27.9 %30.4 %(2.5)%41.4 %(13.5)%29.2 %40.7 %(11.5)%
----------------------------------------------------------------------------------------
Op (Loss) Income$ (14.7)$4.4(434)%$29.2(150)%$ (10.3)$55.7(118)%
-- ----- ---- ------------------ ------------------ ----- ---- ----------------
Net (Loss) Income$ (15.0)$4.1(466)%$28.9(152)%$ (10.9)$55.0(120)%
-- ----- ---- ------------------ ------------------ ----- ---- ----------------
Diluted per share$ (0.09)$0.02$ (0.11)$0.17$ (0.26)$ (0.07)$0.32$ (0.39)
-- ----- ---- ------- ----- ---- ------- ----- ---- ----- ---- ------- ----- --
AExcludes stock based compensation charges, non-cash tax expense,
certain entries associated with acquisitions, restructuring and
other specifically identified non-routine transactions.

Conference Call:

TriQuint will host a conference call this afternoon at 2:00 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 91818717. 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 1, 2012.

Non-GAAP Financial Measures:

This press release provides financial measures for non-GAAP net income (loss),
diluted earnings (loss) per share, gross profit, gross margin, operating expenses
and operating income (loss) that exclude equity compensation expense, non-cash
tax expense, certain entries associated with acquisitions, restructuring charges
and other specifically identified non-routine items, and are therefore not
calculated in accordance with accounting principles generally accepted in the
United States ("GAAP"). The charges associated with acquisitions reflect the
amortization of intangible and tangible assets recorded in connection with
acquisition accounting and charged to the income statement. The non-cash tax
expense excludes certain deferred tax charges and benefits that do not result in
a tax payment or tax refund. Management believes that these non-GAAP financial
measures provide meaningful supplemental information that enhances management's
and investors' ability to evaluate TriQuint's operating results.

These non-GAAP financial measures are not intended to be used in isolation and
should not be considered a substitute for any other performance measure
determined in accordance with GAAP. Investors and potential investors are
cautioned that there are material limitations associated with the use of non-GAAP
financial measures as an analytical tool, including that other companies may
calculate similar non-GAAP financial measures differently than we do, limiting
their usefulness as a comparative tool. The company compensates for these
limitations by providing specific information regarding the GAAP amount excluded
from the non-GAAP financial measures. The company further compensates for the
limitations of our use of non-GAAP financial measures by presenting comparable
GAAP measures more prominently. Investors and potential investors are encouraged
to review the reconciliation of non-GAAP financial measures contained within this
press release with our GAAP net income and net income per share.

Forward-Looking Statements:

This press release contains forward-looking statements made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements regarding TriQuint's anticipated
third quarter revenues, non-GAAP gross margin, net income and our bookings to
revenue; expected seasonality in the smartphone market; and revenue growth and
improved financial performance. These forward-looking statements are statements
of management's opinion and are subject to various assumptions, risks,
uncertainties and changes in circumstances. Actual results may vary materially
from those expressed or implied in the statements herein or from historical
results, due to changes in economic, business, competitive, technological and/or
regulatory factors. More detailed information about risk factors that may affect
actual results are set forth in TriQuint's reports on Form 10-K and 10-Q and
other filings with the Securities and Exchange Commission. These reports can be
accessed at the SEC web site, sec.gov. Except as required by law,
TriQuint undertakes no obligation to revise or publicly release the results of
any revision to these forward-looking statements.

A reader of this release should understand that it is not possible to predict or
identify all risk factors and should not consider the risk factors described in
TriQuint's filings with the Securities and Exchange Commission to be a complete
statement of all potential risks and uncertainties.

Facts About TriQuint

Founded in 1985, TriQuint Semiconductor (TQNT) is a leading RF solutions supplier
and technology innovator 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.com.

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

*Other names and brands may be claimed as the property of others

TQNT - F

TriQuint Semiconductor, Inc.
CONDENSED CONSOLIDATED
BALANCE SHEETS
(Unaudited)
(In thousands)
June 30, 2012December 31,
2011
-----------------------------
Assets
Current assets:
Cash and cash equivalents$127,296$116,305
Investments in marketable securities35,10246,006
Accounts receivable, net98,367129,103
Inventories154,760151,577
Prepaid expenses9,5997,051
Deferred tax assets, net11,52611,857
Other current assets47,52735,756
---------------------------------
Total current assets484,177497,655
Property, plant and equipment, net456,303469,943
Goodwill3,3763,376
Intangible assets, net19,57622,732
Deferred tax assets - noncurrent, net58,45148,957
Other noncurrent assets, net32,26412,605
---------------------------------
Total assets$ 1,054,147$ 1,055,268
==== ================ =========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$62,537$67,812
Accrued payroll31,25528,519
Other accrued liabilities11,6209,901
---------------------------------
Total current liabilities105,412106,232
Long-term liabilities:
Long-term income tax liability2,619735
Cross-licensing liability13,316--
Other long-term liabilities10,97611,013
---------------------------------
Total liabilities132,323117,980
Stockholders' equity:
Common stock164166
Additional paid-in capital677,584678,412
Accumulated other comprehensive income138140
Retained earnings243,938258,570
---------------------------------
Total stockholders' equity921,824937,288
---------------------------------
Total liabilities and stockholders' equity$ 1,054,147$ 1,055,268
==== ================ =========

TriQuint Semiconductor, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands,
except per share amounts)
Three Months EndedSix Months Ended
------------------------------------------------ -------------------------------
June 30,March 31,July 2,June 30,July 2,
20122012201120122011
-------------------------------------------------------------
Revenues$ 178,002$ 216,730$ 228,785$ 394,732$ 453,108
Cost of goods sold133,064154,141136,643287,205273,572
------------------------------------------------------------
Gross profit44,93862,58992,142107,527179,536
Operating expenses:
Research, development and engineering38,08437,07437,95575,15874,431
Selling, general and administrative27,58825,22225,38652,81050,615
Litigation expense3,6823,8647,5127,54612,911
------------------------------------------------------------
Total operating expenses69,35466,16070,853135,514137,957
Operating (loss) income(24,416)(3,571)21,289(27,987)41,579
Other (expense) income:
Interest income8949106138210
Interest expense(313)(350)(354)(663)(741)
Foreign currency (loss) gain(154)3687(118)31
Gain/recovery of investment46,9533566,957507
Other, net189747126394
------------------------------------------------------------
Other (expense) income, net(185)6,7622666,577101
(Loss) income before income tax(24,601)3,19121,555(21,410)41,680
Income tax (benefit) expense(8,086)1,3084,990(6,778)12,676
----------------------------------------------------------------
Net (loss) income$ (16,515)$1,883$16,565$ (14,632)$29,004
=== ======= ===== ========== ========== ======= ===== =======
Per Share Data:
Basic per share net (loss) income$(0.10)$0.01$0.10$(0.09)$0.18
Diluted per share net (loss) income$(0.10)$0.01$0.10$(0.09)$0.17
Weighted-average shares outstanding:
Basic165,355166,237164,110165,796163,257
Diluted165,355170,566173,518165,796173,222

TriQuint Semiconductor, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(Unaudited)
(% of revenue)
Three Months EndedSix Months Ended
---------------------------------- ----------------------
June 30,March 31,July 2,June 30,July 2,
20122012201120122011
-------------------------------------------
Revenues100.0 %100.0 %100.0 %100.0 %100.0 %
Cost of goods sold74.8 %71.1 %59.7 %72.8 %60.4 %
----- --------- --------- -------- --------- ---
25.2 %28.9 %40.3 %27.2 %39.6 %
Gross profit
Operating expenses:
Research, development and engineering21.4 %17.1 %16.6 %19.0 %16.4 %
Selling, general and administrative15.4 %11.6 %11.1 %13.4 %11.2 %
Litigation expense2.1 %1.7 %3.3 %1.9 %2.8 %
----- --------- --------- -------- --------- ---
Total operating expenses38.9 %30.4 %31.0 %34.3 %30.4 %
Operating (loss) income(13.7)%(1.5)%9.3 %(7.1)%9.2 %
Other (expense) income:
Interest income0.0 %0.0 %0.1 %0.0 %0.1 %
Interest expense(0.2)%(0.2)%(0.2)%(0.2)%(0.2)%
Foreign currency (loss) gain(0.1)%0.0 %0.0 %(0.0)%0.0 %
Gain/recovery of investment0.0 %3.2 %0.2 %1.8 %0.1 %
Other, net0.2 %0.0 %0.0 %0.1 %0.0 %
----- --------- --------- -------- --------- ---
Other (expense) income, net(0.1)%3.0 %0.1 %1.7 %0.0 %
(Loss) income before income tax(13.8)%1.5 %9.4 %(5.4)%9.2 %
Income tax (benefit) expense(4.5)%0.6 %2.2 %(1.7)%2.8 %
----- --------- --------- -------- --------- ---
Net (loss) income(9.3)%0.9 %7.2 %(3.7)%6.4 %
===== ========= ========= ======== ========= ===

TriQuint Semiconductor, Inc.
SUPPLEMENTAL RECONCILIATION
OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(Dollars in
thousands, except per share amounts)
Three Months EndedSix Months Ended
------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------
June 30, 2012March 31, 2012July 2, 2011June 30, 2012July 2, 2011
------------------------- -------------------------------------- -------------------------------------- ------------------------ --------------------------------------
(% of revenues)(% of revenues)(% of revenues)(% of revenues)(% of revenues)
GAAP GROSS PROFIT$44,93825.2 %$62,58928.9 %$92,14240.3 %$ 107,52727.2 %$ 179,53639.6 %
Adjustment for stock based compensation charges1,8231.0 %2,1061.0 %1,5850.7 %3,9291.0 %2,8040.6 %
Adjustment for restructuring charges1,7631.0 %---- %---- %1,7630.5 %---- %
Adjustment for charges associated with acquisitions1,1260.7 %1,0950.5 %1,0790.4 %2,2210.5 %2,1440.5 %
----------------- -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP GROSS PROFIT$49,65027.9 %$65,79030.4 %$94,80641.4 %115,44029.2 %184,48440.7 %
GAAP OPERATING EXPENSES$69,35438.9 %$66,16030.5 %$70,85331.0 %$ 135,51434.3 %$ 137,95730.4 %
Adjustment for stock based compensation charges(5,735)(3.2)%(4,591)(2.1)%(5,716)(2.5)%(10,326)(2.6)%(9,402)(2.1)%
Adjustment for charges associated with acquisitions7140.4 %(202)(0.1)%4730.2 %5120.1 %2570.2 %
----------------- ---------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP OPERATING EXPENSES$64,33336.1 %$61,36728.3 %$65,61028.7 %$ 125,70031.8 %$ 128,81228.4 %
GAAP OPERATING (LOSS) INCOME$ (24,416)(13.7)%$(3,571)(1.6)%$21,2899.3 %$ (27,987)(7.1)%$41,5799.2 %
Adjustment for stock based compensation charges7,5584.2 %6,6973.1 %7,3013.2 %14,2553.6 %12,2062.7 %
Adjustment for restructuring charges1,7631.0 %---- %---- %1,7630.5 %---- %
Adjustment for charges associated with acquisitions4120.3 %1,2970.6 %6060.3 %1,7090.4 %1,8870.4 %
----------------- -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP OPERATING (LOSS) INCOME$ (14,683)(8.2)%$4,4232.1 %$29,19612.8 %$ (10,260)(2.6)%$55,67212.3 %
GAAP NET (LOSS) INCOME$ (16,515)(9.3)%$1,8830.9 %$16,5657.2 %$ (14,632)(3.7)%$29,0046.4 %
Adjustment for stock based compensation charges7,5584.2 %6,6973.1 %7,3013.2 %14,2553.6 %12,2062.7 %
Adjustment for restructuring charges1,7631.0 %---- %---- %1,7630.5 %---- %
Adjustment for gain/recovery of investment(4)0.0 %(6,953)(3.2)%(356)(0.2)%(6,957)(1.8)%(507)(0.1)%
Adjustment for non-cash tax expense(8,238)(4.6)%1,1430.5 %4,7342.1 %(7,095)(1.9)%12,3382.7 %
Adjustment for charges associated with acquisitions4120.3 %1,3230.6 %6280.3 %1,7350.5 %1,9490.4 %
----------------- -------------------------------- -------------------------------- ------------------ -------------------------------- --
NON-GAAP NET (LOSS) INCOME$ (15,024)(8.4)%$4,0931.9 %$28,87212.6 %$ (10,931)(2.8)%$54,99012.1 %
GAAP DILUTED (LOSS) EARNINGS PER SHARE$(0.10)$0.01$0.10$(0.09)$0.17
Adjustment for stock based compensation charges0.050.040.040.090.07
Adjustment for restructuring charges0.010.000.000.010.00
Adjustment for gain/recovery of investment(0.00)(0.04)(0.00)(0.04)(0.00)
Adjustment for non-cash tax expense(0.05)0.000.03(0.05)0.07
Adjustment for charges associated with acquisitions0.000.010.000.010.01
------------------------------------------------------------------------
NON-GAAP DILUTED (LOSS) EARNINGS PER SHARE$(0.09)$0.02$0.17$(0.07)$0.32

Our earnings release contains forward looking estimates of non-GAAP gross margin
and earnings per share for the third quarter of 2012. We provide these non-GAAP
measures on a prospective basis for the same reasons that we provide them to
investors on a historical basis. The following table provides a reconciliation of
GAAP gross margin and loss per share to non-GAAP gross margin and earnings per
share for the third quarter of 2012 based on the mid-point of guidance.

Forward Looking GAAP Gross Margin29.5 %
Adjustment for stock based compensation charges1.0 %
Adjustment for charges associated with acquisitions0.5 %
------------------------
Forward Looking non-GAAP Gross Margin31.0 %
Forward Looking GAAP Loss per Share$(0.06)
Adjustment for stock based compensation charges0.05
Adjustment for non-cash tax expense--
Adjustment for charges associated with acquisitions0.01
-----------------------
Forward Looking non-GAAP Earnings per Share$ --

SOURCE: TriQuint Semiconductor, Inc.

TriQuint Semiconductor, Inc.
VP of Finance & Administration, CFO
Steve Buhaly, +1-503-615-9401
steve.buhaly@tqs.com
or
Media Contact:
Director, Marketing Comms
Brandi Frye, +1-503-615-9488
brandi.frye@tqs.com

[Savant] TriQuint Announces Second Quarter 2012 Results HILLSBORO, Ore., Jul 25, 2012 (...

Savant — 7/25/2012 5:01:53 PM

[Savant] TriQuint Announces Date for Second Quarter 2012 Earnings Release HILLSBORO, Or...

Savant — 7/11/2012 10:58:29 AM

TriQuint Announces Date for Second Quarter 2012 Earnings Release

HILLSBORO, Ore., Jul 11, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, will announce
its second quarter results on July 25, 2012 at 1:00 p.m. PDT and will host a
conference call with the investment community on the same day at 2:00 p.m. PDT.

Conference Call Information:
Date:Wednesday, July 25, 2012
Time:2:00 p.m. (PDT)
Dial-in:888-813-6582 or 706-643-7082
Conference Call ID #: 91818717

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 1, 2012. To access the replay, please dial
855-859-2056 and enter Conference ID # 91818717.

Facts About TriQuint

Founded in 1985, TriQuint Semiconductor (TQNT) is a leading RF solutions supplier
and technology innovator 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.com.

TQNT-F

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

[Savant] TriQuint Introduces First 802.11ac Wi-Fi RF Module for Next-Generation Smartpho...

Savant — 6/14/2012 11:20:06 AM

TriQuint Introduces First 802.11ac Wi-Fi RF Module for Next-Generation
Smartphones and Tablets

Enables Greater Range and Performance for Video Streaming and Other Demanding
Multimedia Applications

HILLSBORO, Ore., Jun 14, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, has introduced
the industry's first 802.11ac Wi-Fi RF module for next-generation mobile devices.
In addition to supporting faster download speeds, TriQuint's TriConnect(TM)
TQP6M9017 high-performance WLAN module improves the wireless experience by
enabling connectivity from greater distances; it allows nearly 60% further range
than its award-winning predecessor, thanks to advances in output power
technology.

As demand for Wi-Fi proliferates worldwide, consumers have developed an
ever-growing appetite for faster mobile data rates to support video streaming and
other multimedia applications. With data rates up to 1.3 gigabits per second, the
new IEEE 802.11ac standard will deliver transfer rates three to four times faster
than current-generation 802.11n Wi-Fi. In-Stat predicts one billion devices with
802.11ac technology will ship by 2015.

"TriQuint is at the forefront of technology with the first 802.11ac-ready module
for mobile devices. A major manufacturer has selected our new high-performance
TriConnect(TM) component for its next-generation smartphone, and it's also
included on a reference design by a leading chipset supplier," said Shane Smith,
Vice President of Global Marketing for Mobile Devices at TriQuint. "Our 802.11ac
technology expertise also expands our future market opportunity for infotainment
applications such as in-home video distribution."

TriQuint's TriConnect TQP6M9017 is a highly integrated, dual-band WLAN module
that provides a complete solution for 802.11 a/b/g/n/ac Wi-Fi and Bluetooth
applications, thus simplifying RF design for device manufacturers. It integrates
two power amplifiers for the 2.4 and 5 GHz frequency bands with a switch,
filtering, baluns and other components -- all in an ultra small 4x4mm package.

Benefits of TriQuint's TriConnect(TM) 802.11ac Mobile Solution

TriQuint's integrated WLAN solutions take up less PCB space for mobile device
manufacturers, while providing several performance advantages over competitive
technologies:

-- Increased Operating Range -- Better amplification of weak signals extends
wireless connectivity over greater distances; offers as much as 2dB higher power
output than the previous generation

-- Better Efficiency -- Extended battery life means more hours of untethered
Wi-Fi connectivity for today's multi-tasking, on-the-go lifestyles

-- Faster Connectivity -- Rapid data transfers enable faster downloads, providing
a more enjoyable consumer experience for video streaming and other data-intensive
applications

The new TriConnect TQP6M9017 leverages the integration expertise and superior
performance that has fueled TriQuint's success in mobile devices. The company's
award-winning WLAN modules are found in smartphones and tablets from many of the
world's leading manufacturers. TriQuint has shipped nearly 300 million Wi-Fi
modules since 2009, and nearly doubled its WLAN revenues from 2010 to 2011.
TriQuint's TQP6M9002 dual-band Wi-Fi power amplifier -- the predecessor to the
TQP6M9017 -- was named the 2011 Best Product in the networks and
telecommunications category by Application of Electronic Techniques (AET) in
China.

The TriConnect TQP6M9017 utilizes TriQuint's E/D pHEMT and HBT technologies to
integrate active and passive components into a compact, high-performance module.
Volume production of the dual-band component is planned next month. Visit
TriQuint in Booth 1815 at the 2012 IMS MTT-S Symposium in Montreal on June 17-22
for more information about the company's connectivity products. To locate one of
TriQuint's distributors, resellers or local and field sales representatives,
please visit triquint.com.

FORWARD LOOKING STATEMENTS

This TriQuint Semiconductor, Inc. (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 'first,' 'greater,'
'further,' 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,
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, Inc. (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.com.

[Savant] Avago Technologies Limited and TriQuint Semiconductor, Inc. Agree to Confidentia...

Savant — 5/16/2012 11:28:37 AM

Avago Technologies Limited and TriQuint Semiconductor, Inc. Agree to Confidential
Settlement of All Outstanding Claims

SAN JOSE, Calif. & SINGAPORE & HILLSBORO, Ore., May 15, 2012 (BUSINESS WIRE) --
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.com.

TQNT-F

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
E-mail: investor.relations@avagotech.com
or
TriQuint Semiconductor, Inc.
Steve Buhaly, VP of Finance & Administration, CFO, +1-503-615-9401
E-mail: steve.buhaly@tqs.com
or
Roger Rowe, Director, Investor Relations, +1-503-615-9189
E-mail: roger.rowe@tqs.com
or
Media Contact:
Brandi Frye, Director, Marketing Communications, +1-503-615-9488
E-mail: brandi.frye@tqs.com

[Savant] TriQuint Announces $50 Million Stock Repurchase Program HILLSBORO, Ore., May 0...

Savant — 5/4/2012 11:47:00 AM

TriQuint Announces $50 Million Stock Repurchase Program

HILLSBORO, Ore., May 03, 2012 (BUSINESS WIRE) -- TriQuint Semiconductor, Inc.
(TQNT), a leading RF solutions supplier and technology innovator, today announced
a program authorizing the repurchase of up to $50 million of the Company's common
stock through May 2, 2013.

Under this program, stock repurchases may be made from time to time in the open
market at prevailing market prices or through privately negotiated transactions
at the discretion of Company management. The timing of open market and privately
negotiated purchases will be dependent on market conditions and other corporate
considerations, including price, corporate and regulatory requirements and
alternative investment opportunities. The program is expected to be funded from
existing cash balances and cash generated from operations. The Company is not
obligated to repurchase any particular amount of common stock during any period
and may choose to suspend or discontinue the repurchase program at any time.

Shares of common stock repurchased by the Company through the repurchase program
will become authorized but unissued shares. As of May 3, 2012, the Company has
approximately 168.2 million shares of common stock outstanding.

[Savant] TriQuint Wins New $12.3M GaN DARPA Contract to Develop Ultra-Fast Power Switch ...

Savant — 5/1/2012 11:25:07 AM

TriQuint Wins New $12.3M GaN DARPA Contract to Develop Ultra-Fast Power Switch
Technology

TriQuint's Leadership Developing Highly-Advanced, Mixed-Signal Digital / RF GaN
Circuits Led to New Opportunity in MPC Program

HILLSBORO, Ore. & RICHARDSON, Texas, May 01, 2012 (BUSINESS WIRE) -- TriQuint
Semiconductor, Inc. (TQNT), a leading RF solutions supplier and technology
innovator, today announced that it has been selected by the Defense Advanced
Research Projects Agency (DARPA) to lead a $12.3 million development program
focused on ultra-fast gallium nitride (GaN) switch technology for the Microscale
Power Conversion (MPC) program. TriQuint's revolutionary new GaN modulator has
the potential to enable highly-efficient RF transmitters substantially smaller
than current solutions.

TriQuint was selected by DARPA as the prime contractor for MPC Technical Area I,
which seeks to develop a high-speed, DC-to-DC switch (modulator) and related
process technology based on the company's innovative enhancement-mode GaN
transistors. TriQuint's technology aims to improve the integration of power
switches with advanced RF amplifiers to facilitate ultra-high efficiency,
reduced-size amplifiers for radar and communications applications.

TriQuint has been a pioneer in GaN development and research since 1999. TriQuint
currently leads multiple GaN process and manufacturing technology initiatives for
DARPA including the Nitride Electronic NeXt-Generation Technology (NEXT) program
as well as endeavors for the US Air Force, Army and Naval laboratories.

TriQuint is already exploring and bringing derivative devices to market made
possible by milestones achieved in its many GaN programs. "The break-through
performance demonstrated in 'NEXT' has helped us develop new devices, like our
GaN power switches, that will open up additional radar and communications
applications. We can substantially improve performance in these types of
systems," said TriQuint Vice President and General Manager for Defense Products
and Foundry Services, James L. Klein. "This work is also leading to lower voltage
GaN-based products. We see many exciting opportunities to develop more advanced
RF amplifiers with integrated power switches."

The enhancement mode power switching device for the MPC program will be designed
to have a blocking voltage of 200 volts, ultra-low dynamic on resistance of 1
ohm-mm and a slew rate of 500 volts per nanosecond. These capabilities will
provide state-of-the-art solid-state technology. RF amplifiers employing these
switches will target 75% system efficiency at X-band (8-12 GHz).

TriQuint is teamed with Rockwell Collins, the University of Colorado at Boulder
and Northrop Grumman--Technical Area II contractors--to create a new generation
of RF power amplifiers that use contour modulation for very high efficiency
performance that exceeds the capabilities of devices now available. Design
approaches focusing on miniature system-in-a-package or monolithic integration to
combine TriQuint's switch / modulator with the power amplifier micro-system will
be given preference.

TriQuint Gallium Nitride Product Innovation, Honors & Resources:
HeritageLeader in defense and commercial GaN research since 1999
----------------------------------------------------------------------------------------------------------
ResearchLeader in performance
and reliability GaN development
----------------------------------------------------------------------------------------------------------
University PartnersMassachusetts
Institute of Technology, University
of Notre Dame and
University
of Colorado at Boulder
----------------------------------------------------------------------------------------------------------
The Global GaN ImpactStrategy Analytics recognizes TriQuint's GaN
R&D / GaN Product Innovation
----------------------------------------------------------------------------------------------------------
Active R&D programsDARPA
NEXT program for highly complex, high frequency GaN MMICs
----------------------------------------------------------------------------------------------------------
Defense Production Act (DPA) Title
III program for GaN on SiC; Radar and
EW MMICs: Air Force and Navy sponsors
-------------------------------------------------------------------------------------
DARPA Microscale
Power Conversion program to develop ultra-fast GaN power
switch technology that is integrated into next-generation
amplifiers
-------------------------------------------------------------------------------------
DARPA Near Junction Thermal Transport (NJTT) GaN program to
increase
circuit power handling capabilities through enhanced thermal
management
-------------------------------------------------------------------------------------
Army
Research Laboratory (ARL) Cooperative Research and Development
Agreement (CRADA) to jointly develop advanced GaN circuits
-------------------------------------------------------------------------------------
Recent Honors2011 'Compound Semiconductor' CS
Industry Award for DARPA NEXT;
2012 CS
Industry Award for DARPA MPC program
----------------------------------------------------------------------------------------------------------
GaN ProductsWide
selection of innovative GaN amplifiers, transistors and
switches
----------------------------------------------------------------------------------------------------------
GaN Foundry0.25-micron
GaN on SiC; 100mm wafers; DC-18 GHz applications
----------------------------------------------------------------------------------------------------------

For more information about TriQuint defense / aerospace products and foundry
services, including GaN-based amplifiers, transistors, high-power switches and
integrated assembly capabilities, visit us at triquint.com, or
register to receive product updates and TriQuint's newsletter.

FORWARD LOOKING STATEMENTS

Silicon Investor - Triquint Semiconductor (TQNT)

[Sr K] name changed to QRVO after merger

[goldworldnet] Fundamentals of RF and Microwave Transistor Amplifiers books.google.com * * *

[The Ox] RFMD is trading at 14. A 1-4 reverse split is 52 per share. My brain wasn't wor...

[Savant] TQNT $80? post rev. splt.? .... it might..however, based upon P/E, Growth, PEG, ...

[The Ox] Based on the current stock prices, where do you think the new stock will start t...

[robert b furman] Yup, I'm afraid its called pink slips. Not in the brain power buy accounting,p...

[Savant] The old adage about rev splits is.....run, run, run...however...if the fundies a...

[robert b furman] HI Savant, Let's hope this merger of equals starts a semi sector lift off,much...

[Savant] GREENSBORO, N.C. and HILLSBORO, Ore., Nov. 24, 2014 /PRNewswire/ -- RF Mi...

[Savant] riQuint Announces Third Quarter 2014 Results HILLSBORO, Ore.--(BUSINESS ...

[Savant] TriQuint's Award-Winning TQP9059 MMPA Secures 2014 China ACE AwardGl...

[Savant] TriQuint Shareholders Approve Merger-of-Equals with RF Micro Devices HIL...

[Savant] TriQuint Becomes First Manufacturer to Achieve MRL 9 for GaNReaches ...

[Savant] TriQuint Announces Second Quarter 2014 Results HILLSBORO, Ore.--(BUSINES...

[Savant] TriQuint Achieves GaN Defense Production Milestones as Part of the D...

[Savant] TriQuint Announces Date for Second Quarter 2014 Earnings Release HILLSBO...

[Savant] TriQuint Wins Chipset Reference Design to Deliver Gigabit Wi-Fi for ...

[Savant] TriQuint Announces Date for First Quarter 2014 Earnings ReleaseHILLS...

[robert b furman] Hi Elroy, Be careful what you ask for. I think that in tqnt's case the activis...

[Elroy] Still waiting for someboody to buy SIMO.....

[robert b furman] Another merger/acuisition of equals. Congrats to the owners of TQNT up nicely ...

[Savant] TriQuint, RF Micro Agree to Merge -- UpdateBy Tess Stynes TriQuint ...

[Savant] TriQuint Drives LTE Advances with a Growing Line of Unique, High-Per...

[Savant] TriQuint Semi beats by $0.03, reports revs in-line; guides Q1 EPS be...

[Savant] *correction...I just noticed...I meant Dec 20*13* $7 puts...(OA is getting me).....

[Savant] TriQuint Acknowledges Receipt of Starboard Value LetterHILLSBORO, ...

[Savant] Starboard Asks TriQuint to Make Changes to Mobile Power Amplifier Un...

[Savant] Starboard Delivers Letter to TriQuint CEO and Board of DirectorsOutl...

[Savant] TriQuint Announces Details of Investor and Analyst DayHILLSBORO, ...

[robert b furman] I sold 50 2015 5's for 45 cents. I always give up some premium just so I buy a...

[Savant] The Dec 2014 $7 puts, at 55c bid look mighty tempting, for a sell. fwiw

[robert b furman] Triquint down 16% to 6.97. What a reward for turning a profit eh? Bob Edit ...

[Savant] TriQuint Announces Third Quarter 2013 Results HILLSBORO, Ore...

[Savant] TriQuint Expands Industry's Largest SMT Optical Modulator Driver Por...

[Savant] TriQuint Introduces Industry's Most Integrated Small Cell Power Ampl...

[Savant] TriQuint Innovation Powers Broadcom 5G Wi-Fi Reference Designs Broadcom's 5G Wi-...

[Savant] TriQuint Announces Date for Second Quarter 2013 Earnings Release HILLSBORO, Ore....

[Savant] TriQuint Announces $75 Million Stock Repurchase Program HILLSBORO, Ore.--(BUSIN...

[Savant] TriQuint Achieves Breakthrough GaN-on-Diamond Results Enables high performan...

[Savant] TriQuint Announces First Quarter 2013 Results HILLSBORO, Ore.--(BUSINESS WIRE)-...

[Savant] TriQuint Announces Fourth Quarter and Full Year 2012 Results HILLSBORO, Ore., ...

[Savant] TriQuint's High-Performance Filters Capture 4G Smartphone Design Wins in Fast-G...

[Savant] TriQuint Introduces Integrated Multi-band, Multi-mode Power Amplifier for Next-...

[Savant] TriQuint Announces Second Quarter 2012 Results HILLSBORO, Ore., Jul 25, 2012 (...

[Savant] TriQuint Announces Second Quarter 2012 Results HILLSBORO, Ore., Jul 25, 2012 (...

[Savant] TriQuint Announces Date for Second Quarter 2012 Earnings Release HILLSBORO, Or...

[Savant] TriQuint Introduces First 802.11ac Wi-Fi RF Module for Next-Generation Smartpho...

[Savant] Avago Technologies Limited and TriQuint Semiconductor, Inc. Agree to Confidentia...

[Savant] TriQuint Announces $50 Million Stock Repurchase Program HILLSBORO, Ore., May 0...

[Savant] TriQuint Wins New $12.3M GaN DARPA Contract to Develop Ultra-Fast Power Switch ...

[Savant] correction...I just noticed...I meant Dec 2013* $7 puts...(OA is getting me).....