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TriQuint trims workforce in Oregon and Texas

Following consolidation of its Texas operations and a 6-inch upgrade in Oregon, TriQuint is to reduce its workforce.
TriQuint Semiconductor has announced a reduction of 7% of its worldwide workforce, which stands at around 1600 employees. The company expects to take a charge of approximately $0.01 per diluted share for severance-related benefits for these workers in the third quarter of 2002.

The changes have affected about 15% of the 465 employees in Hillsboro, Oregon, where the company recently upgraded its GaAs fab from 4-inch to 6-inch wafers. This also affected about 10% of the 425 employees in Richardson, Texas, where the company recently consolidated its Texas manufacturing facilities.

"This is a difficult but necessary action impacting a loyal and hard working team of employees," said TriQuint s Ralph Quinsey, President and CEO. "However, with the continued impact of slow telecommunications spending, we are adjusting our workforce at these locations to better match capacity with demand."

Quinsey added that TriQuint s SAW filter business at Sawtek, located in Orlando, Florida, and Costa Rica, continues at record production levels and that no reductions in force are planned for these locations.

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