TriQuint profits from strong end markets
On the back of a strong cell phone market, TriQuint Semiconductor, the RF and optical chip manufacturer based in Hillsboro, OR, saw its revenue rise to $92.6 million in the quarter ended June 30.
The revenue figure represents a 27% year-on-year increase and is up 3% on the company s strong previous quarter.
TriQuint made a small net profit of $0.3 million in the June quarter, compared with a loss of almost $60 million this time last year.
The positive results were primarily driven by the buoyant cell phone market, which has also produced good results for TriQuint rivals RF Micro Devices and Skyworks this week (see related stories).
TriQuint saw revenue from GSM handset products rocket 67% on the prior quarter, thanks to increased sales of power amplifier modules (PAMs) and the company s new GSM quad-band filter module.
Revenue from PAMs in particular more than doubled from the previous quarter, while a healthy wireless infrastructure market helped sales of base station equipment grow by 25% sequentially.
The only negative aspects of TriQuint s business appear to be in the defense and optoelectronics end markets. Revenue from these two segments dropped by 8% and 23% respectively compared with the prior quarter.
TriQuint CEO Ralph Quinsey said: "We believe that we are gaining share in the large GSM cellular handset market...challenges continue in some markets, particularly optical."
In its outlook, TriQuint said that it expected to record an operating profit in fiscal 2004, compared with the operating loss of almost $75 million in fiscal 2003.
