News Article

In Brief: TriQuint, Citizen, KLA-Tencor, Infinera

TriQuint Semiconductor is to open a new design and support center in North Carolina, Citizen Electronics reportedly plans an LED ramp, KLA-Tencor reveals stock option irregularities, and Infinera appoints a new financial chief as speculation mounts about an impending share offering.

TriQuint hits High Point

TriQuint Semiconductor has revealed plans to open a new design center in High Point, NC, where it will develop next-generation wireless components and modules.

Supported in part with a grant from the local city authorities, the center will be known as the North Carolina Design Center and will focus primarily on GaAs and surface acoustic wave technologies.

Oregon-based TriQuint, which owns III-V wafer fabs in Hillsboro, OR, and in Richardson, TX, recently opened a similar center in Chelmsford, MA.

Citizen tipped for LED ramp

Japanese LED manufacturer Citizen Electronics will begin volume manufacture of new, high-power, white LEDs in September, claims a Nihon Keizai Shimbun report.

According to the Japanese business newspaper, the new high-efficacy products will emit 245 lm while operating at 3.5 W. It adds that Citizen will produce the LEDs at a manufacturing facility close to its Fujiyoshida headquarters in Yamanashi Prefecture.

KLA-Tencor may restate accounts

Following an internal investigation into its award of stock option grants, equipment vendor KLA-Tencor has said that it may need to restate some of its financial statements.

The San Jose, CA, company's committee of investigators found that the recorded grant dates of certain awards of stock "likely differ" from the dates on which the financial effects of these grants were actually measured.

KLA-Tencor is yet to determine whether the apparent discrepancy has had any material effect on its accounts, but may need to restate financial statements if this turns out to be the case.

Disk drive counter joins Infinera

Integrated photonics manufacturer Infinera has switched CFOs as it looks to move into what it describes as its "next phase" of expansion.

The Sunnyvale, CA, company, which is the subject of much industry speculation about a possible initial public offering of shares currently, did not explain the departure of its previous CFO, who has been replaced by Duston Williams.

Williams joins the III-V component and telecom system developer from disk drive manufacturer Maxtor, which was recently acquired by electronics industry giant Seagate.

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