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News Article

TriQuint profits as 3G orders boom

The GaAs chip maker feels the benefit of the hot market for advanced cell phones as revenue rises for the sixth successive quarter.

Oregon-based GaAs chip manufacturer TriQuint Semiconductor posted sales of $103.3 million in its latest financial quarter, which ended on September 30.

The figure, which represents a 37 per cent increase on the same period in 2005, marks the sixth consecutive quarter of revenue growth for the company, and was accompanied by the best operating results that TriQuint has seen since early 2001.

TriQuint's improved fortunes are largely the result of the strengthening market for high-end mobile phones. Revenue from sales of products for mobile handsets rose 57 per cent compared with one year ago, with CDMA transmit modules now making a meaningful contribution.

CEO Ralph Quinsey said, "Orders for 3G products were up 168 per cent [on the prior quarter]."

As well as claiming 35 new design wins in handsets, mostly for power amplifier or transmit modules, TriQuint said that it is receiving stronger orders than previously expected for its military products.

The upturn is expected to continue, with a seventh-consecutive period of revenue growth set to deliver around $110 million in the forthcoming quarter.

• Fellow GaAs chip maker Anadigics has also recorded its sixth-consecutive quarter of sales growth. In its latest results, the Warren, NJ, firm recorded $44.8 million in revenue, up 11.5 per cent sequentially and an increase of more than 50 per cent compared with last year.

Anadigics also benefited from the strong market for 3G phones, and it posted a pro forma profit of $0.9 million.

However, when calculated using standard accounting procedures that include costs such as stock compensation expenses, Anadigics actually made a small net loss of $1.3 million.

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