TriQuint Repositions its Business Strategy

TriQuint Semiconductor, Inc. (www.triquint.com) announced the repositioning of its' optoelectronics business strategy to become a leading supplier of components and chips for optical networking applications.

This restructuring is expected to result in the elimination of approximately $18 million of annual costs associated with this business beginning in 2005. Upon completion, in mid-2005, the business is projected to be at or near cash breakeven. 

These actions ensure the optoelectronics business is on a solid and sustainable foundation for 2005. TriQuint will continue to actively market and support products currently in volume production for all of its' existing customers worldwide.

These actions will result in TriQuint Semiconductor being a premier supplier of optical components, indium phosphide (InP) laser and detector chips, optical sub-assemblies and technology to the optical networking market.

TriQuint President and CEO, Ralph Quinsey, stated, "We have completed a thorough analysis of our core competencies and believe these actions support a sustainable long-term business supplying components, chips and technology to the optical networking market.

TriQuint is projecting that the remaining product lines, along with the existing GaAs based optical products, will have revenues of approximately $7 million to $9 million per quarter and that it will substantially reduce its' operating losses in this market beginning in the first quarter of 2005.

The company enjoys diversity in its' markets, applications, products, technology and customer base. Markets include wireless phones, base stations, optical networks, broadband and microwave, and aerospace and defense.