HILLSBORO, Ore.--(BUSINESS WIRE)--TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, was named to Fortune Magazine’s* annual 100 Fastest-Growing Companies list, featuring innovators in all aspects of the global economy. TriQuint ranked 49th in profit growth based on several financial performance metrics over a three year period. TriQuint’s growth was due in part to significant design wins across several high-growth markets including smartphones, tablets, 3G/4G base stations, optical networks and cable systems.
“This recognition is confirmation that the passionate, devoted efforts of our employees and the products and solutions that we create have become a foundation for many of our customers,” said Ralph Quinsey, TriQuint President and CEO. “We will continue our focus on RF innovation and manufacturing technology to simplify our customers’ designs, and help them meet the demand for more connectivity now and in the future. This is an incredibly exciting time for TriQuint and our industry.”
To qualify for Fortune Magazine’s annual 100 Fastest-Growing Companies list, a company -- foreign or domestic -- must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC and have a minimum market capitalization of $250 million. The companies that meet these criteria are ranked by revenue growth rate, EPS growth rate and three-year annualized total return for the period ended June 30, 2011. The data was provided by Zacks Investment Research. The data process was aided by information provided by Compustat, Hoover’s, Thomson Reuters, and Morningstar Document Research.
* “FORTUNE is a registered trademark of Time Inc. and is used under license. From FORTUNE Magazine, September 26, 2011 ©2011 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Licensee.”
FORWARD-LOOKING STATEMENTS
This TriQuint Semiconductor, Inc. (NASDAQ: TQNT) press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that forward-looking statements involve risks and uncertainties. The cautionary statements made in this press release should be read as being applicable to all related statements wherever they appear. Statements containing such words as ‘deliver’, ‘high-growth markets’, ‘meet the demand’, or similar terms are considered to contain uncertainty and are forward-looking statements. A number of factors affect TriQuint’s operating results and could cause its actual future results to differ materially from any results indicated in this press release or in any other forward-looking statements made by, or on behalf of, TriQuint including, but not limited to: those associated with the unpredictability and volatility of customer acceptance of and demand for our products and technologies, the ability of our production facilities and those of our vendors to meet demand, the ability of our production facilities and those of our vendors to produce products with yields sufficient to maintain profitability, as well as the other “Risk Factors” set forth in TriQuint’s most recent 10-Q report filed with the Securities and Exchange Commission. This and other reports can be found on the SEC web site, www.sec.gov. A reader of this release should understand that these and other risks could cause actual results to differ materially from expectations expressed / implied in forward-looking statements.
FACTS ABOUT TRIQUINT
Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading global provider of innovative RF solutions and foundry services for the world’s top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry’s broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com.
TriQuint: Connecting the Digital World to the Global Network®
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