TriQuint's Heritage

Company Milestones

1985 - A group of talented engineers found TriQuint as a spin off of Tektronix to research and develop the use of gallium arsenide (GaAs) for high performance wireless applications.

1991 - GaAs pioneers Gazelle Microcircuits, Gigabit Logic, and TriQuint merge under the TriQuint Semiconductor name. Steven J. Sharp named CEO.

1996 - Launch Continuous Process Improvement (CPI), a Quality initiative to improve technical, manufacturing and business processes in all areas of the company's operations, including integration of the SAP information management system.

1997 - Move all operations to a new 32-acre corporate campus in Hillsboro, Oregon. 160,000 square foot complex includes a 16,000 square foot wafer fabrication clean room capable of Class 10 operation.

1998 - Acquire Texas Instruments' GaAs MMIC business from Raytheon TI Systems. Offer support for both commercial and military applications. Establish R&D in GaAs, InP, GaN and other advanced semiconductor technologies and materials.

1998 - Establish 150mm commercial foundry in Hillsboro.

1999 - Hillsboro expansion adds 30% more clean room space and 50% more wafer capacity.

2000 - Acquire state-of-the-art manufacturing facility in Richardson, Texas and consolidate all Texas operations.

2001 - Merge with Sawtek, Inc. in Orlando, Florida adding SAW (surface acoustic wave) - based signal processing components to our technology portfolio.

2002 - Sign agreement with Philips Semiconductors guaranteeing controlled access to TriQuint's InGaP (Indium-Gallium-Phosphide) HBT (Heterojunction Bipolar Transistor) 150mm wafer processing facilities and providing joint development.

2002 - Acquire Infineon's GaAs business in Munich, open design center and enter partnership agreement to develop and produce highly integrated RF, components and modules for customized wireless system solutions.

2002 - Ralph Quinsey becomes President and Chief Executive Officer and a member of TriQuint's Board of Directors. Restructures company into four business units focused on high-volume handsets, high performance military, simplified connectivity networks and new technology development foundry.

2005 - Acquire TFR Technologies in Bend, Oregon adding bulk acoustic wave (BAW) expertise to the corporation's technology arsenal.

2007 - Acquire Peak Devices in Boulder, Colorado to expand Networks product line and add proprietary wideband RF power technology.

2008 - Acquire WJ Communications in Silicon Valley, California to strengthen Networks product line in base stations. WJ Communications was founded in 1957 as Watkins-Johnson.

Technology Milestones

1988 - First GaAs Integrated Circuit manufacturer to make the transition to 100 mm wafers.

1990 - First GaAs IC manufacturer to package in plastic.

1990 - Ship first space-qualified products for commercial communications satellite applications.

2001 - Reach cooperative agreement with Atmel to design, manufacture, and market CDMA handset components utilizing Atmel's SiGe (silicon-germanium) technology.

2004 - Introduce industry's first 7x7mm and 6x6mm PA modules.

2006 - Introduce industry's first 6x6mm Quad-band PA.

2007 - Ship more than 100 million transmit modules to handset manufacturers.

Financial Milestones

1993 - TriQuint IPO raises $17 million.

1995 - Follow-on stock offering raises $48 million, company listed on Nasdaq as TQNT.

1995 - Revenues grow by 50% to approximately $46 million.

1996 - Revenues increase to almost $60 million.

1997 - Revenues grow to over $71 million.

1998 - Revenues exceed $100 million.

1999 - Revenues reach $164 million.

2000 - Complete convertible debt offering raising $345 million for working capital.

2000 - Revenues reach $300.7 million.

2001 - Revenues reach $335 million.

2007 - Achieve record revenue of $477 million.

History of the TriQuint Name

In 1985 the founders of what we know today as TriQuint Semiconductor held a contest to come up with a name for the company. The winning entry, which won the submitter a $50 prize, pays homage to the semiconductor material on which the company was founded, Gallium Arsenide. Tri-, from the Greek for "a prefix meaning three, thrice, threefold" and Quint, from the Latin for "a set or sequence of five" - literally means 3-5. In chemistry circles, III - V refers to the location of the elements Gallium and Arsenic on the periodic table. The elements on the third and fifth columns of the periodic table, including the Nitrogen found in GaN, have special conductive properties that produce excellent compound semiconductors.