TriQuint Ties up with Huawei

TriQuint Semiconductor (TQNT - Analyst Report) announced that it has signed an agreement with Huawei to supply driver amplifiers and related products for new optical transport systems. TriQuint will also work closely with Huawei to develop higher speed and wider bandwidth network solutions with lower power consumption for operators worldwide. 

Based in Hillsborough, TriQuint is an original equipment manufacturer (OEM) of semiconductor communication integrated circuits (ICs) and specifically targets the wireless handset segment, infrastructure networks, and defense markets. Huawei is a leader in providing next-generation telecommunications network solutions for operators around the world. 

In addition, both Huawei and TriQuint have agreed to assist each other in enhancing the competitiveness of their products. Management stated that TriQuint is looking forward to support Huawei’s development and deployment of next-generation 40Gb/s optical networks as well as the evolution of ultra high-speed 100Gb/s networks. 

TriQuint Semiconductor recently announced the acquisition of TriAccess Technologies. TriAccess is a leading provider of Cable TV and Fiber-to-the-Premise (FTTP) integrated circuits for the amplification of high-quality multimedia content. 

The battle gets tougher for design wins as each player strives to win designs as the economy shows signs of recovery after a deep recession. Competitors for TQNT include stalwarts like Skyworks Solutions (SWKS - Analyst Report), RF Micro Devices (RFMD - Snapshot Report) and Texas Instrument (TXN - Analyst Report). 

Management had earlier provided a strong forecast for the second half of 2009 as it foresees a sustained demand for handset and defense products along with an eventual recovery in the networks market. Inventory correction in the handset segment is almost done. The company is all set to benefit from China’s investment in 3G infrastructure, which more than offsets reduced infrastructure spending in other regions. Management continues to see solid adoption of its 3G products within multi band Smart phones. We remain cautiously optimistic of the company’s projected path for growth.

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