TriQuint Semiconductor, Inc. recently announced that its TriConnect 5 GHz WLAN front-end modules and premium LTE / Wi-Fi coexistence filters are being used by Broadcom Corp. in the company’s 5G Wi-Fi reference designs.
Triquint aims to leverage the best technology portfolio to provide mobile device manufacturers with highly integrated TriConnectTM WLAN solutions that offer faster data exchange at high speed, extended battery life and provide longer range than other competitive technologies. Consumers increasingly demand mobiles comprising high speed data upload or download to support video streaming and other multimedia applications. Thus, demand for improved and faster Wi-Fi services is also moving north.
Broadcom’s 5G Wi-Fi reference designs include TriQuint’s high-efficiency WLAN modules and premium 4G / Wi-Fi coexistence filters that provide high speed, wider range and power savings for consumer devices.
TriQuint is one of the leading players in delivering 802.11ac based products. The 802.11ac technology expertise is likely to help Triquint expand its future market opportunity for consumer electronics applications like home video distribution. As per research firm ABI research, approximately 100 million 802.11ac-enabled devices are expected to be shipped by end of 2013.
Headquartered in Hillsboro, Ore., TriQuint manufactures semiconductors for the wireless handset segment, infrastructure networks and defense markets. TriQuint’s products reduce costs and increase the performance of connected mobile devices and networks that deliver critical voice, data and video communications. In the lastest reported quarter, Triquint reported revenues of $190.1 million, up 7% year over year driven by strong performance across all markets.
Triquint currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look in the industry include Nitto Denko Corporation (NDEKY - Snapshot Report) , carrying a Zacks Rank #1 (Strong Buy) and Cypress Semiconductor Corporation (CY - Analyst Report) carrying a Zacks Rank #2 (Buy)