TriQuint Semiconductor Inc. (TQNT) recently expanded its product range with the launch of 12 products and also highlighted two complete Radio Frequency (RF) chipset families for wireless backhaul and other related applications.
TriQuint is one of the leading players in the semiconductor market and new applications are further creating a lucrative growth opportunity for it. The company introduced two complete RF chipset families for 15 and 23 GHz point-to-point (PtP) radios serving 3G/4G cellular backhaul. The new products introduced by the company include high-performance amplifiers, up-converters, down-converters and voltage controlled oscillators (VCOs).
PtP radio is a key element for continuous mobile network growth. As per Cisco Systems, Inc. (CSCO) Virtual Networking Index, mobile data traffic grew by over 70% globally in 2012 and is expected to grow at a rate of 66% annually through 2017. An increase in mobile data traffic also banks on the increasing usage of smartphones and tablets, which thereby is a catalyst for Triquint’s growth. Triquint’s RF chipsets find favor in these hand-held devices as it offers high-speed solutions and facilitates flawless connectivity.
Expansion in 3G content, healthy smartphone shipment growth and a rebounding infrastructure market have boosted the demand in the RF industry. RF content is also increasing with new standards that provide greater bandwidth, higher data rates and a better quality of service. Triquint’s new 15 and 23 GHz chipsets provide single source surface-mount RF solutions to the Original Equipment Manufacturer (OEMs).
Headquartered in Hillsboro, OR, TriQuint manufactures semiconductors for the wireless handset segment, infrastructure networks, and defense markets. TriQuint products reduce costs and increase the performance of connected mobile devices and networks that deliver critical voice, data and video communications.
Triquint currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look are Marvell Technology Group Ltd (MRVL) and Syntel, Inc. (SYNT) each carrying Zacks Rank #2 (Buy).
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