Leading semiconductor manufacturer TriQuint Semiconductor, Inc. (TQNT) declared that its multi-mode, multi-band power amplifier (MMPA) module TQP9059 won an award in the Outstanding RF/Wireless/Microwave Products of the Year category at the 2014 China Annual Creativity in Electronics (ACE) Awards.
TriQuint’s products have been acknowledged as one of the best in the Chinese electronics industry for the second successive year. TriQuint produces a wide range of high-performance analog and mixed signal integrated circuits, with applications in a variety of communications products.
TriQuint’s operations are highly focused on the mobile industry. Its award-winning TQP9059 is among the first envelope tracking MMPAs to be mass-produced in support of a leading smartphone. The module simplifies complex RF (Radio Frequency) design for multi-band smartphones with a new mobile chip interface, in addition to extending battery life with new envelope tracking technology. The product is being integrated into next-generation smartphones from multiple OEMs (Original Equipment Manufacturers).
As global demand for mobile data expands, the wireless industry is rapidly evolving to meet the demand for the next generation mobile devices and network infrastructure. The transition to 4G LTE (Long Term Evolution) is driving demand across the board, from infrastructure to handsets. To capitalize on the huge prospects offered by the industry, TriQuint has been increasing its focus on LTE content expansion. The Chinese market represents one of the strongest growth opportunities for the company.
To enhance its market share, TriQuint’s announced a merger with rival RF Micro Devices Inc. (RFMD) this February. The consolidated company will bring all the critical RF components that are essential for fabricating mobile devices under a common platform, thereby creating an undisputed market leader with a diversified product portfolio. This would translate into better bargaining power and pricing strength for the combined entity.
TriQuint currently has a Zacks Rank #1 (Strong Buy). Other notable stocks in the semiconductor communications industry that are worth a look include Broadcom Corp. (BRCM) and Ikanos Communications, Inc. (IKAN), both carrying a Zacks Rank #2 (Buy).
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