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TriQuint modifies optoelectronics business strategy

Posted: 02 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:triquint semiconductor? optoelectronics? networking?

TriQuint Semiconductor Inc. has disclosed the repositioning of its optoelectronics business strategy to become a supplier of components and chips for optical networking applications.

The restructuring will include: repositioning optoelectronics business strategy to focus on InP components, chips, sub-assemblies and technology; discontinuing further investment in pluggable optical modules; eliminating about $18 million of annual costs including reduction in force of about 110 employees in Pennsylvania and about 90 employees in Mexico; and continued active support of products currently in volume production for existing customers.

TriQuint president, CEO, Ralph Quinsey, stated, "We have completed a thorough analysis of our core competencies and believe these actions support a sustainable long-term business supplying components, chips and technology to the optical networking market. TriQuint Optoelectronics is considered by many to have the best fabrication process technologies for this market. We are recognized as a dependable supplier of high performance, high yield and high reliability products. While we have discontinued our direct investment into pluggable module development we will make our technology available to interested module developers. This action is not anticipated to impact our current production customers and positions us as an optoelectronics supplier on a solid foundation for 2005."

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