news digest ♦ Telecoms Smartphones Continue to Drive III-V Business
“Our III-V technology is helping to drive the rapid adoption of advanced 3G and 4G technologies across the major smartphone and tablet platforms,” Dr. Fan said. “These advanced new devices not only require more III-V transistors, but structures that are more technologically complex and challenging to produce. As these phones continue to become more complex, Kopin is benefitting with higher and higher dollar content per handset. Our ability to produce these advanced products in volume and at a competitive price is simply unmatched in the industry.”
Display Business Excels through System Expertise
“Just as with our III-V business, our display customers also require products that are technologically more complex to produce,” Dr. Fan said. “The trend today is toward full system solutions, including displays, backlights, optics, ASIC chips, hardware and software. Once again this trend plays to our strength, as we believe that our decades of technology expertise and display system manufacturing experience differentiate us in the market.”
Golden-i Program on Schedule “Together with our business partner Motorola Solutions, we continue to make excellent progress in bringing our Golden-i® hands-free mobile computing solution to market in 2012,” Dr. Fan said. “Initial response to field tests of Golden-i by select customers has been extremely positive. Golden-i was demonstrated this month at the Microsoft® -hosted Imagine Cup 2011 in New York and the World Future 2011 in Vancouver.”
Business Outlook
“With revenues for the first six months of 2011 at $66 million and the third and fourth quarters traditionally our strongest, we are on course to achieve our full-year revenue guidance of $130 million to $140 million,” Dr. Fan said. “Robust smartphone demand should continue to fuel our III-V business, just as the TWS-IIB and a number of military R&D programs are expected to generate momentum for our display unit.”
TriQuint revenue for Q2 up 10% from Q2`10
TriQuint Semiconductor, an RF solutions supplier and technology innovator, announces its financial results for the quarter ended July 2, 2011, including the following highlights:
▪ Revenue for the quarter was $228.8 million, up 10% from Q2’10
▪ Mobile Devices revenue for the first half of 2011 grew 29% over the first half of 2010 ▪ GAAP Net Income for the quarter was $16.6 million, or $0.10 per diluted share ▪ Non-GAAP Net Income for the quarter was $28.9 million, up more than 10% from Q1’11. Non-GAAP EPS was $0.17 per diluted share Named industry veteran James Klein as Vice President and General Manager of TriQuint’sDefense& Aerospace business Released a new base station amplifier family with innovative, patent-pending technology to protect systems from disruptive power, ESD & RF spikes Announced key GaN results: ‘Trusted Foundry’ accreditation, new standard products and University of Notre Dame’s report citing industry-leading performance
Commenting on the results for the quarter ended July 2, 2011, Ralph Quinsey, President and Chief Executive Officer, stated “Driven by strong demand in the Smartphone market, we experienced 10% revenue growth over Q2 2010. Despite short term headwinds, TriQuint’s long term growth story remains intact. During 2011, we have sharpened our focus and invested in innovation to ensure we support our customers for the long term growth opportunities ahead of us. Based on the current design wins and customer forecasts, I expect to return to strong revenue growth in Q4.”
Summary Financial Results for the Three and Six Months Ended July 2, 2011: Revenue for the second quarter of 2011 was $228.8 million, up 10% from the second quarter of 2010 and up 2% sequentially. Revenue for the six months ended July 2, 2011 was $453.1 million, up 17% from the six months ended July 3, 2010. Mobile Devices revenue grew 19% year over year for the second quarter and 29% on a year to date basis.
GAAP Gross margin for the second quarter of 2011 was 98
www.compoundsemiconductor.net August/September 2011
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