TriQuint reports massive loss

TriQuint reports massive loss

TriQuint Semiconductor reported a $28 million quarterly loss.

"Q1 results, while disappointing, should be our low quarter for 2013," said Ralph Quinsey, chief executive of the Hillsboro company, in a written statement. "We have healthy design win traction and I expect strong second half revenue will improve utilization and push us back into profitability for the full year. We are well positioned in each of our markets to regain growth and margin momentum."

TriQuint makes specialized communications chips for cell phones and other wireless networks. The company's biggest customer is Apple contractor Foxconn, which accounts for nearly a third of TriQuint's sales.