Hillsboro-based TriQuint Semiconductor reported slow growth for its second quarter.
Hillsboro-based TriQuint Semiconductor reported slow growth for its second quarter.
Revenue totaled $228.8 million, up 10% from last year but missing the $230 to $240 million target.
The Hillsboro company forecast a sales decline during the current quarter, then a “strong” rebound in the last three months of the year.
TriQuint, which makes wireless chips for Apple’s iPhone and other popular mobile devices, lacked the capacity to meet rising demand last year and turned away some business. When Apple issued the Verizon iPhone early this year, TriQuint’s chips were absent.
Today, chief executive Ralph Quinsey said the company is suffering a hangover from that tough call — especially in older, “2G” wireless devices.
Read more at OregonLive.com.
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