In a concerted effort to augment market presence,
TriQuint Semiconductor Inc.
) recently acquired CA-based CAP Wireless, Inc. and its patented
Spatium RF (radio frequency) power combining technology for an
undisclosed amount. The combined company would boast a wider
selection of high-power, high-frequency products by leveraging
TriQuint's leading position as a gallium nitride (GaN) pioneer
and CAP Wireless' expertise in high-power RF solid state
The Spatium technology of CAP Wireless improves RF power
efficiency, increases reliability, boosts power densities and
reduces weight compared with other available variants. This is
mostly achieved through the use of patented coaxial spatial
combining techniques in its products.
It is widely used in high-performance traveling wave tube
amplifiers (TWTAs) and amplifier-based subsystems like electronic
warfare, communications and radars, which are largely used by
leading defense and communications companies worldwide.
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TriQuint anticipates the market for TWTAs to exceed $600 million
by 2015. Consequently, the acquisition offers tremendous
revenue-generating potential for TriQuint. Post-acquisition,
TriQuint will continue operation of CAP Wireless product sales
and contracts, while developing new devices based on Spatium
technology using GaN and GaAs MMIC amplifiers.
Headquartered in Hillsboro, OR, TriQuint manufactures
semiconductors for the wireless handset segment, infrastructure
networks, and defense markets. TriQuint products reduce costs and
increase the performance of connected mobile devices and networks
that deliver critical voice, data and video communications.
TriQuint currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look include
Marvell Technology Group Ltd
Cypress Semiconductor Corp.
Advanced Micro Devices, Inc.
), each carrying Zacks Rank #2 (Buy).