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TRIQUINT SEMICONDUCTOR ANNOUNCES PUBLIC OFFERING OF 2 MILLION SHARES OF COMMON STOCK

 BEAVERTON, Ore., Dec. 14 /PRNewswire/ -- TriQuint Semiconductor, Inc. ("TriQuint") has announced that it has made a public offering of 2,000,000 shares of its common stock (NASDAQ National Market System: "TQNT") at a price of $11 per share. Of the 2,000,000 shares offered, 1,500,000 were sold by TriQuint and 500,000 were sold by a selling shareholder. TriQuint and the selling shareholder have also granted to the underwriters of the public offering an option to purchase up to an additional 300,000 shares to cover over-allotments, if any. TriQuint will have approximately 5,011,832 shares outstanding after the offering. The offering is being made through an underwriting group managed by Montgomery Securities and Cowen & Company.
 TriQuint plans to use the proceeds of the offering for repayment of bank indebtedness, capital expenditures, working capital and general corporate purposes.
 TriQuint designs, develops, manufactures and markets a broad range of high performance analog and mixed signal integrated circuits for the wireless communications, telecommunications and computing markets. TriQuint utilizes its proprietary gallium arsenide ("GaAs") technology to enable its products to overcome the performance barriers of silicon devices in a variety of applications.
 This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
 -0- 12/14/93
 /CONTACT: Joseph I. Martin, chief financial officer, 503-644-3535, or Heidi Flannery, investor relations, 503-221-2087, both of TriQuint Semiconductor, Inc./
 (TQNT)


CO: TriQuint Semiconductor, Inc. ST: Oregon IN: CPR SU: OFR

SH -- NY018 -- 3513 12/14/93 09:15 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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