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TRIQUINT SEMICONDUCTOR FILES INITIAL OFFERING OF 2 MILLION SHARES

 BEAVERTON, Ore., Oct. 20 /PRNewswire/ -- TriQuint Semiconductor, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 2,000,000 shares of its common stock at an estimated price of $10 to $12 per share. Of the 2,000,000 shares to be offered, 1,500,000 are being offered by TriQuint and 500,000 by a selling shareholder. Application has been made to list TriQuint's common stock for quotation on the NASDAQ National Market System under the symbol "TQNT." The offering is being made through an underwriting group managed by Montgomery Securities and Cowen & Company.
 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.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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 such state or jurisdiction.
 A prospectus relating to these securities may be obtained from Montgomery Securities at 600 Montgomery Street, San Francisco, CA 94111, (415) 627-2220 or Cowen & Company at 345 California Street, 26th Floor, San Francisco, CA 94104, (415) 434-7800.
 -0- 10/20/93
 /CONTACT: Joseph I. Martin, vice president-finance and administration, chief financial officer and secretary of TriQuint, 503-644-3535/
 (TQNT)


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

LG -- NY076 -- 4654 10/20/93 14:20 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:337
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