According to a report from The Oregonian, power amplifier specialists TriQuint Semiconductor is facing a “challenging” quarter due to a temporary drop in revenues from its biggest customer, Apple. The report noted the company’s CEO Ralph Quinsey did not mention Apple by name, but that Foxconn was responsible for 35 percent of TriQuint’s revenue during 2011:
TriQuint said sales in the current quarter will fall at least 19 percent to the lowest point in at least two years… While Quinsey wasn’t specific about where the problem lies, Apple has incorporated TriQuint chips in the last several generations of the iPhone. Apple is approaching its annual iPhone upgrade — the last upgrade took place in October — and sales tend to fall off before new products launch.
We know from teardowns that Apple included TriQuint chips in many generations of the iPhone and iPad, including the most recent iPhone 4S and third-generation iPad. When iPhone component supplier Qualcomm announced last week it was having “trouble meeting demand” for LTE chips likely to end up in a next-gen iPhone, many analysts speculated that was a clear indication of an October iPhone launch.
Quinsey said in a statement to the publication that he expects to return to normal revenue and growth numbers in the second half of this year:
“I believe this dip will be temporary and remain confident about our long term position,” Quinsey said in a written statement. “We have achieved design win success with our new products and I believe we will return to normal revenue levels and growth in the second half of 2012.”