TriQuint, ZTE sign $50M agreement at US-China Business Forum

HILLSBORO, USA: TriQuint Semiconductor, a leading RF product manufacturer and foundry services provider, has signed a framework agreement with ZTE Corp.

The document states ZTE will procure TriQuint components, including but not limited to CDMA, GSM, and WCDMA ASICs, in the value of no less than $50 million dollars in CY 2009.

The agreement was formalized at the US-China Business Signing Ceremony: Partnering for Sustainable Economic Growth, April 28, 2009, in Chicago, IL. The event, aggregating $5.7 billion of US-China business through 28 contracts, was organized by the China Chamber of Commerce for Import & Export of Machinery and Electronic Products.

“We were delighted to be invited by ZTE to this event supporting international relations, and look forward to working with ZTE to further wireless communications,” said Ralph Quinsey, President and CEO of TriQuint Semiconductor. “Not only does this agreement strengthen the relationship of the two companies, but our innovations will bring high quality voice, data, and video communications to people everywhere.”