TriQuint Semiconductor’s stock jumped 9% after Apple’s iPhone 4S announcement.
TriQuint Semiconductor’s stock jumped 9% after Apple’s iPhone 4S announcement.
Apple contractor Foxconn is TriQuint’s largest customer, providing a quarter of all the Hillsboro company’s revenue. So TriQuint’s fortunes rise and fall to a great extent with the iPhone, and its role in the device.
“Part of the reason it’s up today is not every investor was expecting the 3GS to remain on sale,” said Nathan Johnsen of Pacific Crest Securities in Portland.
Read more at OregonLive.com.
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