10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended		June 29, 2013

or

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from			to
Commission file number		0-22660

TRIQUINT SEMICONDUCTOR, INC.

(Exact name of registrant as specified in its charter)

Delaware	95-3654013
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2300 N.E. Brookwood Parkway, Hillsboro, Oregon	97124
(Address of principal executive offices)	(Zip Code)
(503) 615-9000
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                         Yes  x    No  £

Indicate by a check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes  x No  £

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.     

Large accelerated filer x Accelerated filer  £

Non-accelerated filer  £ (Do not check if a smaller reporting company)    Smaller reporting company  £

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  Yes £ No x

As of August 5, 2013, there were 156,518,028 shares of the Registrant’s common stock outstanding.

TRIQUINT SEMICONDUCTOR, INC.

INDEX

	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 29, 2013 and June 30, 2012	1
	Condensed Consolidated Balance Sheets at June 29, 2013 and December 31, 2012	2
	Condensed Consolidated Statements of Cash Flows for the six months ended June 29, 2013 and June 30, 2012	3
	Notes to Condensed Consolidated Financial Statements	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	21
Item 4.	Controls and Procedures	21
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	22
Item 1A.	Risk Factors	22
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	22
Item 5.	Other Information	22
Item 6.	Exhibits	23

Part I. FINANCIAL INFORMATION

Item 1. Financial Statements

TRIQUINT SEMICONDUCTOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

(In thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Revenue	190,103			178,002			374,312			394,732
Cost of goods sold	133,384			133,064			278,821			287,205
Gross profit	56,719			44,938			95,491			107,527
Operating expenses:
Research, development and engineering	47,107			38,084			93,178			75,158
Selling, general and administrative	25,989			31,270			53,230			60,356
Total operating expenses	73,096			69,354			146,408			135,514
Loss from operations	(16,377		)	(24,416		)	(50,917		)	(27,987		)
Other (expense) income:
Interest income	38			89			76			138
Interest expense	(1,137		)	(313		)	(2,276		)	(663		)
Gain/recovery of investment	421			4			421			6,957
Other, net	(85		)	35			(394		)	145
Total other (expense) income, net	(763		)	(185		)	(2,173		)	6,577
Loss before income tax	(17,140		)	(24,601		)	(53,090		)	(21,410		)
Income tax benefit	(2,255		)	(11,551		)	(10,256		)	(10,243		)
Net loss	(14,885		)	(13,050		)	(42,834		)	(11,167		)
Net loss per common share:
Basic	$	(0.09	)	$	(0.08	)	$	(0.27	)	$	(0.07	)
Diluted	$	(0.09	)	$	(0.08	)	$	(0.27	)	$	(0.07	)
Common equivalent shares:
Basic	159,347			165,355			160,044			165,796
Diluted	159,347			165,355			160,044			165,796
Other comprehensive loss:
Net unrealized loss on available for sale investments	(4		)	(2		)	(2		)	(2		)
Comprehensive loss	$	(14,889	)	$	(13,052	)	$	(42,836	)	$	(11,169	)

The accompanying notes are an integral part of these financial statements.

1

TRIQUINT SEMICONDUCTOR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share data)

	June 29, 2013			December 31, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	74,543		$	116,653
Investments in marketable securities	14,785			22,305
Accounts receivable, net	99,346			132,729
Inventories	170,678			138,246
Prepaid expenses	11,371			8,938
Deferred tax assets, net	13,586			12,530
Other current assets	39,909			48,382
Total current assets	424,218			479,783
Property, plant and equipment, net	468,692			448,741
Goodwill	4,391			4,391
Intangible assets, net	19,631			23,163
Deferred tax assets – noncurrent, net	67,374			57,185
Other noncurrent assets, net	32,796			40,415
Total assets	$	1,017,102		$	1,053,678
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Credit facility borrowing	$	20,000		$	—
Accounts payable	73,774			65,388
Accrued payroll	38,116			33,254
Other accrued liabilities	13,000			15,132
Total current liabilities	144,890			113,774
Long-term liabilities:
Long-term income tax liability	3,598			2,809
Cross-licensing liability	12,297			12,818
Other long-term liabilities	16,090			15,878
Total liabilities	176,875			145,279
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred Stock, $0.001 par value, 5,000 shares authorized, no shares issued	—			—
Common stock, $0.001 par value, 600,000 shares authorized, 155,806 and 160,611 shares issued and outstanding at June 29, 2013 and December 31, 2012, respectively	156			161
Additional paid-in capital	650,872			676,203
Accumulated other comprehensive loss	(368		)	(366		)
Retained earnings	189,567			232,401
Total stockholders’ equity	840,227			908,399
Total liabilities and stockholders’ equity	$	1,017,102		$	1,053,678

The accompanying notes are an integral part of these financial statements.

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TRIQUINT SEMICONDUCTOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

	Six Months Ended
	June 29, 2013			June 30, 2012
Cash flows from operating activities:
Net loss	$	(42,834	)	(11,167	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	52,029			44,807
Stock-based compensation charges	14,216			14,255
Deferred income taxes	(11,245		)	(12,628	)
Gain/recovery of investment	(421		)	(6,957	)
Other	(1,722		)	(875	)
Changes in assets and liabilities:
Accounts receivable, net	33,383			30,736
Inventories	(32,044		)	(2,612	)
Other assets	21,913			(34,310	)
Accounts payable and accrued expenses	(6,855		)	17,836
Net cash provided by operating activities	26,420			39,085
Cash flows from investing activities:
Purchase of available-for-sale investments	(11,919		)	(52,033	)
Maturity/sale of available-for-sale investments	19,437			62,935
Proceeds from gain/recovery of investment in other companies	421			6,957
Other	686			138
Capital expenditures	(57,281		)	(30,441	)
Net cash used in investing activities	(48,656		)	(12,444	)
Cash flows from financing activities:
Borrowing on credit facility	20,000			—
Subscription/issuance of common stock, net	11,526			9,350
Repurchase of common stock	(51,125		)	(25,000	)
Excess tax benefit from stock-based compensation arrangements	(275		)	—
Net cash used in financing activities	(19,874		)	(15,650	)
Net (decrease) increase in cash and cash equivalents	(42,110		)	10,991
Cash and cash equivalents at beginning of period	116,653			116,305
Cash and cash equivalents at end of period	$	74,543		127,296
Supplemental disclosures:
Change in timing of payments related to capital expenditures	$	11,446		(2,277	)
Cash paid for income taxes, net of cash refunds	$	1,100		184

The accompanying notes are an integral part of these financial statements.

3

TRIQUINT SEMICONDUCTOR, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(In thousands, except per share amounts)

(Unaudited)

1. Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed, or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In addition, the preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. For TriQuint Semiconductor, Inc. (the “Company”), the accounting estimates requiring management’s most difficult and subjective judgments include revenue recognition, the valuation of inventory, the accounting for income taxes, precious metals reclaim and stock-based compensation. Certain reclassifications have been made to prior year balances in order to conform to the current year presentation. In the opinion of management, the condensed consolidated financial statements include all material adjustments, consisting only of normal, recurring adjustments, necessary for the fair presentation of the results of the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the audited financial statements of the Company as of and for the fiscal year ended December 31, 2012, included in the Company’s 2012 Annual Report on Form 10-K filed with the SEC on February 26, 2013.

2. Recent Accounting Pronouncements

In July 2013, the FASB's Emerging Issues Task Force ("EITF") reached final consensus with regard to the "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." The update is intended to eliminate diversity in practice in the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Current GAAP does not include explicit guidance on this topic. The main provisions of the update provide that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. An exception exists if such deferred tax asset is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from a disallowance of a tax position or if the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. In such cases the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update will be applied prospectively. The update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this standard will have no net effect on the Company's financial position, results of operations or cash flows. However, once adopted, the standard may change the presentation of unrecognized tax benefits and deferred tax assets in the balance sheet and the income taxes section of the notes to the financial statements.

3. Fair Value of Financial Instruments

The Company accounts for its assets utilizing a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy:

• Level 1—Quoted prices for identical instruments in active markets;

• Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and

• Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

4

Assets and liabilities measured and recorded at fair value on a recurring basis at June 29, 2013 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	60,994	$	60,994	$	60,994	$	—	$	—	$	—
Cash equivalents	13,549		13,549		—		11,854		1,695		—
Short-term—marketable securities	14,785		14,785		—		3,518		11,267		—
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	94,624	$	94,624	$	60,994	$	20,668	$	12,962	$	—
Liabilities:
Earnout and milestone payment liability	3,822		3,822		—		—		—		3,822
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	9,118	$	9,118	$	—	$	5,296	$	—	$	3,822
Assets and liabilities measured and recorded at fair value on a recurring basis at December 31, 2012 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	63,104	$	63,104	$	63,104	$	—	$	—	$	—
Cash equivalents	53,549		53,549		—		53,549		—		—
Short-term—marketable securities	22,305		22,305		—		4,510		17,795		—
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	143,549	$	143,549	$	63,104	$	62,650	$	17,795	$	—
Liabilities:
Earnout and milestone payment liability	$	5,457	$	5,457	$	—	$	—	$	—	$	5,457
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	10,048	$	10,048	$	—	$	4,591	$	—	$	5,457

The instruments classified as Level 1 are measured at fair value using quoted market prices. The investments classified as Level 2 were valued using quoted prices for similar instruments in markets that are not active since identical instruments were not available. The Company determines the hierarchy levels at the end of each quarter.

The non-qualified deferred compensation plan provides eligible employees and members of the Board of Directors with the opportunity to defer a specified percentage of their cash compensation. The Company includes the asset deferred by the participants in the “Other noncurrent assets, net” line item of its consolidated balance sheets and the Company’s obligation to deliver the deferred compensation in the “Other long-term liabilities” line item on its consolidated balance sheets.

5

The earnout and milestone payment liability as of June 29, 2013 resulted from two acquisitions during 2012 and represents the fair value of the estimated payout to the former businesses contingent upon meeting certain requirements. For the first acquisition, as of June 29, 2013, the Company estimated the fair value of the obligation as $2,179 using a cash flow based approach discounted with a market discount rate. For the second acquisition, as of June 29, 2013, the Company estimated the fair value of the obligation as $1,643 using a Monte Carlo simulation model discounted using the risk free rate adjusted for an applicable credit spread. During the three months ended June 29, 2013, the Company remeasured the fair value of the obligation for the second acquisition based on a change in forecast related to the achievement of earnout targets. The change in estimate resulted in a reduction in the liability of $2,610 and was recorded to selling general and administrative expenses in the statement of operations. For both of the acquisitions, total accretion of $975 was recognized during the six months ended June 29, 2013.

Ending earnout and milestone payment liability at December 31, 2012	$	5,457
Accretion	975
Change in estimate	(2,610		)
Ending earnout and milestone payment liability at June 29, 2013	$	3,822

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

The Company entered into a cross-licensing agreement in 2012. The fair value of the cross-licensing liability was estimated using a discounted cash flow model which discounts future cash flows using an incremental borrowing rate of 9%. The cross-licensing liability was categorized as Level 3 in the fair value hierarchy and its ending fair value at June 29, 2013 was $15,297, of which $3,000 was current and is included in other current liabilities in the balance sheet.

4. Investments in Cash Equivalents and Marketable Securities

As of June 29, 2013 and December 31, 2012 all short-term investments were classified as available-for-sale and have maturity dates of less than one year. All unrealized gains and losses on available-for-sale investments are included in other comprehensive loss. The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at June 29, 2013 consisted of the following:

At June 29, 2013	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Corporate debt securities	$	1,695	$	—	$	—		$	1,695
Money market funds and other	11,854		—		—			11,854
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	3,518		—		—			3,518
U.S. government-sponsored enterprise securities	5,705		—		(1		)	5,704
Municipal notes	555		—		(1		)	554
Corporate debt securities	5,012		—		(3		)	5,009
	$	28,339	$	—	$	(5	)	$	28,334

6

The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at December 31, 2012 consisted of the following:

At December 31, 2012	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Money market funds and other	$	53,549	$	—	$	—		$	53,549
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	4,510		—		—			4,510
U.S. government-sponsored enterprise securities	1,065		—		—			1,065
Corporate debt securities	14,933		—		(3		)	14,930
Certificates of deposit	1,800		—		—			1,800
	$	75,857	$	—	$	(3	)	$	75,854

Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. The Company employs a methodology that reviews specific securities in evaluating potential impairment of its investments. In the event that the cost of an investment exceeds its fair value, the Company evaluates, among other factors, the Company’s intent and ability to hold the investment and extent to which the fair value is less than cost; the financial health of and business outlook for the issuer; and operating and financing cash flow factors. During the six months ended June 29, 2013 the Company did not record any other-than-temporary impairments on its investments in cash equivalents or marketable securities.

5. Net Loss Per Share

Basic net loss per share and diluted net loss per share are calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Dilutive securities include options granted pursuant to the Company’s stock option plans, potential shares related to Market-Based Restricted Stock Units ("MSUs") and potential shares related to the Company’s Employee Stock Purchase Plan ("ESPP").

For the three and six months ended June 29, 2013 and June 30, 2012, all outstanding options and potential shares related to MSUs and the ESPP were excluded from the calculation as their effect would have been antidilutive.

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6. Selected Financial Statement Information

	June 29, 2013			December 31, 2012
Accounts receivable, net:
Trade accounts receivable	$	99,358		$	132,782
Allowance for doubtful accounts	(12		)	(53		)
	$	99,346		$	132,729
Inventories:
Raw materials	$	33,124		$	26,798
Work-in-process	97,780			72,393
Finished goods	39,774			39,055
	$	170,678		$	138,246
Other current assets:
Precious metals reclaim	$	32,136		$	39,472
Other	7,773			8,910
	$	39,909		$	48,382
Accrued payroll:
Accrued payroll and taxes	$	11,205		$	11,234
Accrued paid time off and sabbatical	17,829			14,979
Accrued management incentive program	4,162			2,437
Self-insurance liability	2,418			2,168
ESPP Withholdings	2,502			2,436
	$	38,116		$	33,254

7. Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	June 29, 2013			December 31, 2012
Land	$	19,704		$	19,691
Buildings	94,779			94,766
Building and leasehold improvements	31,818			31,012
Machinery and equipment	706,747			664,737
Furniture and fixtures	7,006			6,915
Computer equipment and software	48,443			46,930
Assets in process	78,431			59,561
Total property, plant and equipment, gross	986,928			923,612
Accumulated depreciation	(518,236		)	(474,871		)
Total property, plant and equipment, net	$	468,692		$	448,741

The Company reported depreciation expense as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Depreciation expense	$	24,635	$	21,237	$	48,497	$	41,651

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8. Goodwill and Other Acquisition-Related Intangible Assets

The Company is required to perform an impairment analysis on its goodwill at least annually, or when events and circumstances warrant. Conditions that would trigger an impairment assessment, include, but are not limited to, a significant adverse change in legal factors or in the business climate that could affect the value of an asset or an adverse action or assessment by a regulator. The Company is considered one reporting unit. When the Company performed this test in 2012, the Company elected to use the two-step goodwill impairment test. Therefore, to determine whether goodwill may be impaired, the Company compares its book value to its market capitalization. If the trading price of the Company’s common stock, as adjusted for factors such as a control premium, is below the book value per share at the date of the annual impairment test or if the average trading price of the Company’s common stock is below book value per share for a sustained period, a goodwill impairment test will be performed by comparing book value to estimated market value. If the comparison of book value to estimated market value indicates impairment, then the Company compares the implied fair value of goodwill to its carrying amount in a manner similar to a purchase price allocation for a business combination. If the carrying amount of goodwill exceeds its implied fair value, an impairment loss is recognized equal to that excess.

Unless indicators warrant testing at an earlier date, the Company performs its annual goodwill impairment test in the fourth quarter of each year. During the six months ended June 29, 2013, there were no impairments recorded or impairment indicators present.

Information regarding the Company’s acquisition-related intangible assets is as follows:

		June 29, 2013							December 31, 2012
	Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Goodwill		$	4,391	$	—		$	4,391	$	4,391	$	—		$	4,391
Amortizing intangible assets
In process research and development	3 - 5	1,779		(868		)	911		1,779		(658		)	1,121
Patents, trademarks and other	4 - 15	55,743		(37,873		)	17,870		55,743		(34,551		)	21,192
		57,522		(38,741		)	18,781		57,522		(35,209		)	22,313
Non-amortizing intangible assets
In process research and development		850		—			850		850		—			850
Total intangible assets		58,372		(38,741		)	19,631		58,372		(35,209		)	23,163
Total goodwill and intangible assets		$	62,763	$	(38,741	)	$	24,022	$	62,763	$	(35,209	)	$	27,554

Amortization expense related to intangible assets is as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Amortization expense	$	1,766	$	1,593	$	3,532	$	3,156

There were no changes to the gross carrying amount of goodwill or intangible assets during the six months ended June 29, 2013.

9. Credit Facility

On September 30, 2010, the Company, the domestic subsidiaries of the Company (the “Guarantors”), Bank of America, N.A., as administrative agent and lender, and Union Bank, N.A., Wells Fargo Bank, N.A., Bank of the West, BBVA Compass Bank and US Bank, as lenders (together with the administrative agent, the “Lenders”), entered into a Credit Agreement (the “Agreement”). The Agreement provides the Company with a three-year unsecured revolving syndicated credit facility of $200,000 maturing on September 30, 2013. On August 24, 2011, the Company extended, with Lender's consent, the maturity date to September 30, 2014. The Company’s obligations under the Agreement are jointly and severally guaranteed by the Guarantors. Upon the occurrence of certain events of default specified in the Agreement, amounts due under the Agreement may be declared immediately due and payable.

The Company may elect to borrow at either a Eurodollar Rate or a Base Rate (each as defined in the Agreement). Eurodollar Rate loans bear interest at an amount equal to the sum of a rate per annum calculated from the British Bankers Association London Interbank Offered Rate ("LIBOR") plus a designated percentage per annum (the “Applicable Rate”). The

9

Applicable Rate for Eurodollar Rate loans is based on the Company’s consolidated total leverage ratio (as defined in the Agreement) and is subject to a floor of 2.50% per annum and a cap of 3.00% per annum. Base Rate loans bear interest at a rate equal to the higher of the federal funds rate plus 0.50%, the prime rate of Bank of America, N.A. plus the Applicable Rate or the Eurodollar Base Rate plus 1.0%. The Applicable Rate for Base Rate loans is subject to a floor of 1.50% per annum and a cap of 2.00% per annum. The interest payment date (as defined in the Agreement) will vary based on the type of loan but generally will be quarterly. The Company paid commitment fees, an arrangement fee, upfront fees and a renewal fee pursuant to the terms of the Agreement. The Company will also pay a quarterly fee for any letters of credit issued under the Agreement. The initial fees associated with the Agreement were capitalized and are being amortized to interest expense using the straight-line method over the remaining term to maturity.

The Agreement contains non-financial covenants of the Company and the Guarantors, including restrictions on the ability to create, incur or assume liens and other debt, make certain investments, dispositions and restricted payments, change the nature of the business, and merge with other entities subject to certain caps as defined in the agreement. The Agreement requires the Company to maintain ratios defined in the Agreement, which include a consolidated total leverage ratio as of the end of any fiscal quarter not in excess of 2.50 to 1.00, a consolidated liquidity ratio of at least 1.25 to 1.00 and a consolidated interest coverage ratio at a minimum of 3.00 to 1.00. The Company was in compliance with these covenants as of June 29, 2013.

On June 27, 2013, the Company elected to borrow $20,000 under the Agreement, which bears interest at the Base Rate and represents the total amount of credit facility borrowing as of June 29, 2013. There were no borrowings under the Agreement outstanding as of December 31, 2012. During the three and six months ended June 29, 2013, interest cost of $3 was incurred on borrowings. No interest cost was incurred on borrowings during the three or six months ended June 30, 2012.

10. Stock-Based Compensation

Stock-based compensation expense consists of compensation costs related to grants of stock options, MSUs and the ESPP. The table below summarizes the stock-based compensation expense for the three and six months ended June 29, 2013 and June 30, 2012:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Stock-based compensation expense:
Cost of goods sold	$	1,570	$	1,823	$	3,606	$	3,929
Research, development and engineering	2,621		2,430		5,095		4,688
Selling, general and administrative	3,002		3,305		5,515		5,638
Total stock-based compensation expense included in loss from operations	$	7,193	$	7,558	$	14,216	$	14,255

Stock Options

The following table summarizes the Company’s stock option transactions for the six months ended June 29, 2013:

	Six Months Ended
	June 29, 2013
	Shares		Weighted-average exercise price per share
Outstanding at December 31, 2012	33,241		$	6.56
Granted	6,692		5.78
Exercised	(992	)	3.85
Forfeited	(815	)	7.31
Outstanding at June 29, 2013	38,126		$	6.47

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The following table summarizes the average estimates the Company used in the Black-Scholes option-pricing model during the three and six months ended June 29, 2013 and June 30, 2012, to determine the fair value of employee stock options granted during each period:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Risk free interest rates	0.9	%	0.9	%	0.9	%	1.0	%
Expected life in years	5.00 years		5.00 years		5.00 years		5.00 years
Expected dividend yield	—	%	—	%	—	%	—	%
Expected volatility	64.0	%	63.6	%	64.0	%	63.4	%
Estimated annualized forfeiture rate	4.9	%	5.6	%	4.9	%	5.6	%

Market-Based Restricted Stock Units

During the three and six months ended June 29, 2013, the Company granted MSUs to certain members of executive management. The number of shares that are ultimately awarded is contingent upon the achievement of pre-determined market and service conditions. Market conditions must be met for shares to be awarded, even if the service conditions are met. Fair value of the awards is determined at the grant date based on the target number of awards ultimately expected to be awarded. Compensation expense associated with the awards is calculated based on the target number of shares ultimately expected to be awarded and is recognized on a straight line basis over the requisite service period and will not be reversed even if the market conditions are not met. The number of shares of common stock to be awarded will range from zero to 150 percent of the target number of stock units based on the Company's total stockholder return (“TSR”) relative to the performance of companies in the SPDR S&P Semiconductor Index ("SPDR") for each measurement period. TSR is calculated based on market performance between the beginning and end of the award period, generally over three years. The maximum number of shares of common stock that could be awarded is 299 shares, based on the number of awards outstanding during the three and six months ended June 29, 2013.

The fair value of the MSUs was determined using a Monte-Carlo simulation model. The Monte-Carlo simulation model is affected by assumptions regarding subjective and complex variables. Generally, the Company's assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. Key assumptions for the Monte-Carlo simulation model were as follows:

	Three Months Ended			Six Months Ended
	June 29, 2013		June 30, 2012	June 29, 2013		June 30, 2012
Risk free interest rates	0.4	%	—	0.4	%	—
Expected dividend yield	—		—	—		—
Expected volatility	56.2	%	—	56.2	%	—
Correlation coefficient to SPDR	0.59		—	0.59		—

In the following table, MSU activity during the six months ended June 29, 2013 is presented at 100 percent of the target number of shares of common stock that may potentially be awarded:

	Six Months Ended
	June 29, 2013
	Shares	Weighted-average grant date fair value
Outstanding at December 31, 2012	—	$	—
Granted	199	7.45
Outstanding at June 29, 2013	199	$	7.45

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ESPP

Employees participating in the ESPP authorize the Company to withhold compensation and to use the withheld amounts to purchase shares of the Company's common stock at a discount.

The table below summarizes the ESPP common stock purchases for the three and six months ended June 29, 2013 and June 30, 2012.

	Three Months Ended		Six Months Ended
	June 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Shares purchased	1,872	1,770	1,872	1,770

11. Income Taxes

The Company recorded an income tax benefit of $2,255 and $10,256 for the three and six months ended June 29, 2013, respectively. For the three and six months ended June 30, 2012, the Company recorded an income tax benefit of $11,551 and $10,243, respectively. The income tax benefit for the three months ended June 29, 2013 was primarily the result of the Company's pre-tax loss. The income tax benefit for the six months ended June 29, 2013 was primarily the result of the Company's pre-tax loss and the recognition of U.S. federal tax credits. The income tax benefit for the three and six months ended June 30, 2012 was primarily associated with the Company's pre-tax loss offset by an accrual for unrecognized tax benefits.

In January, 2013, the American Taxpayer Relief Act of 2012 was signed into law, retroactively reinstating the Research and Experimental ("R&E") tax credit for 2012 and through 2013. The expected benefit for 2012 of approximately $4,045 was recorded during the three months ended March 30, 2013.

No provision has been made for U.S., state or additional foreign income taxes related to approximately $110,064 of undistributed earnings of foreign subsidiaries which have been permanently reinvested outside of the U.S., except for liquidated foreign entities and existing earnings that have been previously taxed. It is not practicable to determine the U.S. federal income tax liability, if any, which would be payable if such earnings were not permanently reinvested outside of the U.S. In the event the foreign subsidiaries repatriate these earnings, the earnings may be subject to U.S. federal and state income taxes and foreign withholding taxes.

The major jurisdictions in which the Company files are the U.S., Singapore and Costa Rica. In 2012, the Company expanded its presence into Asia by increasing operations in Singapore. Tax years beginning in 2006 are subject to examination by taxing authorities, although net operating losses ("NOL") and credit carryforwards from all years are subject to examinations and adjustments for at least three years following the year in which the attributes are used. Due to agreements with the Costa Rican and Singaporean governments, the Company was granted income tax holidays of varying rates through March 2017 and December 2019, respectively. Incentives from these countries are subject to the Company meeting certain employment and investment requirements. The Company was in compliance with these requirements as of June 29, 2013.

Deferred Income Taxes

As of June 29, 2013, deferred tax assets of $80,960, net of a $15,012 valuation allowance, were recorded on the balance sheet. As of December 31, 2012, the Company recorded deferred tax assets of $69,715, net of a $14,518 valuation allowance. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more-likely-than-not to be realized. The Company maintains a valuation allowance against the tax effect of all capital loss carryforwards, certain state and foreign net operating loss carryforwards, and certain state credit carryforwards, as management does not believe it is more likely than not that these benefits will be realized in future periods.

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Unrecognized Tax Benefits

In the six months ended June 29, 2013, net unrecognized tax benefits increased $789 primarily as a result of an additional liability recorded to address existing potential exposures involving positions that could be challenged by taxing authorities. The Company does not anticipate the release of any unrecognized tax benefits due to the expiration of statutes of limitations within the next twelve months. Interest and penalties associated with unrecognized tax benefits are accrued and classified as a component of tax expense in the statement of operations and comprehensive loss.

Net unrecognized tax benefits at June 29, 2013 and December 31, 2012 were as follows:

	June 29, 2013		December 31, 2012
Net unrecognized tax benefits	$	3,598	$	2,809

12. Commitments and Contingencies

Legal Matters

The Company is from time to time involved in litigation, certain other claims and arbitration matters arising in the ordinary course of its business. The Company accrues for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.  Significant judgment is required in both the determination of the probability of a loss and the determination as to whether a loss is reasonably estimable. These accruals are reviewed at least quarterly and adjusted to reflect the effects of negotiations, settlements, rulings, advice of legal counsel and technical experts and other information and events pertaining to a particular matter.  To the extent there is a reasonable possibility (within the meaning of ASC 450) that losses could exceed amounts already accrued, if any, and the additional loss or range of loss is able to be estimated, management discloses the additional loss or range of loss.

In some instances, the Company is unable to reasonably estimate any potential loss or range of loss. The nature and progression of litigation can make it difficult to predict the impact a particular lawsuit will have on the Company.  There are many reasons that the Company cannot make these assessments, including, among others, one or more of the following:  the early stages of a proceeding; damages sought that are unspecified, unsupportable, unexplained or uncertain; discovery not having been started or incomplete; the complexity of the facts that are in dispute; the difficulty of assessing novel claims; the parties not having engaged in any meaningful settlement discussions; the possibility that other parties may share in any ultimate liability; and/or the often slow pace of litigation.

13. Investment in CyOptics, Inc.

In previous years, the Company made a number of investments in small, privately held technology companies in which the Company has held less than 20% of the capital stock or held notes receivable. As a result of the sale of the Company's former optoelectronics operations, the Company received as partial consideration $4,500 of preferred stock and an unsecured promissory note from CyOptics Inc. ("CyOptics") for $5,633. In years prior to 2012, the carrying amount of the CyOptics investment was fully impaired and written down to $0. During the six months ended June 30, 2012, the remaining amount due on the promissory note was settled in full and the preferred stock was sold in exchange for an initial liquidation payment of $6,957 and an escrow holdback contingent upon certain conditions. The initial liquidation payment was received in cash in March, 2012. The final liquidation payment of $421 from the escrow holdback account was received in cash in May, 2013. Both of the liquidation transactions were recorded as a gain/recovery of investment in the statement of operations and in the operating activities section of the statement of cash flows. The cash proceeds from both of the payments were included in the investing activities section of the statement of cash flows.

14. Stock Repurchase Program

On May 13, 2013, the Company's Board of Directors approved a stock repurchase program authorizing the purchase, at the discretion of management, of up to $75,000 of the Company's outstanding common stock. Common stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions. The timing of open market and privately negotiated purchases will be dependent upon market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company expects to use cash from operations to fund the repurchase program. Shares of common stock repurchased by the Company through the repurchase program will be retired and will have no impact on total shares authorized.

During the three months ended June 29, 2013, the Company repurchased 7,670 shares for $51,125 using available cash.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Introduction

You should read the following discussion and analysis in conjunction with our condensed consolidated financial statements and the related notes thereto included in this Report on Form 10-Q and with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The discussion in this Report contains forward-looking statements, including statements regarding projected working capital and capital expenditures, potential investment needs, our expectations about reinvestment of foreign earnings, settlement of long-term income tax liability and funding of our stock repurchase program and other statements preceded by terminology such as “believes,” “continue,” “could,” “estimates,” “expects,” “goal,” “hope,” “intends,” “may,” “our future success depends,” “plans,” “potential,” “predicts,” “projects,” “reasonably,” “should,” “thinks,” “will” or the negative of these terms or other comparable terminology. These statements are only predictions. A number of factors affect our operating results and could cause our actual future results to differ materially from any forward-looking statements made below, including those related to demand and growth in the wireless mobile devices, networks and defense & aerospace markets and our ability to take advantage of that growth; the ability to enter into defense & aerospace contracts; department of defense spending levels and the degree to which we may be affected by particular defense spending; uncertainty in federal defense budgets;the pace at which we release new products to support the defense & aerospace end market; the ability to diversify our customer base; our ability to achieve scale through targeted growth and continue to offer a diversified product portfolio to customers in our primary end markets;transitions in the mobile devices market including concentration of revenue in the handset market, continued growth of smartphones, shifts in end market demand to top smartphone suppliers, and growth in data traffic outpacing the capability of the existing infrastructure worldwide; strong growth in demand for our optical products; our ability to achieve positive operating results; our ramp in production for higher expected sales in the second half of 2013; transactions affecting liquidity and our ability to satisfy our projected expenditures through the next twelve months; factory utilization levels; and other factors and risks referenced in this Report on Form 10-Q and in Item 1A of Part II of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 entitled “Risk Factors.” In addition, historical information should not be considered an indicator of future performance.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we do not guarantee future results, levels of activity, performance or achievements. Moreover, we do not intend to update any of the forward-looking statements after the date of this Report on Form 10-Q to conform these statements to actual results. These forward-looking statements are made in reliance upon the safe harbor provision of The Private Securities Litigation Reform Act of 1995.

Overview

TriQuint Semiconductor, Inc. provides a comprehensive portfolio of advanced, high-performance radio frequency ("RF") solutions. We are a high-volume supplier of both active and passive technologies. We design, develop and manufacture these high-performance power amplifier, switch and filter modules in-house and provide them to the broad market, uniquely integrating many of the world's most advanced RF solutions to deliver solid customer value. We have built core competencies in gallium arsenide ("GaAs"), gallium nitride ("GaN"), surface acoustic wave ("SAW") and bulk acoustic wave ("BAW") technologies. We reach further, with solutions that boost performance and extend range while reducing size and bill of materials. We reach faster, utilizing our broad technology portfolio to simplify complex RF challenges and allow our customers better time to market.

We serve customers worldwide in three primary end markets: mobile devices, networks, defense & aerospace. Our mission is to deliver RF solutions that improve performance and lower the overall cost of our customers' applications. Our strategies to achieve this mission are to drive innovation and integration, ensure we serve a complementary and diverse set of markets, achieve scale through targeted growth and continue to offer a diversified product portfolio to customers in our primary end markets. In the mobile devices end market, we provide high performance devices such as integrated modules, RF filters, duplexers, small signal components, power amplifiers and switches. In the networks end market, we are a supplier of an extensive portfolio of GaAs microwave monolithic integrated circuits and transistors and SAW and BAW filter components. We provide the defense & aerospace end market with phased-array radar, communications and electronic warfare components and have been recognized as a leader in GaN development.

Wafer and semiconductor manufacturing facilities require a significant level of fixed costs due to investments in plant and equipment, labor costs and repair and maintenance costs. During periods of high demand, factories run at higher utilization rates, generally resulting in improved financial performance. As the overall RF market has grown in recent years, with continuing desire for content expansion in smartphones, demand increased for our products. In response, we increased capital expenditures in order to add capacity to our factories. Now with the increased capacity installed, higher fixed manufacturing costs adversely affect operating results when factories are not fully utilized.

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Highlights for the Six Months Ended June 29, 2013

Revenue decreased 5% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012.

Mobile devices represents the largest of our three major end markets. Revenue from the sales of our products in the mobile devices end market for the six months ended June 29, 2013 decreased 14% compared to the six months ended June 30, 2012. The decrease was primarily due to a decline in sales to our largest customer. We have strategically invested in premium filters, wafer level packaging and copper flip which created headwinds for us in 2013 and the six months ended June 29, 2013. We believe our investments will be critical to solve our customers' problems with crowded spectrum and constrained board space.

Revenue from sales of our products in the networks end market increased 5% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012. This increase was driven primarily by base station expansion and strong demand for our multi-market communications products. Growth in data traffic, in the form of streaming video, location services, machine to machine communications and social networking continues to drive infrastructure changes worldwide. The proliferation of these connections requires billions of terabytes of electronic data to move around the globe today and traffic continues to expand at an unprecedented rate. This creates demand for TriQuint products to support the the continuing evolution of new frequency spectrum allocations, relieve the issues seen with spectrum interference and enable higher throughput networks for upgrade and build-out of the worldwide wireless and fiber networks.

Revenue from sales of our products in the defense & aerospace end market increased 30% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012 due to growth in revenue from contracts with the federal government. Our revenue in this market is dependent on program timing, which can result in swings from quarter to quarter. With the current uncertainty over federal defense budgets, we are seeing some delays in spending from our customers. Overall, however, we do not anticipate these delays to impact the larger programs we support and we continue to accelerate the release of new products to support this market.

Critical Accounting Policies and Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Some of our accounting policies require us to make difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. The accounting policies involve critical accounting estimates because they are particularly dependent on estimates and assumptions made by management about matters that are highly uncertain at the time the accounting estimates are made. Although we have used our best estimates based on facts and circumstances available to us at the time, different estimates reasonably could have been used. Changes in the accounting estimates we use are reasonably likely to occur from time to time, which may have a material effect on the presentation of our financial condition and results of operations.

Our most critical accounting estimates include revenue recognition; valuation of inventory, which affects gross margin; accounting for income taxes, which affects our tax provision; precious metals reclaim, which affects cost of goods sold and stock-based compensation, which affects cost of goods sold and operating expenses. We also have other policies that we consider to be key accounting policies, such as the valuation of accounts receivable and reserves for sales returns and allowances. However, these policies either do not meet the definition of critical accounting estimates described above or are not currently material items in our financial statements. We review our estimates, judgments, and assumptions periodically and reflect the effects of revisions in the period in which they are deemed to be necessary. We believe that these estimates are reasonable; however, actual results could differ from these estimates.

We updated our critical accounting policy for stock-based compensation during the six months ended June 29, 2013 to include our accounting for market-based restricted stock units, which is described below. For further discussion of our remaining critical accounting policies and estimates, see Management's Discussion and Analysis of Financial Condition and Results of Operations-Critical Accounting Policies and Estimates contained in our Annual Report on Form 10-K for the year ended December 31, 2012.

Market-Based Restricted Stock Units

During the three and six months ended June 29, 2013, we granted market-based restricted stock units ("MSUs") to certain members of executive management. The number of shares of common stock to be awarded will range from zero percent to 200 percent of the target number of stock units based on our total stockholder return (“TSR”) relative to the performance of companies in the SPDR S&P Semiconductor Index ("SPDR") for each measurement period. TSR is calculated based on market performance between the beginning and end of the award period, generally over three years. The fair value of the MSUs was

15

determined using a Monte-Carlo simulation model. Key assumptions for the Monte-Carlo simulation model are the risk-free interest rate, expected volatility, expected dividends and correlation coefficient. The determination of the fair value of MSUs is affected by assumptions regarding subjective and complex variables. Generally, our assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. Employee stock-based compensation expense for MSUs is calculated based on the target number of shares ultimately expected to be awarded and is recognized using a straight-line approach over the service period.

Results of Operations

The following table sets forth the results of our operations expressed as a percentage of revenue for the three and six months ended June 29, 2013 and June 30, 2012:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Revenue	100.0	%	100.0	%	100.0	%	100.0	%
Cost of goods sold	70.2		74.8		74.5		72.8
Gross profit	29.8		25.2		25.5		27.2
Operating expenses:
Research, development and engineering	24.8		21.4		24.9		19.0
Selling, general and administrative	13.6		17.5		14.2		15.3
Total operating expenses	38.4		38.9		39.1		34.3
Loss from operations	(8.6	)	(13.7	)	(13.6	)	(7.1	)
Other (expense) income:
Interest income	0.0		0.0		0.0		0.0
Interest expense	(0.6	)	(0.2	)	(0.6	)	(0.2	)
Recovery of investment	0.2		—		0.1		1.8
Other, net	(0.0	)	0.1		(0.1	)	0.1
Total other (expense) income, net	(0.4	)	(0.1	)	(0.6	)	1.7
Loss before income tax	(9.0	)	(13.8	)	(14.2	)	(5.4	)
Income tax benefit	(1.2	)	(6.5	)	(2.8	)	(2.6	)
Net loss	(7.8	)%	(7.3	)%	(11.4	)%	(2.8	)%

Three Months Ended June 29, 2013 and June 30, 2012

Revenue from Operations

Revenue increased $12.1 million, or 7%, for the three months ended June 29, 2013 compared to the three months ended June 30, 2012.

Revenue by end market for the three months ended June 29, 2013 and June 30, 2012, was as follows:

(in millions)	Three Months Ended
	June 29, 2013		June 30, 2012
Mobile Devices	$	117.9	$	112.3
Networks	45.5		44.9
Defense & Aerospace	26.7		20.8
Total	$	190.1	$	178.0

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Mobile Devices

Revenue from the sales of our products in the mobile devices end market increased approximately 5% for the three months ended June 29, 2013 compared to the three months ended June 30, 2012 primarily as a result of increased revenue from sales of our wireless local area networks ("WLAN") products, partially offset by decreased revenue from the sales of our 3G/4G and 2G products. Revenue from the sales of our products in the three primary submarkets of the mobile devices end market was as follows:

(in millions)	Three Months Ended
	June 29, 2013		June 30, 2012
3G/4G	$	82.8	$	86.9
2G	2.9		4.3
WLAN	32.2		21.1
Total	$	117.9	$	112.3

Networks

Revenue from the sales of our products in the networks end market increased approximately 1% for the three months ended June 29, 2013 compared to the three months ended June 30, 2012. The increase was primarily due to higher sales of our radio access and multi market products, partially offset by decreased revenue from the sales of our transport products. Revenue from the sales of our products in the three primary submarkets of the networks end market was as follows:

(in millions)	Three Months Ended
	June 29, 2013		June 30, 2012
Radio Access	$	14.2	$	11.3
Transport	21.8		26.6
Multi-market	9.5		7.0
Total	$	45.5	$	44.9

Defense & Aerospace

Revenue from the sales of our products in the defense & aerospace end market increased approximately 28% for the three months ended June 29, 2013 compared to the three months ended June 30, 2012, due primarily to the timing of programs and higher rate of new product releases during the most recent three month period.

Significant Customers

For the three months ended June 29, 2013 and June 30, 2012, sales to Foxconn Technology Group accounted for 22% and 24% of our revenue, respectively. While we strive to maintain a strong relationship with our customers, our customers' product life cycles typically are short because they continually develop new products. The selection process for our products to be included in our customers' new products is highly competitive. There are no guarantees that our products will be included in the next generation of products introduced by Foxconn Technology Group or our other customers. Any significant loss of, or a significant reduction in purchases by this, or other significant customers, could have an adverse affect on our financial condition and results of operations.

Some of our mobile devices end customers use multiple subcontractors for product assembly and test and some of those subcontractors have multiple customers. Therefore, revenues from our customers may not necessarily equal the business of a single mobile devices end customer.

Gross Profit

Our gross profit as a percentage of revenue increased to 29.8% for the three months ended June 29, 2013, from 25.2% for the three months ended June 30, 2012. The increase in gross profit was primarily the result of higher revenue, higher factory utilization and better yields.

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Operating expenses

Research, development and engineering

Our research, development and engineering expenses for the three months ended June 29, 2013 increased $9.0 million, or 24% compared to the three months ended June 30, 2012. The increase was primarily the result of higher salary and related expenses associated with a higher headcount and increased spending on material to develop new products, qualification costs and prototypes.

Selling, general and administrative

Selling, general and administrative expenses decreased $5.3 million, or 17% for the three months ended June 29, 2013 compared to the three months ended June 30, 2012, due primarily to lower litigation costs.

Other expense, net

Other expense, net was relatively flat for the three months ended June 29, 2013 compared to the three months ended June 30, 2012 with an increase of $0.6 million.

Income tax benefit

We recorded an income tax benefit of $2.3 million and $11.6 million for the three months ended June 29, 2013 and June 30, 2012, respectively. The income tax benefit for the three months ended June 29, 2013 was primarily the result of our pre-tax loss and the recognition of United States ("U.S.") federal tax credits. The income tax benefit for the three months ended June 30, 2012 was primarily associated with our pre-tax loss, offset by an accrual for unrecognized tax benefits.

Six Months Ended June 29, 2013 and June 30, 2012

Revenue from Operations

Revenue decreased $20.4 million, or 5%, for the six months ended June 29, 2013 compared to the six months ended June 30, 2012.

Revenue by end market for the six months ended June 29, 2013 and June 30, 2012, was as follows:

(in millions)	Six Months Ended
	June 29, 2013		June 30, 2012
Mobile Devices	$	223.4	$	260.8
Networks	96.7		92.3
Defense & Aerospace	54.2		41.6
Total	$	374.3	$	394.7

Mobile Devices

Revenue from the sales of our products in the mobile devices end market decreased approximately 14% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012. Revenue from the sales of our products in the three primary submarkets of the mobile devices end market was as follows:

(in millions)	Six Months Ended
	June 29, 2013		June 30, 2012
3G/4G	$	167.1	$	206.4
2G	5.6		13.6
WLAN	50.7		40.8
Total	$	223.4	$	260.8

3G/4G revenue declined primarily as a result of decreased demand from our largest customer. 2G revenue declined as we continue to shift focus away from this product area.

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Networks

Revenue from the sales of our products in the networks end market increased approximately 5% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012. The increase was primarily due to higher sales of our radio access and multi-market products. Revenue from the sales of our products in the three primary submarkets of the networks end market was as follows:

(in millions)	Three Months Ended
	June 29, 2013		June 30, 2012
Radio Access	$	33.1	$	30.0
Transport	46.7		47.4
Multi-market	16.9		14.9
Total	$	96.7	$	92.3

Defense & Aerospace

Revenue from the sales of our products in the defense & aerospace end market increased approximately 30% for the six months ended June 29, 2013 compared to the six months ended June 30, 2012, due primarily to the timing of programs and higher rate of new product releases during the most recent six month period.

Significant Customers

For the six months ended June 29, 2013 and June 30, 2012, sales to Foxconn Technology Group accounted for 23% and 31% of our revenue, respectively.

Gross Profit

Our gross profit as a percentage of revenue decreased to 25.5% for the six months ended June 29, 2013, from 27.2% for the six months ended June 30, 2012. The decrease in gross profit was primarily the result of lower revenue, coupled with the quality related costs of approximately $5.0 million that were recorded during the three months ended March 30, 2013.

Operating expenses

Research, development and engineering

Our research, development and engineering expenses for the six months ended June 29, 2013 compared to the six months ended June 30, 2012 increased $18.0 million, or 24%. The increase was primarily the result of higher salary and related expenses associated with a higher headcount and increased spending on material to develop new products, qualification costs and prototypes.

Selling, general and administrative

Selling, general and administrative expenses decreased $7.1 million, or 12%, for the six months ended June 29, 2013 compared to the six months ended June 30, 2012 due primarily to lower litigation costs.

Other (expense) income, net

Other expense, net was $2.2 million for the six months ended June 29, 2013 compared to other income, net of $6.6 million for the six months ended June 30, 2012. This fluctuation was primarily the result of the $7.0 million gain/recovery on the sale of a previously impaired investment recorded in the six months ended June 30, 2012.

Income tax benefit

We recorded an income tax benefit of $10.3 million and $10.2 million for the six months ended June 29, 2013 and June 30, 2012, respectively. The income tax benefit for the six months ended June 29, 2013 was primarily the result of our pre-tax loss and the recognition of U.S. federal tax credits. The income tax benefit for the six months ended June 30, 2012 was primarily associated with our pre-tax loss, offset by an accrual for unrecognized tax benefits.

19

Liquidity and Capital Resources

Liquidity

As of June 29, 2013, our cash, cash equivalents and short-term marketable securities decreased $49.6 million, or 36%, from December 31, 2012 primarily as a result of repurchasing 7.7 million shares of our common stock for $51.1 million. Other related changes at June 29, 2013 compared to December 31, 2012 were:

• Our accounts receivable balance decreased $33.4 million, or 25%, primarily due to collections associated with higher sales volumes near the end of the last fiscal year compared to the three months ended June 29, 2013.

• Our inventories balance increased by $32.4 million, or 23.5%, primarily due to a ramp in production for higher expected sales during the second half of 2013.

• Our deferred tax assets increased $11.2 million, or 16%. Of the total deferred tax assets of $81.0 million as of June 29, 2013, $13.6 million were classified as current and $67.4 million were classified as noncurrent. The increase primarily resulted from the recognition of additional federal tax credits and net operating loss carryforwards related to our pre-tax loss.

• Our net property, plant and equipment increased $20.0 million, or 4%. The increase was the result of capital additions, which outpaced depreciation expense recognized on existing assets of $48.5 million during the six months ended June 29, 2013. Capital expenditures during the period amounted to $57.3 million, which excludes the timing impact of down payments on planned capital purchases and the outstanding accounts payable on capital purchases of $11.4 million, net. Capital expenditures during the six months ended June 29, 2013 were primarily associated with the expansion of our BAW filter capacity.

• We borrowed $20.0 million in aggregate on our syndicated credit facility during the three months ended June 29, 2013, which remained outstanding as of June 29, 2013. There were no borrowings on the syndicated credit facility as of December 31, 2012.

• Our trade payables balance increased $8.4 million, or 13%, primarily due to increased purchasing activity related to production ramps expected in the second half of 2013.

Sources of Liquidity

Our current cash, cash equivalents and short-term investments balances, ($39.1 million domestic and $50.2 million foreign), together with cash anticipated to be generated from operations and the balance available on our $200 million syndicated credit facility, constitute our principal sources of liquidity. We believe these sources will satisfy our projected expenditures through the next twelve months. We intend to permanently reinvest all foreign earnings except for those of liquidated foreign entities and existing earnings that have been previously taxed. We are not presently aware of any restrictions on the repatriation of these funds. If these funds were needed to fund our operations in the U.S., they could be repatriated. Repatriation of our foreign funds would require board approval and could result in additional U.S. income taxes and foreign withholding taxes, which could be partially offset by net operating losses and/or foreign tax credits. Determining the amount of possible future taxes is not practicable. At this time, we believe our domestic funds, along with the syndicated credit facility, are sufficient to meet our net domestic cash requirements for the next twelve months. The principal risks to these sources of liquidity are lower than expected earnings or capital expenditures in excess of our expectations. In either of these cases we may be required to finance any shortfall through additional equity offerings, debt financing or credit facilities. We may not be able to obtain additional financing or credit facilities, or if these funds are available, they may not be available on satisfactory terms.

As of June 29, 2013, we had approximately $3.6 million of net unrecognized tax benefits, which are included as “Long-term income tax liability” in our consolidated balance sheets. We do not anticipate that settlement of the liabilities will require payment of cash within the next twelve months. Further, we are not able to reasonably estimate the timing of any cash payments required to settle these liabilities and do not believe that the ultimate settlement of these obligations will materially affect our liquidity.

During the three months ended June 29, 2013, our board of directors approved a stock repurchase program authorizing the purchase, at the discretion of management, of up to $75 million of our outstanding common stock. We used available cash to fund the repurchase program. During the three months ended June 29, 2013, we repurchased 7.7 million shares for $51.1 million.

Recent Accounting Pronouncements

See Note 2 of the Notes to Condensed Consolidated Financial Statements for a discussion of recent accounting pronouncements.

20

Off Balance Sheet Arrangements

As of June 29, 2013, we did not have any off balance sheet arrangements, as defined in Regulation S-K Item 303(a)(4). We did not have any relationships with unconsolidated entities or financial partnerships such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. As such, we are not exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in such relationships.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Our investments in cash equivalents are classified as available-for-sale securities and consist of highly-rated, short-term investments, such as money market funds, in accordance with an investment policy approved by our board of directors. All of these investments are held at fair value. We do not hold or issue derivatives, derivative commodity instruments or other financial instruments for speculative trading purposes. The following table shows the fair value of our investments as of June 29, 2013 (in millions):

	Cost		Fair Value
Cash and cash equivalents (including unrealized losses of less than $0.1)	$	74.5	$	74.5
Short-term available-for-sale investments (including net unrealized losses of less than $0.1)	$	14.8	$	14.8

Foreign Currency Risk

We are exposed to currency exchange rate fluctuations because we sell our products internationally and have operations in Singapore, Costa Rica and Germany. We manage the foreign currency risk of our international sales and purchases of raw materials and equipment by denominating most transactions in U.S. dollars.

Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures. We conducted an evaluation (pursuant to Rule 13a-15(b) of the Securities Exchange Act of 1934 (the “Exchange Act”)), under the supervision and with the participation of management, including our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q. These disclosure controls and procedures are designed to ensure that information required to be disclosed in our reports that are filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. Our disclosure controls and procedures include controls and procedures designed to ensure that this information is accumulated and communicated to management, including the principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on this evaluation, our chief executive officer and chief financial officer have concluded that our disclosure controls and procedures were effective as of the end of the period covered by this Quarterly Report on Form 10-Q.

Changes in internal control over financial reporting. There was no change in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) that occurred during the period covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

21

Part II. OTHER INFORMATION

Item 1. Legal Proceedings

The information set forth above under Note 12 contained in the "Notes to the Condensed Consolidated Financial Statements" is incorporated herein by reference.

Item 1A. Risk Factors

There have been no material changes to our market risk exposures from the risk factors previously disclosed in our 2012 Annual Report on Form 10-K for the year ended December 31, 2012. For a discussion on our exposure to market risk, refer to Item 1A, Risk Factors, contained in our 2012 Annual Report on Form 10-K as filed with the SEC on February 26, 2013.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In May 2013, our board of directors approved a stock repurchase program authorizing the purchase, at the discretion of management, of up to $75 million of our outstanding common stock. During the three months ended June 29, 2013, we made the following repurchases of our common stock (in millions except per share data):

	Total number of shares purchased	Average price paid per share	Total number of shares purchased as part of publicly announced plan	Maximum dollar amount of shares that may yet be purchased under the plan
May 1 to May 31	6.6	$6.60	6.6	$31.6
June 1 to Jun 29	1.1	$7.09	1.1	$23.9

Item 5. Other Information

On May 14, 2013, our stockholders approved the TriQuint 2013 Incentive Plan ("2013 Plan") which replaced the TriQuint 2012 Incentive Plan ("2012 Plan"). The 2013 Plan authorized the issuance of 5,000,000 new shares of our common stock. All shares currently subject to outstanding stock options granted under the 2012 Plan, the TriQuint 2009 Incentive Plan and the TriQuint 1996 Stock Incentive Program with become available for grant under the 2013 Plan to the extent these stock options expire without being exercised or are canceled or forfeited without shares actually being issued and delivered. A detailed summary of the 2013 Plan can be found on pages 18-23 of our definitive proxy statement on Schedule 14A filed on April 1, 2013, which description is incorporated herein by reference. The summary does not purport to be complete and is qualified in its entirety by reference to the full text of the 2013 Plan, which was attached as Appendix A to such definitive proxy statement and is incorporated herein by reference.

22

Item 6. Exhibits

10.5+	TriQuint Semiconductor, Inc. 2013 Incentive Plan (incorporated herein by reference to Appendix A to the Registrant’s definitive proxy statement on Schedule 14A for the 2013 Annual Meeting of Stockholders, filed with the SEC on April 1, 2013).
10.6+	Automatic Stock Option Grant Program for Eligible Directors Under the TriQuint Semiconductor 2013 Incentive Plan.
31.1	Certification of Chief Executive Officer pursuant to Rule 13a—14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Rule 13a—14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Label Linkbase Document.

______________

+ Management contract or compensatory plan

23

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TRIQUINT SEMICONDUCTOR, INC.
Dated: August 7, 2013	By:	/s/    RALPH G. QUINSEY
		Ralph G. Quinsey President and Chief Executive Officer
Dated: August 7, 2013	By:	/s/    STEVE BUHALY
		Steve Buhaly
		Vice President of Finance, Secretary and Chief Financial Officer

24

INDEX TO EXHIBITS

Exhibit Number	Description of Exhibit
10.5+	TriQuint Semiconductor, Inc. 2013 Incentive Plan (incorporated herein by reference to Appendix A to the Registrant’s definitive proxy statement on Schedule 14A for the 2013 Annual Meeting of Stockholders, filed with the SEC on April 1, 2013).
10.6+	Automatic Stock Option Grant Program for Eligible Directors Under the TriQuint Semiconductor 2013 Incentive Plan.
31.1	Certification of Chief Executive Officer pursuant to Rule 13a—14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Rule 13a—14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Label Linkbase Document.

______________

+ Management contract or compensatory plan

25

EX-10.6

AUTOMATIC STOCK OPTION GRANT PROGRAM

FOR

ELIGIBLE DIRECTORS UNDER THE

TRIQUINT SEMICONDUCTOR, INC. 2013 INCENTIVE PLAN

The following provisions set forth the terms of the Automatic Stock Option Grant Program (the "Program") for eligible directors of TriQuint Semiconductor, Inc. (the "Company") under the Company's 2013 Incentive Plan (the "Plan"). In the event of any inconsistency between the terms contained herein and in the Plan, the Plan shall govern. All capitalized terms that are not defined herein have the meanings set forth in the Plan.

SECTION 1. ELIGIBILITY

Each member of the Board of Directors of the Company elected or appointed to the Board who is not otherwise an employee or officer of the Company or any Related Company (an "Eligible Director") shall be eligible to receive the grant of Options set forth in the Program, subject to the terms of the Program.

SECTION 2. OPTION GRANTS

2.1Option Grant Types and Timing of Grants

(a)Initial Option Grants. Upon an Eligible Director's initial election or appointment to the Board as an Eligible Director, he or she shall automatically be granted a Nonqualified Stock Option to purchase a number of shares of Common Stock equal to the number of shares that would be subject to a nonqualified stock option with a fair value of $200,000 (calculated using the Fair Market Value of the Company's common stock on the day before the Grant Date and the Company's standard stock option valuation methodology for stock options granted to a member of the Board of Directors for financial accounting purposes), with any fractional share rounded to the nearest whole share (the "Initial Option Grant"); provided, however, that a director who is also an employee of the Company or a Related Company but who subsequently ceases such employment status but remains a director shall not be eligible for an Initial Option Grant.

(b)Annual Option Grants

(i)Immediately after the 2014 Annual Meeting of Stockholders and at each Annual Meeting of Stockholders thereafter, each Eligible Director, other than an Eligible Director who acts as the Chairman of the Board, who was an Eligible Director from the date of the previous Annual Meeting of Stockholders through the date of the current Annual Meeting of Stockholders shall automatically be granted a Nonqualified Stock Option to purchase a number of shares of Common Stock equal to the number of shares that would be subject to a nonqualified stock option with a fair value of $100,000 (calculated using the Fair Market Value of the Company's common stock on the day before the Grant Date and the Company's standard stock option valuation methodology for stock options granted to a member of the Board of Directors for financial accounting purposes), with any fractional share rounded to the nearest whole share (the "Annual Option Grant").

(ii)Any individual, other than an Eligible Director who acts as the Chairman of the Board, who initially becomes an Eligible Director at any time other than the date of the Annual Meeting of Stockholders shall automatically be granted a pro-rated Annual Option Grant to purchase that number of shares of Common Stock obtained by multiplying the number of shares of Common Stock subject to the Annual Option Grant determined as set forth in subsection (i) above by a fraction, the numerator of which

is the difference obtained by subtracting from twelve the number of whole calendar months that elapse from the date such person first becomes an Eligible Director through the date of the Annual Meeting of Stockholders immediately following the date he or she first becomes an Eligible Director and the denominator of which is twelve.

(c)Annual Chairman Grants.

(i)Immediately after the 2014 Annual Meeting of Stockholders and at each Annual Meeting of Stockholders thereafter, each Eligible Director who acts as the Chairman of the Board shall automatically be granted a Nonqualified Stock Option to purchase a number of shares of Common Stock equal to the number of shares that would be subject to a nonqualified stock option with a fair value of $115,000 (calculated using the Fair Market Value of the Company's common stock on the day before the Grant Date and the Company's standard stock option valuation methodology for stock options granted to a member of the Board of Directors for financial accounting purposes), with any fractional share rounded to the nearest whole share, if immediately after such meeting, the Eligible Director continues to serve as the Chairman of the Board (the "Annual Chairman Grant").

(ii)Any Eligible Director who acts as the Chairman of the Board, who initially becomes an Eligible Director at any time other than the date of the Annual Meeting of Stockholders shall automatically be granted a pro-rated Annual Chairman Grant to purchase that number of shares of Common Stock obtained by multiplying the number of shares of Common Stock subject to the Annual Chairman Grant determined as set forth in subsection (i) above by a fraction, the numerator of which is the difference obtained by subtracting from twelve the number of whole calendar months that elapse from the date such person first becomes an Eligible Director through the date of the Annual Meeting of Stockholders immediately following the date he or she first becomes an Eligible Director and the denominator of which is twelve.

2.2Exercise Price of Options

Options shall be granted under the Program with a per share exercise price equal to 100% of the Fair Market Value of the Common Stock on the Grant Date.

2.3Option Vesting

(a)Initial Option Grants.Each Initial Option Grant shall each vest and become exercisable with respect to 28% of the Option one year after the Grant Date and as to an additional 2% of the Option each calendar month thereafter so that the Option is fully vested and exercisable four years after the Grant Date, subject to the Participant remaining a director through each applicable vesting date.

(b)Annual Option Grants and Annual Chairman Grants. Each Annual Option Grant and Annual Chairman Grant shall vest and become exercisable on the Grant Date.

2.4Term of Options

Initial Option Grants, Annual Option Grants and Annual Chairman Grants shall have an Option Expiration Date of ten years from the Grant Date, subject to earlier termination as follows:

(a)General Rule.In the event of a Participant's Termination of Service for any reason other than Disability, Retirement or death, the unvested portion of each Option granted to the Eligible Director

under the Program shall terminate immediately, and the vested portion of each Option may be exercised by the Participant only until the earlier of (i) 90 days after the date of such Termination of Service and (ii) the Option Expiration Date.

(b)Disability or Retirement. In the event of a Participant's Termination of Service due to Disability or Retirement, the unvested portion of each Option granted to the Eligible Director under the Program shall terminate immediately, and the vested portion of each Option may be exercised by the Participant until the Option Expiration Date.

(c)Death.In the event of a Participant's Termination of Service due to death, the unvested portion of each Option granted to the Eligible Director under the Program shall terminate immediately and the vested portion of each Option must be exercised on or before the earlier of (i) one year after the date of such termination and (ii) the Option Expiration Date. If a Participant dies after a Termination of Service without Cause but while the Option is still exercisable, the vested portion of the Option may be exercised until the earlier of (x) one year after the date of death and (y) the Option Expiration Date.

"Retirement," for purposes of the Program, means a Participant's Termination of Service when any of the following are true: (i) the Participant is at least 55 years old and has completed at least seven years of service to the Company or a Related Company, including as an employee, consultant or director, (ii) the Participant is at least 63 years old or (iii) the Participant's age when added to the number of years of service to the Company or a Related Company, including as an employee, consultant or director, equals or exceeds 70.

2.5Payment of Exercise Price

Options granted under the Program shall be exercised by giving notice to the Company (or a brokerage firm designated or approved by the Company) in such form as required by the Company, stating the number of shares of Common Stock with respect to which the Option is being exercised, accompanied by payment in full for such Common Stock, which payment may be, to the extent permitted by applicable laws and regulations, in whole or in part:

(a) in cash or by check or wire transfer;

(b) by having the Company withhold shares of Common Stock that would otherwise be issued on exercise of the Option that have an aggregate Fair Market Value equal to the aggregate exercise price of the shares being purchased under the Option;

(c) by tendering (either actually or by attestation) shares of Common Stock owned by the Participant that have an aggregate Fair Market Value equal to the aggregate exercise price of the shares being purchased under the Option; or

(d) if and so long as the Common Stock is registered under the Exchange Act, by delivery of a properly executed exercise notice, together with irrevocable instructions to a broker, to promptly deliver to the Company the amount of proceeds to pay the exercise price, all in accordance with the regulations of the Federal Reserve Board.

SECTION 3. CHANGE IN CONTROL

In the event of a Change in Control, all Options granted under the Program shall become fully vested and exercisable immediately prior to the Change in Control and shall terminate at the effective time of the Change in Control if not exercised prior to such time.

SECTION 4. AMENDMENT, SUSPENSION OR TERMINATION

The Board may amend, suspend or terminate the Program or any portion of it at any time and in such respects as it deems advisable. Except as provided in the Plan, any such amendment, suspension or termination shall not, without the consent of the Participant, impair or diminish any rights of a Participant under an outstanding Option.

SECTION 5. EFFECTIVE DATE

The Program shall become effective on the Effective Date of the Plan, and any amendment to this Program shall become effective on the date specified by the Board.

Provisions of the Plan (including any amendments) that are not discussed above, to the extent applicable to Eligible Directors, shall continue to govern the terms and conditions of Options granted to Eligible Directors.

EX-31.1

CERTIFICATION

I, Ralph G. Quinsey, certify that:

1. I have reviewed this quarterly report on Form 10-Q of TriQuint Semiconductor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ RALPH G. QUINSEY

Ralph G. Quinsey

President and Chief Executive Officer

(Principal Executive Officer)

Date: August 7, 2013

EX-31.2

CERTIFICATION

I, Steve Buhaly, certify that:

1. I have reviewed this quarterly report on Form 10-Q of TriQuint Semiconductor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ STEVE BUHALY

Steve Buhaly

Vice President of Finance,

Secretary and Chief Financial Officer

(Principal Financial and Accounting Officer)

Date: August 7, 2013

EX-32

CERTIFICATION PURSUANT TO SECTION

1350 OF CHAPTER 63 OF TITLE 18

OF THE UNITED STATES CODE AS

ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing of the Quarterly Report on Form 10-Q of TriQuint Semiconductor, Inc. (“TriQuint”) for the quarterly period ended June 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (“the Report”), each of the undersigned officers of TriQuint, hereby certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of TriQuint.

The undersigned have executed this Certification effective as of August 7, 2013.

/s/ RALPH G. QUINSEY

Ralph G. Quinsey

President and Chief Executive Officer

(Principal Executive Officer)

/s/ STEVE BUHALY

Steve Buhaly

Vice President of Finance,

Secretary and Chief Financial Officer

(Principal Financial and Accounting Officer)

XML

Commitments and Contingencies

6 Months Ended

Jun. 29, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Legal Matters

The Company is from time to time involved in litigation, certain other claims and arbitration matters arising in the ordinary course of its business. The Company accrues for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.  Significant judgment is required in both the determination of the probability of a loss and the determination as to whether a loss is reasonably estimable. These accruals are reviewed at least quarterly and adjusted to reflect the effects of negotiations, settlements, rulings, advice of legal counsel and technical experts and other information and events pertaining to a particular matter.  To the extent there is a reasonable possibility (within the meaning of ASC 450) that losses could exceed amounts already accrued, if any, and the additional loss or range of loss is able to be estimated, management discloses the additional loss or range of loss.

In some instances, the Company is unable to reasonably estimate any potential loss or range of loss. The nature and progression of litigation can make it difficult to predict the impact a particular lawsuit will have on the Company.  There are many reasons that the Company cannot make these assessments, including, among others, one or more of the following:  the early stages of a proceeding; damages sought that are unspecified, unsupportable, unexplained or uncertain; discovery not having been started or incomplete; the complexity of the facts that are in dispute; the difficulty of assessing novel claims; the parties not having engaged in any meaningful settlement discussions; the possibility that other parties may share in any ultimate liability; and/or the often slow pace of litigation.

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $)	Jun. 29, 2013	Dec. 31, 2012
Preferred stock, par value (dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (dollars per share)	$ 1	$ 1
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	155,806,000	160,611,000
Common stock, shares outstanding	155,806,000	160,611,000

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Net Loss Per Share

6 Months Ended

Jun. 29, 2013

Earnings Per Share [Abstract]

Net loss per common share:

Net Loss Per Share

Basic net loss per share and diluted net loss per share are calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Dilutive securities include options granted pursuant to the Company’s stock option plans, potential shares related to Market-Based Restricted Stock Units ("MSUs") and potential shares related to the Company’s Employee Stock Purchase Plan ("ESPP").

For the three and six months ended June 29, 2013 and June 30, 2012, all outstanding options and potential shares related to MSUs and the ESPP were excluded from the calculation as their effect would have been antidilutive.

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 29, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	June 29, 2013			December 31, 2012
Land	$	19,704		$	19,691
Buildings	94,779			94,766
Building and leasehold improvements	31,818			31,012
Machinery and equipment	706,747			664,737
Furniture and fixtures	7,006			6,915
Computer equipment and software	48,443			46,930
Assets in process	78,431			59,561
Total property, plant and equipment, gross	986,928			923,612
Accumulated depreciation	(518,236		)	(474,871		)
Total property, plant and equipment, net	$	468,692		$	448,741

Schedule of Depreciation Expense

The Company reported depreciation expense as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Depreciation expense	$	24,635	$	21,237	$	48,497	$	41,651

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Investment in CyOptics, Inc.

6 Months Ended

Jun. 29, 2013

Cost-method Investments, Realized Gain (Loss), Alternative [Abstract]

Investment in CyOptics, Inc.

Investment in CyOptics, Inc.

In previous years, the Company made a number of investments in small, privately held technology companies in which the Company has held less than 20% of the capital stock or held notes receivable. As a result of the sale of the Company's former optoelectronics operations, the Company received as partial consideration $4,500 of preferred stock and an unsecured promissory note from CyOptics Inc. ("CyOptics") for $5,633. In years prior to 2012, the carrying amount of the CyOptics investment was fully impaired and written down to $0. During the six months ended June 30, 2012, the remaining amount due on the promissory note was settled in full and the preferred stock was sold in exchange for an initial liquidation payment of $6,957 and an escrow holdback contingent upon certain conditions. The initial liquidation payment was received in cash in March, 2012. The final liquidation payment of $421 from the escrow holdback account was received in cash in May, 2013. Both of the liquidation transactions were recorded as a gain/recovery of investment in the statement of operations and in the operating activities section of the statement of cash flows. The cash proceeds from both of the payments were included in the investing activities section of the statement of cash flows.

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Stock-Based Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Stock-Based Compensation Expense Allocation [Line Items]
Stock-based Compensation Expense	$ 7,193	$ 7,558	$ 14,216	$ 14,255
Cost of Goods Sold [Member]
Stock-Based Compensation Expense Allocation [Line Items]
Stock-based Compensation Expense	1,570	1,823	3,606	3,929
Research and Development Expense [Member]
Stock-Based Compensation Expense Allocation [Line Items]
Stock-based Compensation Expense	2,621	2,430	5,095	4,688
Selling, General And Administrative [Member]
Stock-Based Compensation Expense Allocation [Line Items]
Stock-based Compensation Expense	$ 3,002	$ 3,305	$ 5,515	$ 5,638

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Income Taxes (Tables)

6 Months Ended

Jun. 29, 2013

Income Tax Disclosure [Abstract]

Schedule of Unrecognized Tax Benefits

Net unrecognized tax benefits at June 29, 2013 and December 31, 2012 were as follows:

	June 29, 2013		December 31, 2012
Net unrecognized tax benefits	$	3,598	$	2,809

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 29, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-Based Compensation

The table below summarizes the stock-based compensation expense for the three and six months ended June 29, 2013 and June 30, 2012:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Stock-based compensation expense:
Cost of goods sold	$	1,570	$	1,823	$	3,606	$	3,929
Research, development and engineering	2,621		2,430		5,095		4,688
Selling, general and administrative	3,002		3,305		5,515		5,638
Total stock-based compensation expense included in loss from operations	$	7,193	$	7,558	$	14,216	$	14,255

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the Company’s stock option transactions for the six months ended June 29, 2013:

	Six Months Ended
	June 29, 2013
	Shares		Weighted-average exercise price per share
Outstanding at December 31, 2012	33,241		$	6.56
Granted	6,692		5.78
Exercised	(992	)	3.85
Forfeited	(815	)	7.31
Outstanding at June 29, 2013	38,126		$	6.47

Schedule of Share-based Payment Award, Stock Options and Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The following table summarizes the average estimates the Company used in the Black-Scholes option-pricing model during the three and six months ended June 29, 2013 and June 30, 2012, to determine the fair value of employee stock options granted during each period:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Risk free interest rates	0.9	%	0.9	%	0.9	%	1.0	%
Expected life in years	5.00 years		5.00 years		5.00 years		5.00 years
Expected dividend yield	—	%	—	%	—	%	—	%
Expected volatility	64.0	%	63.6	%	64.0	%	63.4	%
Estimated annualized forfeiture rate	4.9	%	5.6	%	4.9	%	5.6	%

Schedule of assumptions used in monte-carlo simulation model [Table Text Block]

Key assumptions for the Monte-Carlo simulation model were as follows:

	Three Months Ended			Six Months Ended
	June 29, 2013		June 30, 2012	June 29, 2013		June 30, 2012
Risk free interest rates	0.4	%	—	0.4	%	—
Expected dividend yield	—		—	—		—
Expected volatility	56.2	%	—	56.2	%	—
Correlation coefficient to SPDR	0.59		—	0.59		—

Stock-Based Compensation by Payment Award

In the following table, MSU activity during the six months ended June 29, 2013 is presented at 100 percent of the target number of shares of common stock that may potentially be awarded:

	Six Months Ended
	June 29, 2013
	Shares	Weighted-average grant date fair value
Outstanding at December 31, 2012	—	$	—
Granted	199	7.45
Outstanding at June 29, 2013	199	$	7.45

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]

The table below summarizes the ESPP common stock purchases for the three and six months ended June 29, 2013 and June 30, 2012.

	Three Months Ended		Six Months Ended
	June 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Shares purchased	1,872	1,770	1,872	1,770

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Selected Financial Statement Information (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2013	Dec. 31, 2012
Accounts Receivable, Net [Abstract]
Accounts Receivable, Gross, Current	$ 99,358	$ 132,782
Allowance for Doubtful Accounts Receivable, Current	12	53
Accounts Receivable, Net, Current	99,346	132,729
Employee-related Liabilities, Current [Abstract]
Accrued payroll and taxes	11,205	11,234
Accrued paid time off and sabbatical	17,829	14,979
Accrued management incentive program	4,162	2,437
Self-insurance liability	2,418	2,168
ESPP Withholdings	2,502	2,436
Accrued payroll	38,116	33,254
Inventory, Net [Abstract]
Inventory, Raw Materials, Net of Reserves	33,124	26,798
Inventory, Work in Process, Net of Reserves	97,780	72,393
Inventory, Finished Goods, Net of Reserves	39,774	39,055
Inventory, Net	170,678	138,246
Other Assets, Current [Abstract]
Precious metals reclaim	32,136	39,472
Other	7,773	8,910
Other Assets, Current	$ 39,909	$ 48,382

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Stock-Based Compensation Stock-Based Compensation - Market-Based Restricted Stock Units (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 29, 2013	Dec. 31, 2012	Jun. 29, 2013 Stock Options [Member]	Jun. 30, 2012 Stock Options [Member]	Jun. 29, 2013 Stock Options [Member]	Jun. 30, 2012 Stock Options [Member]	Jun. 29, 2013 Market-based restricted stock units	Jun. 30, 2012 Market-based restricted stock units	Jun. 29, 2013 Market-based restricted stock units	Jun. 30, 2012 Market-based restricted stock units	Jun. 29, 2013 Market-based restricted stock units Minimum [Member]	Jun. 29, 2013 Market-based restricted stock units Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share based payment award, percentage of target shares awarded											0.00%	150.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.90%	0.90%	0.90%	1.00%	0.40%	0.00%	0.40%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			64.00%	63.60%	64.00%	63.40%	56.20%	0.00%	56.20%	0.00%
TQNT correlation coefficient to SPDR							59.00%	0.00%	59.00%	0.00%
Share-based compensation arrangement by share based payment award, percentage of target shares presented									100.00%
Share-based compensation arrangement by share based payment award, maximum potential shares	299
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	199	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	199
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 7.45	$ 0.00
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 7.45

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Investments in Cash Equivalents and Marketable Securities (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 29, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 28,339	$ 75,857
Available For Sale Securities Net Unrealized Gains	0	0
Available For Sale Securities Net Unrealized Losses	(5)	(3)
Available-for-sale Securities	28,334	75,854
Maximum Term Of Available For Sale Securities	1 year	1 year
Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount	0
Cash Equivalents [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,695
Available For Sale Securities Net Unrealized Gains	0
Available For Sale Securities Net Unrealized Losses	0
Available-for-sale Securities	1,695
Cash Equivalents [Member] | Money Market Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	11,854	53,549
Available For Sale Securities Net Unrealized Gains	0	0
Available For Sale Securities Net Unrealized Losses	0	0
Available-for-sale Securities	11,854	53,549
Short Term Marketable Securities [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	5,012	14,933
Available For Sale Securities Net Unrealized Gains	0	0
Available For Sale Securities Net Unrealized Losses	(3)	(3)
Available-for-sale Securities	5,009	14,930
Short Term Marketable Securities [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	5,705	1,065
Available For Sale Securities Net Unrealized Gains	0	0
Available For Sale Securities Net Unrealized Losses	(1)	0
Available-for-sale Securities	5,704	1,065
Short Term Marketable Securities [Member] | Municipal Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	555
Available For Sale Securities Net Unrealized Gains	0
Available For Sale Securities Net Unrealized Losses	(1)
Available-for-sale Securities	554
Short Term Marketable Securities [Member] | US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,518	4,510
Available For Sale Securities Net Unrealized Gains	0	0
Available For Sale Securities Net Unrealized Losses	0	0
Available-for-sale Securities	3,518	4,510
Short Term Marketable Securities [Member] | Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		1,800
Available For Sale Securities Net Unrealized Gains		0
Available For Sale Securities Net Unrealized Losses		0
Available-for-sale Securities		$ 1,800

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Investment in CyOptics, Inc. Investment in CyOptics (Details) (USD $) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended		6 Months Ended
	May 11, 2005	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012	Dec. 31, 2011
Cost-method Investments, Realized Gain (Loss), Alternative [Abstract]
Consideration in preferred stock received	$ 4,500
Receipt of unsecured promissory note	5,633
Cost Method Investments						0
Gain/recovery of investment		$ 421	$ 4	$ 421	$ 6,957

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Goodwill and Other Acquisition-Related Intangible Assets (Tables)

6 Months Ended

Jun. 29, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Information regarding the Company’s acquisition-related intangible assets is as follows:

		June 29, 2013							December 31, 2012
	Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Goodwill		$	4,391	$	—		$	4,391	$	4,391	$	—		$	4,391
Amortizing intangible assets
In process research and development	3 - 5	1,779		(868		)	911		1,779		(658		)	1,121
Patents, trademarks and other	4 - 15	55,743		(37,873		)	17,870		55,743		(34,551		)	21,192
		57,522		(38,741		)	18,781		57,522		(35,209		)	22,313
Non-amortizing intangible assets
In process research and development		850		—			850		850		—			850
Total intangible assets		58,372		(38,741		)	19,631		58,372		(35,209		)	23,163
Total goodwill and intangible assets		$	62,763	$	(38,741	)	$	24,022	$	62,763	$	(35,209	)	$	27,554

Schedule of Intangible Asset Amortization

Amortization expense related to intangible assets is as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Amortization expense	$	1,766	$	1,593	$	3,532	$	3,156

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Basis of Presentation

6 Months Ended

Jun. 29, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed, or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In addition, the preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. For TriQuint Semiconductor, Inc. (the “Company”), the accounting estimates requiring management’s most difficult and subjective judgments include revenue recognition, the valuation of inventory, the accounting for income taxes, precious metals reclaim and stock-based compensation. Certain reclassifications have been made to prior year balances in order to conform to the current year presentation. In the opinion of management, the condensed consolidated financial statements include all material adjustments, consisting only of normal, recurring adjustments, necessary for the fair presentation of the results of the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the audited financial statements of the Company as of and for the fiscal year ended December 31, 2012, included in the Company’s 2012 Annual Report on Form 10-K filed with the SEC on February 26, 2013.

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Recent Accounting Pronouncements

6 Months Ended

Jun. 29, 2013

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In July 2013, the FASB's Emerging Issues Task Force ("EITF") reached final consensus with regard to the "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." The update is intended to eliminate diversity in practice in the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. Current GAAP does not include explicit guidance on this topic. The main provisions of the update provide that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. An exception exists if such deferred tax asset is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from a disallowance of a tax position or if the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. In such cases the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update will be applied prospectively. The update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this standard will have no net effect on the Company's financial position, results of operations or cash flows. However, once adopted, the standard may change the presentation of unrecognized tax benefits and deferred tax assets in the balance sheet and the income taxes section of the notes to the financial statements.

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Selected Financial Statement Information

6 Months Ended

Jun. 29, 2013

Selected Financial Statement Information [Abstract]

Selected Financial Statement Information [Text Block]

	June 29, 2013			December 31, 2012
Accounts receivable, net:
Trade accounts receivable	$	99,358		$	132,782
Allowance for doubtful accounts	(12		)	(53		)
	$	99,346		$	132,729
Inventories:
Raw materials	$	33,124		$	26,798
Work-in-process	97,780			72,393
Finished goods	39,774			39,055
	$	170,678		$	138,246
Other current assets:
Precious metals reclaim	$	32,136		$	39,472
Other	7,773			8,910
	$	39,909		$	48,382
Accrued payroll:
Accrued payroll and taxes	$	11,205		$	11,234
Accrued paid time off and sabbatical	17,829			14,979
Accrued management incentive program	4,162			2,437
Self-insurance liability	2,418			2,168
ESPP Withholdings	2,502			2,436
	$	38,116		$	33,254

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Investments in Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 29, 2013

Investments, Debt and Equity Securities [Abstract]

Investments in Cash Equivalents and Marketable Securities

Investments in Cash Equivalents and Marketable Securities

As of June 29, 2013 and December 31, 2012 all short-term investments were classified as available-for-sale and have maturity dates of less than one year. All unrealized gains and losses on available-for-sale investments are included in other comprehensive loss. The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at June 29, 2013 consisted of the following:

At June 29, 2013	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Corporate debt securities	$	1,695	$	—	$	—		$	1,695
Money market funds and other	11,854		—		—			11,854
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	3,518		—		—			3,518
U.S. government-sponsored enterprise securities	5,705		—		(1		)	5,704
Municipal notes	555		—		(1		)	554
Corporate debt securities	5,012		—		(3		)	5,009
	$	28,339	$	—	$	(5	)	$	28,334

The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at December 31, 2012 consisted of the following:

At December 31, 2012	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Money market funds and other	$	53,549	$	—	$	—		$	53,549
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	4,510		—		—			4,510
U.S. government-sponsored enterprise securities	1,065		—		—			1,065
Corporate debt securities	14,933		—		(3		)	14,930
Certificates of deposit	1,800		—		—			1,800
	$	75,857	$	—	$	(3	)	$	75,854

Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. The Company employs a methodology that reviews specific securities in evaluating potential impairment of its investments. In the event that the cost of an investment exceeds its fair value, the Company evaluates, among other factors, the Company’s intent and ability to hold the investment and extent to which the fair value is less than cost; the financial health of and business outlook for the issuer; and operating and financing cash flow factors. During the six months ended June 29, 2013 the Company did not record any other-than-temporary impairments on its investments in cash equivalents or marketable securities.

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Stock-Based Compensation - Employee Stock Purchase Program (Details) (Employee Stock Purchase Plan [Member])	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Employee Stock Purchase Plan [Member]
Employee Stock Purchase Plan [Abstract]
Shares purchased	1,872,000	1,770,000	1,872,000	1,770,000

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Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2013	Dec. 31, 2012
Assets:
Cash	$ 60,994	$ 63,104
Cash equivalents	13,549	53,549
Short-term—marketable securities	14,785	22,305
Non-qualified deferred compensation plan	5,296	4,591
Total	94,624	143,549
Short-term—marketable securities	28,334	75,854
Liabilities:
Earnout and milestone payment liability	3,822	5,457
Non-qualified deferred compensation plan	5,296	4,591
Total	9,118	10,048
Level 1 | Fair Value, Measurements, Recurring [Member]
Assets:
Cash	0	0
Cash equivalents	11,854	53,549
Short-term—marketable securities	3,518	4,510
Non-qualified deferred compensation plan	5,296	4,591
Total	20,668	62,650
Liabilities:
Earnout payment liability	0	0
Non-qualified deferred compensation plan	5,296	4,591
Total	5,296	4,591
Level 2 | Fair Value, Measurements, Recurring [Member]
Assets:
Cash	0	0
Cash equivalents	1,695	0
Short-term—marketable securities	11,267	17,795
Non-qualified deferred compensation plan	0	0
Total	12,962	17,795
Liabilities:
Earnout payment liability	0	0
Non-qualified deferred compensation plan	0	0
Total	0	0
Level 3 | Fair Value, Measurements, Recurring [Member]
Assets:
Cash		0
Cash equivalents	0	0
Short-term—marketable securities	0	0
Non-qualified deferred compensation plan	0	0
Total	0	0
Liabilities:
Earnout payment liability	3,822	5,457
Non-qualified deferred compensation plan	0	0
Total	3,822	5,457
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Cash	60,994	63,104
Cash equivalents	13,549	53,549
Short-term—marketable securities	14,785	22,305
Non-qualified deferred compensation plan	5,296	4,591
Total	94,624	143,549
Liabilities:
Earnout payment liability	3,822	5,457
Non-qualified deferred compensation plan	5,296	4,591
Total	$ 9,118	$ 10,048

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Net Loss Per Share (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Earnings Per Share Reconciliation [Abstract]
Net loss	$ (14,885)	$ (13,050)	$ (42,834)	$ (11,167)
Shares for net income (loss) per share:
Weighted-average shares outstanding—Basic	159,347	165,355	160,044	165,796
Weighted-average shares outstanding—Diluted	159,347	165,355	160,044	165,796

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Credit Facility (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Dec. 31, 2012
Line of Credit Facility [Line Items]
Credit facility borrowing	$ 20,000		$ 0
Borrowing on credit facility	20,000	0
Lenders Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date	Sep. 30, 2014
Line of Credit Facility, Maximum Borrowing Capacity	200,000
Line of Credit Facility, Covenant Terms	The Agreement requires the Company to maintain ratios defined in the Agreement, which include a consolidated total leverage ratio as of the end of any fiscal quarter not in excess of 2.50 to 1.00, a consolidated liquidity ratio of at least 1.25 to 1.00 and a consolidated interest coverage ratio at a minimum of 3.00 to 1.00.
Line of Credit Facility, Maximum Total Leverage Ratio Allowed	2.50
Line of Credit Facility, Minimum Consolidated Liquidity Ratio Required	1.25
Line of Credit Facility, Minimum Consolidated Interest Coverage Ratio Required	3.00
Credit facility borrowing	20,000		0
Borrowing on credit facility	20,000
Interest Cost	$ 3	$ 0
Eurodollar Rate Loan [Member]
Line of Credit Facility [Line Items]
Line of Credit Interest Rate Floor	2.50%
Line of Credit Interest Rate Cap	3.00%
Base Rate Loan [Member]
Line of Credit Facility [Line Items]
Line of Credit Interest Rate Floor	1.50%
Line of Credit Interest Rate Cap	2.00%
Bank of America Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description	The Applicable Rate for Eurodollar Rate loans is based on the Company’s consolidated total leverage ratio (as defined in the Agreement) and is subject to a floor of 2.50% per annum and a cap of 3.00% per annum. Base Rate loans bear interest at a rate equal to the higher of the federal funds rate plus 0.50%, the prime rate of Bank of America, N.A. plus the Applicable Rate or the Eurodollar Base Rate plus 1.0%. The Applicable Rate for Base Rate loans is subject to a floor of 1.50% per annum and a cap of 2.00% per annum.
Federal Funds Rate [Member] | Base Rate Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Eurodollar Rate [Member] | Base Rate Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 29, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 74,543	$ 116,653
Investments in marketable securities	14,785	22,305
Accounts receivable, net	99,346	132,729
Inventories	170,678	138,246
Prepaid expenses	11,371	8,938
Deferred tax assets, net	13,586	12,530
Other current assets	39,909	48,382
Total current assets	424,218	479,783
Property, plant and equipment, net	468,692	448,741
Goodwill	4,391	4,391
Intangible assets, net	19,631	23,163
Deferred tax assets – noncurrent, net	67,374	57,185
Other noncurrent assets, net	32,796	40,415
Total assets	1,017,102	1,053,678
Current liabilities:
Credit facility borrowing	20,000	0
Accounts payable	73,774	65,388
Accrued payroll	38,116	33,254
Other accrued liabilities	13,000	15,132
Total current liabilities	144,890	113,774
Long-term liabilities:
Long-term income tax liability	3,598	2,809
Cross-licensing liability	12,297	12,818
Other long-term liabilities	16,090	15,878
Total liabilities	176,875	145,279
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred Stock, $0.001 par value, 5,000 shares authorized, no shares issued	0	0
Common stock, $0.001 par value, 600,000 shares authorized, 155,806 and 160,611 shares issued and outstanding at June 29, 2013 and December 31, 2012, respectively	156	161
Additional paid-in capital	650,872	676,203
Accumulated other comprehensive loss	(368)	(366)
Retained earnings	189,567	232,401
Total stockholders’ equity	840,227	908,399
Total liabilities and stockholders’ equity	$ 1,017,102	$ 1,053,678

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Credit Facility

6 Months Ended

Jun. 29, 2013

Line of Credit Facility [Abstract]

Credit Facility

On September 30, 2010, the Company, the domestic subsidiaries of the Company (the “Guarantors”), Bank of America, N.A., as administrative agent and lender, and Union Bank, N.A., Wells Fargo Bank, N.A., Bank of the West, BBVA Compass Bank and US Bank, as lenders (together with the administrative agent, the “Lenders”), entered into a Credit Agreement (the “Agreement”). The Agreement provides the Company with a three-year unsecured revolving syndicated credit facility of $200,000 maturing on September 30, 2013. On August 24, 2011, the Company extended, with Lender's consent, the maturity date to September 30, 2014. The Company’s obligations under the Agreement are jointly and severally guaranteed by the Guarantors. Upon the occurrence of certain events of default specified in the Agreement, amounts due under the Agreement may be declared immediately due and payable.

The Company may elect to borrow at either a Eurodollar Rate or a Base Rate (each as defined in the Agreement). Eurodollar Rate loans bear interest at an amount equal to the sum of a rate per annum calculated from the British Bankers Association London Interbank Offered Rate ("LIBOR") plus a designated percentage per annum (the “Applicable Rate”). The Applicable Rate for Eurodollar Rate loans is based on the Company’s consolidated total leverage ratio (as defined in the Agreement) and is subject to a floor of 2.50% per annum and a cap of 3.00% per annum. Base Rate loans bear interest at a rate equal to the higher of the federal funds rate plus 0.50%, the prime rate of Bank of America, N.A. plus the Applicable Rate or the Eurodollar Base Rate plus 1.0%. The Applicable Rate for Base Rate loans is subject to a floor of 1.50% per annum and a cap of 2.00% per annum. The interest payment date (as defined in the Agreement) will vary based on the type of loan but generally will be quarterly. The Company paid commitment fees, an arrangement fee, upfront fees and a renewal fee pursuant to the terms of the Agreement. The Company will also pay a quarterly fee for any letters of credit issued under the Agreement. The initial fees associated with the Agreement were capitalized and are being amortized to interest expense using the straight-line method over the remaining term to maturity.

The Agreement contains non-financial covenants of the Company and the Guarantors, including restrictions on the ability to create, incur or assume liens and other debt, make certain investments, dispositions and restricted payments, change the nature of the business, and merge with other entities subject to certain caps as defined in the agreement. The Agreement requires the Company to maintain ratios defined in the Agreement, which include a consolidated total leverage ratio as of the end of any fiscal quarter not in excess of 2.50 to 1.00, a consolidated liquidity ratio of at least 1.25 to 1.00 and a consolidated interest coverage ratio at a minimum of 3.00 to 1.00. The Company was in compliance with these covenants as of June 29, 2013.

On June 27, 2013, the Company elected to borrow $20,000 under the Agreement, which bears interest at the Base Rate and represents the total amount of credit facility borrowing as of June 29, 2013. There were no borrowings under the Agreement outstanding as of December 31, 2012. During the three and six months ended June 29, 2013, interest cost of $3 was incurred on borrowings. No interest cost was incurred on borrowings during the three or six months ended June 30, 2012.

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net loss	$ (42,834)	$ (11,167)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	52,029	44,807
Stock-based compensation charges	14,216	14,255
Deferred income taxes	(11,245)	(12,628)
Gain/recovery of investment	(421)	(6,957)
Other	(1,722)	(875)
Changes in assets and liabilities:
Accounts receivable, net	33,383	30,736
Inventories	(32,044)	(2,612)
Other assets	21,913	(34,310)
Accounts payable and accrued expenses	(6,855)	17,836
Net cash provided by operating activities	26,420	39,085
Cash flows from investing activities:
Purchase of available-for-sale investments	(11,919)	(52,033)
Maturity/sale of available-for-sale investments	19,437	62,935
Proceeds from gain/recovery of investment in other companies	421	6,957
Other	686	138
Capital expenditures	(57,281)	(30,441)
Net cash used in investing activities	(48,656)	(12,444)
Cash flows from financing activities:
Borrowing on credit facility	20,000	0
Subscription/issuance of common stock, net	11,526	9,350
Repurchase of common stock	(51,125)	(25,000)
Excess tax benefit from stock-based compensation arrangements	(275)	0
Net cash used in financing activities	(19,874)	(15,650)
Net (decrease) increase in cash and cash equivalents	(42,110)	10,991
Cash and cash equivalents at beginning of period	116,653	116,305
Cash and cash equivalents at end of period	74,543	127,296
Supplemental disclosures:
Change in timing of payments related to capital expenditures	11,446	(2,277)
Cash paid for income taxes, net of cash refunds	$ 1,100	$ 184

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Revenue	$ 190,103	$ 178,002	$ 374,312	$ 394,732
Cost of goods sold	133,384	133,064	278,821	287,205
Gross profit	56,719	44,938	95,491	107,527
Operating expenses:
Research, development and engineering	47,107	38,084	93,178	75,158
Selling, general and administrative	25,989	31,270	53,230	60,356
Total operating expenses	73,096	69,354	146,408	135,514
Loss from operations	(16,377)	(24,416)	(50,917)	(27,987)
Other (expense) income:
Interest income	38	89	76	138
Interest expense	(1,137)	(313)	(2,276)	(663)
Gain/recovery of investment	421	4	421	6,957
Other, net	(85)	35	(394)	145
Total other (expense) income, net	(763)	(185)	(2,173)	6,577
Loss before income tax	(17,140)	(24,601)	(53,090)	(21,410)
Income tax benefit	(2,255)	(11,551)	(10,256)	(10,243)
Net loss	(14,885)	(13,050)	(42,834)	(11,167)
Net loss per common share:
Basic	$ (0.09)	$ (0.08)	$ (0.27)	$ (0.07)
Diluted	$ (0.09)	$ (0.08)	$ (0.27)	$ (0.07)
Common equivalent shares:
Basic	159,347	165,355	160,044	165,796
Diluted	159,347	165,355	160,044	165,796
Other comprehensive loss:
Net unrealized loss on available for sale investments	(4)	(2)	(2)	(2)
Comprehensive loss	$ (14,889)	$ (13,052)	$ (42,836)	$ (11,169)

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Fair Value of Financial Instruments - Earnout Payment Liability (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2013
Earnout and Milestone Payment Liability [Member]
Details of Level 3 fair value measurements
Ending earnout and milestone payment liability at December 31, 2012	$ 5,457
Accretion	975
Change in estimate	(2,610)
Ending earnout and milestone payment liability at June 29, 2013	3,822
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 | First 2012 Acquisition [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability	2,179
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 | Second 2012 Acquisition [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability	$ 1,643

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Selected Financial Statement Information (Tables)

6 Months Ended

Jun. 29, 2013

Selected Financial Statement Information [Abstract]

Selected Financial Statement Information [Table Text Block]

	June 29, 2013			December 31, 2012
Accounts receivable, net:
Trade accounts receivable	$	99,358		$	132,782
Allowance for doubtful accounts	(12		)	(53		)
	$	99,346		$	132,729
Inventories:
Raw materials	$	33,124		$	26,798
Work-in-process	97,780			72,393
Finished goods	39,774			39,055
	$	170,678		$	138,246
Other current assets:
Precious metals reclaim	$	32,136		$	39,472
Other	7,773			8,910
	$	39,909		$	48,382
Accrued payroll:
Accrued payroll and taxes	$	11,205		$	11,234
Accrued paid time off and sabbatical	17,829			14,979
Accrued management incentive program	4,162			2,437
Self-insurance liability	2,418			2,168
ESPP Withholdings	2,502			2,436
	$	38,116		$	33,254

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Stock Repurchase Program Stock Repurchase Program (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 29, 2013	Jun. 29, 2013	Jun. 30, 2012
Payments for Repurchase of Equity [Abstract]
Stock Repurchase Program, Authorized Amount	$ 75,000
Stock Repurchased During Period, Shares	7,670
Repurchase of common stock	$ 51,125	$ 51,125	$ 25,000

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Stock-Based Compensation - Option Transactions (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012
Options Outstanding [Roll Forward]
Options outstanding at the beginning of the period (shares)			33,241
Options outstanding at the beginning of the period (weighted-average exercise price per share)			$ 6.56
Options granted (shares)			6,692
Options granted (weighted-average exercise price per share)			$ 5.78
Options exercised (shares)			(992)
Options exercised (weighted-average exercise price per share)			$ 3.85
Options forfeited (shares)			(815)
Options forfeited (weighted-average exercise price per share)			$ 7.31
Options outstanding at the end of the period (shares)	38,126		38,126
Options outstanding at the end of the period (weighted-average exercise price per share)	$ 6.47		$ 6.47
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.90%	0.90%	0.90%	1.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years	5 years	5 years	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	64.00%	63.60%	64.00%	63.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected , Estimated Annualized Forfeiture Rate	4.90%	5.60%	4.90%	5.60%

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Property, Plant and Equipment Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 986,928		$ 986,928		$ 923,612
Accumulated depreciation	(518,236)		(518,236)		(474,871)
Total property, plant and equipment, net	468,692		468,692		448,741
Depreciation, Depletion and Amortization [Abstract]
Depreciation expense	24,635	21,237	48,497	41,651
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	19,704		19,704		19,691
Buildings
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	94,779		94,779		94,766
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	31,818		31,818		31,012
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	706,747		706,747		664,737
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	7,006		7,006		6,915
Computer equipment and software
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	48,443		48,443		46,930
Assets in process
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 78,431		$ 78,431		$ 59,561

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Goodwill and Other Acquisition-Related Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012	Dec. 31, 2012
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill, Impairment Loss			$ 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			0
Goodwill	4,391		4,391		4,391
Finite-Lived Intangible Assets, Gross	57,522		57,522		57,522
Finite-Lived Intangible Assets, Accumulated Amortization	(38,741)		(38,741)		(35,209)
Finite-Lived Intangible Assets, Net	18,781		18,781		22,313
Intangible Assets Finite and Indefinite Lived, Gross (Excluding Goodwill)	58,372		58,372		58,372
Intangible Assets, Net (Excluding Goodwill)	19,631		19,631		23,163
Intangible Assets Gross Including Goodwill	62,763		62,763		62,763
Intangible Assets Net Including Goodwill	24,022		24,022		27,554
Amortization of Intangible Assets	1,766	1,593	3,532	3,156
Change in Gross Goodwill and Intangible Assets			0
In Process Research And Development Non Amortizing [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets, Gross (Excluding Goodwill)	850		850		850
Indefinite-lived Intangible Assets	850		850		850
In Process Research and Development [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,779		1,779		1,779
Finite-Lived Intangible Assets, Accumulated Amortization	(868)		(868)		(658)
Finite-Lived Intangible Assets, Net	911		911		1,121
Patents Trademarks And Other [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	55,743		55,743		55,743
Finite-Lived Intangible Assets, Accumulated Amortization	(37,873)		(37,873)		(34,551)
Finite-Lived Intangible Assets, Net	$ 17,870		$ 17,870		$ 21,192
Minimum [Member] | In Process Research and Development [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life (years)			3 years
Minimum [Member] | Patents Trademarks And Other [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life (years)			4 years
Maximum [Member] | In Process Research and Development [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life (years)			5 years
Maximum [Member] | Patents Trademarks And Other [Member]
Goodwill And Finite And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life (years)			15 years

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Goodwill and Other Acquisition-Related Intangible Assets

6 Months Ended

Jun. 29, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Acquisition-Related Intangibles

Goodwill and Other Acquisition-Related Intangible Assets

The Company is required to perform an impairment analysis on its goodwill at least annually, or when events and circumstances warrant. Conditions that would trigger an impairment assessment, include, but are not limited to, a significant adverse change in legal factors or in the business climate that could affect the value of an asset or an adverse action or assessment by a regulator. The Company is considered one reporting unit. When the Company performed this test in 2012, the Company elected to use the two-step goodwill impairment test. Therefore, to determine whether goodwill may be impaired, the Company compares its book value to its market capitalization. If the trading price of the Company’s common stock, as adjusted for factors such as a control premium, is below the book value per share at the date of the annual impairment test or if the average trading price of the Company’s common stock is below book value per share for a sustained period, a goodwill impairment test will be performed by comparing book value to estimated market value. If the comparison of book value to estimated market value indicates impairment, then the Company compares the implied fair value of goodwill to its carrying amount in a manner similar to a purchase price allocation for a business combination. If the carrying amount of goodwill exceeds its implied fair value, an impairment loss is recognized equal to that excess.

Unless indicators warrant testing at an earlier date, the Company performs its annual goodwill impairment test in the fourth quarter of each year. During the six months ended June 29, 2013, there were no impairments recorded or impairment indicators present.

Information regarding the Company’s acquisition-related intangible assets is as follows:

		June 29, 2013							December 31, 2012
	Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Goodwill		$	4,391	$	—		$	4,391	$	4,391	$	—		$	4,391
Amortizing intangible assets
In process research and development	3 - 5	1,779		(868		)	911		1,779		(658		)	1,121
Patents, trademarks and other	4 - 15	55,743		(37,873		)	17,870		55,743		(34,551		)	21,192
		57,522		(38,741		)	18,781		57,522		(35,209		)	22,313
Non-amortizing intangible assets
In process research and development		850		—			850		850		—			850
Total intangible assets		58,372		(38,741		)	19,631		58,372		(35,209		)	23,163
Total goodwill and intangible assets		$	62,763	$	(38,741	)	$	24,022	$	62,763	$	(35,209	)	$	27,554

Amortization expense related to intangible assets is as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Amortization expense	$	1,766	$	1,593	$	3,532	$	3,156

There were no changes to the gross carrying amount of goodwill or intangible assets during the six months ended June 29, 2013.

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Fair Value of Financial Instruments - Cross Licensing Liability (Details) (Level 3, Fair Value, Measurements, Nonrecurring [Member], Estimate of Fair Value, Fair Value Disclosure [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2013
Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Incremental borrowing rate	9.00%
Cross-licensing liability	$ 15,297
Cross-licensing Liability, Fair Value Disclosure, Current Portion	$ 3,000

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Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2013	Jun. 30, 2012	Jun. 29, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Income tax benefit	$ (2,255)	$ (11,551)	$ (10,256)	$ (10,243)
Deferred Tax Assets, Tax Credit Carryforwards, Research	4,045		4,045
Undistributed Earnings of Foreign Subsidiiaries	110,064		110,064
Deferred Tax Assets, Net	80,960		80,960		69,715
Deferred Tax Assets, Valuation Allowance	15,012		15,012		14,518
Unrecognized Tax Benefits, Period Increase (Decrease)			789
Net unrecognized tax benefits	$ 3,598		$ 3,598		$ 2,809

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Income Taxes

6 Months Ended

Jun. 29, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company recorded an income tax benefit of $2,255 and $10,256 for the three and six months ended June 29, 2013, respectively. For the three and six months ended June 30, 2012, the Company recorded an income tax benefit of $11,551 and $10,243, respectively. The income tax benefit for the three months ended June 29, 2013 was primarily the result of the Company's pre-tax loss. The income tax benefit for the six months ended June 29, 2013 was primarily the result of the Company's pre-tax loss and the recognition of U.S. federal tax credits. The income tax benefit for the three and six months ended June 30, 2012 was primarily associated with the Company's pre-tax loss offset by an accrual for unrecognized tax benefits.

In January, 2013, the American Taxpayer Relief Act of 2012 was signed into law, retroactively reinstating the Research and Experimental ("R&E") tax credit for 2012 and through 2013. The expected benefit for 2012 of approximately $4,045 was recorded during the three months ended March 30, 2013.

No provision has been made for U.S., state or additional foreign income taxes related to approximately $110,064 of undistributed earnings of foreign subsidiaries which have been permanently reinvested outside of the U.S., except for liquidated foreign entities and existing earnings that have been previously taxed. It is not practicable to determine the U.S. federal income tax liability, if any, which would be payable if such earnings were not permanently reinvested outside of the U.S. In the event the foreign subsidiaries repatriate these earnings, the earnings may be subject to U.S. federal and state income taxes and foreign withholding taxes.

The major jurisdictions in which the Company files are the U.S., Singapore and Costa Rica. In 2012, the Company expanded its presence into Asia by increasing operations in Singapore. Tax years beginning in 2006 are subject to examination by taxing authorities, although net operating losses ("NOL") and credit carryforwards from all years are subject to examinations and adjustments for at least three years following the year in which the attributes are used. Due to agreements with the Costa Rican and Singaporean governments, the Company was granted income tax holidays of varying rates through March 2017 and December 2019, respectively. Incentives from these countries are subject to the Company meeting certain employment and investment requirements. The Company was in compliance with these requirements as of June 29, 2013.

Deferred Income Taxes

As of June 29, 2013, deferred tax assets of $80,960, net of a $15,012 valuation allowance, were recorded on the balance sheet. As of December 31, 2012, the Company recorded deferred tax assets of $69,715, net of a $14,518 valuation allowance. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more-likely-than-not to be realized. The Company maintains a valuation allowance against the tax effect of all capital loss carryforwards, certain state and foreign net operating loss carryforwards, and certain state credit carryforwards, as management does not believe it is more likely than not that these benefits will be realized in future periods.

Unrecognized Tax Benefits

In the six months ended June 29, 2013, net unrecognized tax benefits increased $789 primarily as a result of an additional liability recorded to address existing potential exposures involving positions that could be challenged by taxing authorities. The Company does not anticipate the release of any unrecognized tax benefits due to the expiration of statutes of limitations within the next twelve months. Interest and penalties associated with unrecognized tax benefits are accrued and classified as a component of tax expense in the statement of operations and comprehensive loss.

Net unrecognized tax benefits at June 29, 2013 and December 31, 2012 were as follows:

	June 29, 2013		December 31, 2012
Net unrecognized tax benefits	$	3,598	$	2,809

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Property, Plant and Equipment

6 Months Ended

Jun. 29, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	June 29, 2013			December 31, 2012
Land	$	19,704		$	19,691
Buildings	94,779			94,766
Building and leasehold improvements	31,818			31,012
Machinery and equipment	706,747			664,737
Furniture and fixtures	7,006			6,915
Computer equipment and software	48,443			46,930
Assets in process	78,431			59,561
Total property, plant and equipment, gross	986,928			923,612
Accumulated depreciation	(518,236		)	(474,871		)
Total property, plant and equipment, net	$	468,692		$	448,741

The Company reported depreciation expense as follows:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Depreciation expense	$	24,635	$	21,237	$	48,497	$	41,651

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Fair Value of Financial Instruments

6 Months Ended

Jun. 29, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company accounts for its assets utilizing a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy:

• Level 1—Quoted prices for identical instruments in active markets;

• Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and

• Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Assets and liabilities measured and recorded at fair value on a recurring basis at June 29, 2013 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	60,994	$	60,994	$	60,994	$	—	$	—	$	—
Cash equivalents	13,549		13,549		—		11,854		1,695		—
Short-term—marketable securities	14,785		14,785		—		3,518		11,267		—
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	94,624	$	94,624	$	60,994	$	20,668	$	12,962	$	—
Liabilities:
Earnout and milestone payment liability	3,822		3,822		—		—		—		3,822
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	9,118	$	9,118	$	—	$	5,296	$	—	$	3,822
Assets and liabilities measured and recorded at fair value on a recurring basis at December 31, 2012 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	63,104	$	63,104	$	63,104	$	—	$	—	$	—
Cash equivalents	53,549		53,549		—		53,549		—		—
Short-term—marketable securities	22,305		22,305		—		4,510		17,795		—
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	143,549	$	143,549	$	63,104	$	62,650	$	17,795	$	—
Liabilities:
Earnout and milestone payment liability	$	5,457	$	5,457	$	—	$	—	$	—	$	5,457
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	10,048	$	10,048	$	—	$	4,591	$	—	$	5,457

The instruments classified as Level 1 are measured at fair value using quoted market prices. The investments classified as Level 2 were valued using quoted prices for similar instruments in markets that are not active since identical instruments were not available. The Company determines the hierarchy levels at the end of each quarter.

The non-qualified deferred compensation plan provides eligible employees and members of the Board of Directors with the opportunity to defer a specified percentage of their cash compensation. The Company includes the asset deferred by the participants in the “Other noncurrent assets, net” line item of its consolidated balance sheets and the Company’s obligation to deliver the deferred compensation in the “Other long-term liabilities” line item on its consolidated balance sheets.

The earnout and milestone payment liability as of June 29, 2013 resulted from two acquisitions during 2012 and represents the fair value of the estimated payout to the former businesses contingent upon meeting certain requirements. For the first acquisition, as of June 29, 2013, the Company estimated the fair value of the obligation as $2,179 using a cash flow based approach discounted with a market discount rate. For the second acquisition, as of June 29, 2013, the Company estimated the fair value of the obligation as $1,643 using a Monte Carlo simulation model discounted using the risk free rate adjusted for an applicable credit spread. During the three months ended June 29, 2013, the Company remeasured the fair value of the obligation for the second acquisition based on a change in forecast related to the achievement of earnout targets. The change in estimate resulted in a reduction in the liability of $2,610 and was recorded to selling general and administrative expenses in the statement of operations. For both of the acquisitions, total accretion of $975 was recognized during the six months ended June 29, 2013.

Ending earnout and milestone payment liability at December 31, 2012	$	5,457
Accretion	975
Change in estimate	(2,610		)
Ending earnout and milestone payment liability at June 29, 2013	$	3,822

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

The Company entered into a cross-licensing agreement in 2012. The fair value of the cross-licensing liability was estimated using a discounted cash flow model which discounts future cash flows using an incremental borrowing rate of 9%. The cross-licensing liability was categorized as Level 3 in the fair value hierarchy and its ending fair value at June 29, 2013 was $15,297, of which $3,000 was current and is included in other current liabilities in the balance sheet.

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Net Loss Per Share - Antidilutive Securities (Details) In Thousands, unless otherwise specified			3 Months Ended		6 Months Ended
	Jun. 29, 2013	Dec. 31, 2012	Jun. 29, 2013 Stock Options [Member]	Jun. 30, 2012 Stock Options [Member]	Jun. 29, 2013 Stock Options [Member]	Jun. 30, 2012 Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	38,126	33,241
Antidilutive securities			38,126	34,613	38,126	34,613

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Stock Repurchase Program Stock Repurchase Program (Notes)

6 Months Ended

Jun. 29, 2013

Payments for Repurchase of Equity [Abstract]

Stock Repurchase [Text Block]

Stock Repurchase Program

On May 13, 2013, the Company's Board of Directors approved a stock repurchase program authorizing the purchase, at the discretion of management, of up to $75,000 of the Company's outstanding common stock. Common stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions. The timing of open market and privately negotiated purchases will be dependent upon market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company expects to use cash from operations to fund the repurchase program. Shares of common stock repurchased by the Company through the repurchase program will be retired and will have no impact on total shares authorized.

During the three months ended June 29, 2013, the Company repurchased 7,670 shares for $51,125 using available cash.

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Stock-Based Compensation

6 Months Ended

Jun. 29, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation

Stock-Based Compensation

Stock-based compensation expense consists of compensation costs related to grants of stock options, MSUs and the ESPP. The table below summarizes the stock-based compensation expense for the three and six months ended June 29, 2013 and June 30, 2012:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Stock-based compensation expense:
Cost of goods sold	$	1,570	$	1,823	$	3,606	$	3,929
Research, development and engineering	2,621		2,430		5,095		4,688
Selling, general and administrative	3,002		3,305		5,515		5,638
Total stock-based compensation expense included in loss from operations	$	7,193	$	7,558	$	14,216	$	14,255

Stock Options

The following table summarizes the Company’s stock option transactions for the six months ended June 29, 2013:

	Six Months Ended
	June 29, 2013
	Shares		Weighted-average exercise price per share
Outstanding at December 31, 2012	33,241		$	6.56
Granted	6,692		5.78
Exercised	(992	)	3.85
Forfeited	(815	)	7.31
Outstanding at June 29, 2013	38,126		$	6.47

The following table summarizes the average estimates the Company used in the Black-Scholes option-pricing model during the three and six months ended June 29, 2013 and June 30, 2012, to determine the fair value of employee stock options granted during each period:

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Risk free interest rates	0.9	%	0.9	%	0.9	%	1.0	%
Expected life in years	5.00 years		5.00 years		5.00 years		5.00 years
Expected dividend yield	—	%	—	%	—	%	—	%
Expected volatility	64.0	%	63.6	%	64.0	%	63.4	%
Estimated annualized forfeiture rate	4.9	%	5.6	%	4.9	%	5.6	%

Market-Based Restricted Stock Units

During the three and six months ended June 29, 2013, the Company granted MSUs to certain members of executive management. The number of shares that are ultimately awarded is contingent upon the achievement of pre-determined market and service conditions. Market conditions must be met for shares to be awarded, even if the service conditions are met. Fair value of the awards is determined at the grant date based on the target number of awards ultimately expected to be awarded. Compensation expense associated with the awards is calculated based on the target number of shares ultimately expected to be awarded and is recognized on a straight line basis over the requisite service period and will not be reversed even if the market conditions are not met. The number of shares of common stock to be awarded will range from zero to 150 percent of the target number of stock units based on the Company's total stockholder return (“TSR”) relative to the performance of companies in the SPDR S&P Semiconductor Index ("SPDR") for each measurement period. TSR is calculated based on market performance between the beginning and end of the award period, generally over three years. The maximum number of shares of common stock that could be awarded is 299 shares, based on the number of awards outstanding during the three and six months ended June 29, 2013.

The fair value of the MSUs was determined using a Monte-Carlo simulation model. The Monte-Carlo simulation model is affected by assumptions regarding subjective and complex variables. Generally, the Company's assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. Key assumptions for the Monte-Carlo simulation model were as follows:

	Three Months Ended			Six Months Ended
	June 29, 2013		June 30, 2012	June 29, 2013		June 30, 2012
Risk free interest rates	0.4	%	—	0.4	%	—
Expected dividend yield	—		—	—		—
Expected volatility	56.2	%	—	56.2	%	—
Correlation coefficient to SPDR	0.59		—	0.59		—

In the following table, MSU activity during the six months ended June 29, 2013 is presented at 100 percent of the target number of shares of common stock that may potentially be awarded:

	Six Months Ended
	June 29, 2013
	Shares	Weighted-average grant date fair value
Outstanding at December 31, 2012	—	$	—
Granted	199	7.45
Outstanding at June 29, 2013	199	$	7.45

ESPP

Employees participating in the ESPP authorize the Company to withhold compensation and to use the withheld amounts to purchase shares of the Company's common stock at a discount.

The table below summarizes the ESPP common stock purchases for the three and six months ended June 29, 2013 and June 30, 2012.

	Three Months Ended		Six Months Ended
	June 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Shares purchased	1,872	1,770	1,872	1,770

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Investments in Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 29, 2013

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities

The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at June 29, 2013 consisted of the following:

At June 29, 2013	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Corporate debt securities	$	1,695	$	—	$	—		$	1,695
Money market funds and other	11,854		—		—			11,854
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	3,518		—		—			3,518
U.S. government-sponsored enterprise securities	5,705		—		(1		)	5,704
Municipal notes	555		—		(1		)	554
Corporate debt securities	5,012		—		(3		)	5,009
	$	28,339	$	—	$	(5	)	$	28,334

The cost, net unrealized holding gains, net unrealized holding losses and fair value of available-for-sale investments by types and classes of security at December 31, 2012 consisted of the following:

At December 31, 2012	Cost		Net unrealized holding gains		Net unrealized holding losses			Fair Value
Available-for-sale-included in cash equivalents:
Money market funds and other	$	53,549	$	—	$	—		$	53,549
Available-for-sale-included in short-term marketable securities:
U.S. treasury securities	4,510		—		—			4,510
U.S. government-sponsored enterprise securities	1,065		—		—			1,065
Corporate debt securities	14,933		—		(3		)	14,930
Certificates of deposit	1,800		—		—			1,800
	$	75,857	$	—	$	(3	)	$	75,854

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Basis of Presentation (Policies)

6 Months Ended

Jun. 29, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Use of Estimates

In addition, the preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. For TriQuint Semiconductor, Inc. (the “Company”), the accounting estimates requiring management’s most difficult and subjective judgments include revenue recognition, the valuation of inventory, the accounting for income taxes, precious metals reclaim and stock-based compensation.

Fair Value Policy

The Company accounts for its assets utilizing a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy:

• Level 1—Quoted prices for identical instruments in active markets;

• Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and

• Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The instruments classified as Level 1 are measured at fair value using quoted market prices. The investments classified as Level 2 were valued using quoted prices for similar instruments in markets that are not active since identical instruments were not available. The Company determines the hierarchy levels at the end of each quarter.

Marketable Securities Policy

All unrealized gains and losses on available-for-sale investments are included in other comprehensive loss.

Earnings Per Share Policy

Basic net loss per share and diluted net loss per share are calculated by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period.

Goodwill and Intangible Assets Policy

The Company is required to perform an impairment analysis on its goodwill at least annually, or when events and circumstances warrant. Conditions that would trigger an impairment assessment, include, but are not limited to, a significant adverse change in legal factors or in the business climate that could affect the value of an asset or an adverse action or assessment by a regulator. The Company is considered one reporting unit. When the Company performed this test in 2012, the Company elected to use the two-step goodwill impairment test. Therefore, to determine whether goodwill may be impaired, the Company compares its book value to its market capitalization. If the trading price of the Company’s common stock, as adjusted for factors such as a control premium, is below the book value per share at the date of the annual impairment test or if the average trading price of the Company’s common stock is below book value per share for a sustained period, a goodwill impairment test will be performed by comparing book value to estimated market value. If the comparison of book value to estimated market value indicates impairment, then the Company compares the implied fair value of goodwill to its carrying amount in a manner similar to a purchase price allocation for a business combination. If the carrying amount of goodwill exceeds its implied fair value, an impairment loss is recognized equal to that excess.

Unless indicators warrant testing at an earlier date, the Company performs its annual goodwill impairment test in the fourth quarter of each year. During the six months ended June 29, 2013, there were no impairments recorded or impairment indicators present.

Amortization of Loan Fees

The initial fees associated with the Agreement were capitalized and are being amortized to interest expense using the straight-line method over the remaining term to maturity.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Market-Based Restricted Stock Units

During the three and six months ended June 29, 2013, the Company granted MSUs to certain members of executive management. The number of shares that are ultimately awarded is contingent upon the achievement of pre-determined market and service conditions. Market conditions must be met for shares to be awarded, even if the service conditions are met. Fair value of the awards is determined at the grant date based on the target number of awards ultimately expected to be awarded. Compensation expense associated with the awards is calculated based on the target number of shares ultimately expected to be awarded and is recognized on a straight line basis over the requisite service period and will not be reversed even if the market conditions are not met. The number of shares of common stock to be awarded will range from zero to 150 percent of the target number of stock units based on the Company's total stockholder return (“TSR”) relative to the performance of companies in the SPDR S&P Semiconductor Index ("SPDR") for each measurement period. TSR is calculated based on market performance between the beginning and end of the award period, generally over three years.

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Document and Entity Information Document	6 Months Ended
	Jun. 29, 2013	Aug. 05, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Entity Common Stock, Shares Outstanding		156,518,028
Document Period End Date	Jun. 29, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	TQNT
Entity Registrant Name	TRIQUINT SEMICONDUCTOR INC
Entity Central Index Key	0000913885
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2013

Fair Value Disclosures [Abstract]

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis Table

Assets and liabilities measured and recorded at fair value on a recurring basis at June 29, 2013 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	60,994	$	60,994	$	60,994	$	—	$	—	$	—
Cash equivalents	13,549		13,549		—		11,854		1,695		—
Short-term—marketable securities	14,785		14,785		—		3,518		11,267		—
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	94,624	$	94,624	$	60,994	$	20,668	$	12,962	$	—
Liabilities:
Earnout and milestone payment liability	3,822		3,822		—		—		—		3,822
Non-qualified deferred compensation plan	5,296		5,296		—		5,296		—		—
Total	$	9,118	$	9,118	$	—	$	5,296	$	—	$	3,822
Assets and liabilities measured and recorded at fair value on a recurring basis at December 31, 2012 are as follows:
	Carrying Amount		Total Fair Value
					Cash		Level 1		Level 2		Level 3
Measured on a recurring basis:
Assets:
Cash	$	63,104	$	63,104	$	63,104	$	—	$	—	$	—
Cash equivalents	53,549		53,549		—		53,549		—		—
Short-term—marketable securities	22,305		22,305		—		4,510		17,795		—
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	143,549	$	143,549	$	63,104	$	62,650	$	17,795	$	—
Liabilities:
Earnout and milestone payment liability	$	5,457	$	5,457	$	—	$	—	$	—	$	5,457
Non-qualified deferred compensation plan	4,591		4,591		—		4,591		—		—
Total	$	10,048	$	10,048	$	—	$	4,591	$	—	$	5,457

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Ending earnout and milestone payment liability at December 31, 2012	$	5,457
Accretion	975
Change in estimate	(2,610		)
Ending earnout and milestone payment liability at June 29, 2013	$	3,822