TriQuint Semiconductor has been named the fastest-growing company out of the top three among GaAs device manufacturers in a report by Strategy Analytics. According to the report, TriQuint's revenues grew 37 percent year-to-year for the year ending 2006. The research company estimates that revenues for the total GaAs device market (merchant and captive markets) grew 10 percent year-to-year for that same time period, to $3.1 billion. The report notes that the GaAs market is now split between companies that target high volume markets and those that have chosen to focus on high-value applications. TriQuint reported earnings growth of 433 percent in 2006 over 2005, supply production volumes to four of the top five cellular handset manufacturers.