Skyworks Surpasses Two Billion
Power Amplifier Module Shipments
Skyworks Media Relations: Skyworks Investor Relations:
Amanda Ingalls Thomas Schiller
(949) 231-3045 (949) 231-4700
Milestone Reflects Skyworks’ Scale and Product Traction;
Company Expects to Outperform Market Growth Driven by Share Gains and Diversification
WOBURN, Mass., Aug. 11, 2008—Skyworks Solutions, Inc. (NASDAQ:SWKS), an innovator of high performance analog and mixed signal semiconductors enabling mobile connectivity, today announced that it has shipped more than two billion power amplifier (PA) modules since product inception near the turn of the decade. The company is an architectural pioneer of PA and complete front-end modules (FEM) and today uniquely supplies to each of the world’s top five handset OEMs and two leading smartphone manufacturers. At the same time, Skyworks has developed design partnerships with all of the industry’s leading baseband suppliers and, most recently, has captured key sockets on Qualcomm and MediaTek reference designs.
“We are thrilled to surpass the two billion PA module mark and are even more excited about the design-win traction of our next generation of multimode Intera™ front-end modules,” said Liam K. Griffin, senior vice president of sales and marketing at Skyworks. “Given the strength of our product pipeline, Skyworks is benefiting from the trend towards highly integrated, multi-band FEMs for 3G, EDGE, LTE and WLAN applications. In fact, new product ramps of our content-rich Intera™ portfolio coupled with our diversification initiatives is positioning Skyworks to outpace our addressable markets this quarter and moving forward.”
Skyworks is a market leader in delivering switching solutions and PA modules in gallium arsenide (GaAs) pseudomorphic high electron mobile transistor (pHEMT) and heterojunction bipolar transistor (HBT). Through Skyworks’ integration of these devices, the company has created a complete line of Intera™ FEMs, which includes connectivity solutions for GSM, GPRS, EDGE and WCDMA, as well as CDMA, WLAN and WiMAX applications.
Skyworks Solutions, Inc. is an innovator of high performance analog and mixed signal semiconductors enabling mobile connectivity. The company's power amplifiers, front-end modules and direct conversion radios are at the heart of many of today's leading-edge multimedia handsets. Leveraging core technologies, Skyworks also offers a diverse portfolio of linear products that support automotive, broadband, cellular infrastructure, industrial and medical applications.
Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks’ Web site at: www.skyworksinc.com.
Safe Harbor Statement
This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information relating to future results and expectations of Skyworks (including certain projections and business trends). Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "believes," "plans," "may," "will," "continue," similar expressions, and variations or negatives of these words. All such statements are subject to certain risks and uncertainties that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.
These risks and uncertainties include, but are not limited to: uncertainty regarding global economic and financial market conditions; the cyclical nature of the semiconductor industry and the markets addressed by our, and our customers', products; our ability to develop, manufacture and market innovative products in a highly price competitive and rapidly changing technological environment; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; delays or disruptions in production due to equipment maintenance, repairs and/or upgrades; our reliance on several key customers for a large percentage of our sales; fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products; the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials; our ability to timely and accurately predict market requirements and evolving industry standards, and to identify opportunities in new markets; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; losses or curtailments of purchases or payments from key customers, or the timing of customer inventory adjustments; our ability to rapidly develop new products and avoid product obsolescence; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; lengthy product development cycles that impact the timing of new product introductions; unfavorable changes in product mix; the quality of our products and any remediation costs; shorter than expected product life cycles; problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration; economic, social and political conditions in the countries in which we, our customers or our suppliers operate, including security and health risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; and the uncertainties of litigation, including disputes over intellectual property, as well as other risks and uncertainties, including but not limited to those detailed from time to time in our filings with the Securities and Exchange Commission.
These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United States and in other countries. All other brands and names listed are trademarks of their respective companies.