Skyworks Solutions, Inc.
) recently announced certain changes at executive management
Liam Griffin, who is currently serving as executive vice
president and general manager of Skyworks' high performance
analog business, will now hold the office of executive vice
president and corporate general manager. Griffin joined the
company in 2001 as Senior Vice President, Sales and
Griffin is set to step into the shoes of Gregory Waters who
joined Skyworks in 2003 and has served as the Executive Vice
President and General Manager, Front-End Solutions since October
2006. Gregory will be leaving Skyworks following a transition
In the new role, Griffin will be responsible for enhancing
product line performance, leverage organizational synergies and
best to capitalize on market opportunities for all of Skyworks'
Skyworks expects this move to increase collaborations between
its front-end solutions and high performance analog teams,
thereby driving the development of next-generation solutions and
establishing the company as a market leader.
As most customers look for higher levels of analog and RF
integration and place greater value on total solutions,
Skyworks plans to align all its teams to create a more integrated
and rapid development cycle for its next-generation
Skyworks continues to capitalize on global mobile connectivity
ubiquity and demand for high performance analog solutions across
a diverse set of vertical markets. The company is rapidly
expanding its footprint in complementary new verticals like
automotive, medical and connected home. Skyworks continues
to gain market share in adjacent vertical markets like
automotive, medical, avionics, military, location services and
In addition, RF content per device continues to rise on the
remarkable increase in the number of LTE-enabled devices and a
major smartphone upgrade cycle in the emerging markets like
China. Skyworks is actively participating in developing
activities, which support major 2013 phone models that
incorporate entirely new LTE bands like 9 and 10; 18, 19 and 38,
41, to support deployments in Europe and Asia, which shall
result in incremental addressable content.
However, the near-term environment remains challenging
for Skyworks and its peers like
RF Micro Devices
Hence, we continue to maintain our Neutral recommendation on
Skyworks in the long run. However, the near-term weakness forces
us to confer a Zacks #4 Rank on Skyworks, which translates into a
short-term rating of Sell.
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