Skyworks Ships 10 Millionth GSM Chipset Solution; Industry Leader Achieves Milestone with Samsung
WOBURN, Mass., Jul 16, 2002 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (Nasdaq:SWKS), the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications, today announced that it has reached a milestone with the shipment of its 10 millionth global system for mobile communications (GSM) chipset solution to Samsung Electronics.
"This key milestone marks the initial success of our comprehensive design approach," said Murthy Renduchintala, vice president of cellular systems for Skyworks. "We are especially pleased that this shipment was to Samsung, our first system level customer, with whom we have enjoyed a strong relationship from the time they first introduced their popular dual-band 2G GSM handset back in 1999.
"Our successful collaboration with Samsung has since yielded eight high-volume handset designs based on our complete system solution, ramping to more than a dozen by year end."
Skyworks' complete system solution contains all of the necessary semiconductors and software to build a state-of-the art 2.5G GSM/GPRS handset. The hardware portion of the solution implements all front-end, RF subsystem and baseband processing functions. In particular, the system leverages Skyworks' single chip direct conversion transceiver, which eliminates the intermediate-frequency conversion steps of earlier mobile handset solutions. Skyworks' protocol stack and MMI API have been field tested, qualified and approved by GSM network providers around the world.
About Skyworks
Skyworks Solutions, Inc. is the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications. The company began operations as an independent company in June 2002, following the completion of the merger between Alpha Industries, Inc. and Conexant Systems, Inc.'s wireless communications business. Skyworks is focused on providing front-end modules, RF subsystems and complete system solutions to wireless handset and infrastructure customers worldwide.
Skyworks is headquartered in Woburn, Mass., with executive offices in Newport Beach, Calif. The company has design, engineering, manufacturing, marketing, sales and service facilities throughout North America, Europe, Japan and Asia Pacific. For more information please visit 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, but are not limited to, references to the anticipated benefits of Skyworks' ongoing relationship with Samsung and the capabilities of the Skyworks complete system solution. All such statements are subject to certain risks and uncertainties that could cause actual results to differ materially 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: maintaining Skyworks relationship with Samsung; staying abreast of rapid technological changes in the markets served by Skyworks and developing new products in a timely manner; maintaining a consistent and reliable source of energy; global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products;; the ability to compete with products and prices in an intensely competitive industry; product obsolescence; losses or curtailments of purchases from key customers or the timing of customer inventory adjustments; the timing of new product introductions; the availability and extent of utilization of raw materials, critical manufacturing equipment and manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; the ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; economic, social and political conditions in the countries in which Skyworks, its customers or its suppliers operate, including security risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; and the uncertainties of litigation.
These forward-looking statements are made only as of the date hereof, and the company undertakes 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.
CONTACT:
Skyworks Solutions, Inc., Newport Beach
Lisa Briggs (editorial), 949/231-4553
E-mail: lisa.briggs@skyworksinc.com
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