SWKS Skyworks Solutions Inc

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog and mixed signal semiconductors enabling mobile connectivity, today announced that it continues to support the steep growth trajectory of the rapidly emerging Smart Phone segment through its Intera� portfolio of innovative front-end modules (FEM). Given the premium placed on space and power efficiency, the company has consistently roughly doubled its year-over-year Smart Phone FEM shipments since 2004, with over 40 million units sold in fiscal 2008 alone. Oppenheimer & Co. equity research group forecasts continued robust demand for Smart Phones. In a recent survey, Skyworks was highlighted as a key beneficiary of growth within the Smart Phone segment, which is primarily being driven by new subscribers and an upgrade cycle. Meanwhile, Gartner and Credit Suisse anticipate 37 percent year-over-year growth in 2008 to 170 million Smart Phone shipments. Further, they are forecasting a compound annual growth rate (CAGR) of 51 percent from 2007-2010, and unit growth from 122 million units to 422 million units -- reflecting healthy fundamentals for the market. �Based on customer demand, we see continued strong growth in the Smart Phone segment, particularly as penetration rates move upward from the sub teens of the global handset market,� said Gregory L. Waters, Skyworks� executive vice president and general manager of front-end solutions. �As these devices become increasingly mainstream, Skyworks is leading the way with our family of Intera� front-end modules, which uniquely enable power efficient, multi-mode, multi-band applications in ever smaller footprints.� About Smart Phones Smart Phones are defined as converged voice and data handheld devices with an advanced, multi-tasking open operating system (OS). They are programmable and can run native third-party software with users able to add and remove applications. Key features of these devices include email, Internet access, music, video, gaming and pictures, as well as other advanced applications. In addition, Smart Phones are the most visible example of mobile terminals that support many different radio standards, including Bluetooth� (BTH), enhanced data for GSM evolution (EDGE), wideband code division multiple access (WCDMA), wireless local area network (WLAN), and others. Skyworks� capabilities in these standards allow the company to meet the requirements of today's Smart Phones, and also develop unique, integrated solutions that leverage these capabilities into smaller, more power efficient and agile radio components for future generations. About Skyworks� Intera� FEMs Skyworks� Intera� FEMs combine the company's industry-leading power amplifier (PA) module and switch functions into single low-cost, laminate-based multi-chip modules (MCM). Key features of transmit FEMs include multi-band / multi-mode PAs, current sensing power control, high-linearity transmit/receive switches and all associated filtering, duplexing and control functions. In addition, they require no external matching components, accelerating time-to-market. Manufactured using the company�s proprietary heterojunction bipolar transistor (HBT) PA process and low-loss pseudomorphic high electron mobility transistor (pHEMT) switch technologies, Skyworks� Intera� FEMs deliver superior handset talk and standby time. About Skyworks 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.