Multiple Devices Enabling Innovative Online
Connectivity Units in Volkswagen Platforms
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high
performance analog semiconductors connecting people, places and
things, today announced that several of its semiconductor solutions
are powering LG Electronics’ latest Online Connectivity Units (OCU)
being leveraged across Volkswagen automobiles to enhance
connectivity and convenience. The OCUs offer drivers seamless
access to features such as smart home and location-based services
from their vehicles. With more than a quarter of global vehicles
expected to be connected to the internet by 2020, Skyworks is
capitalizing on the need for advanced, next generation wireless
devices addressing this growing market opportunity. Specifically,
LG is leveraging eight Skyworks products, including advanced analog
control ICs and integrated front-end modules.
“Skyworks is excited to partner with LG as they join forces with
automotive leaders like Volkswagen in transforming cars into
rolling hotspots,” said John O’Neill, vice president of product
marketing for Skyworks. “Our automotive design wins with LG
demonstrate how Skyworks is leveraging its mobile connectivity
expertise, partnerships and scale to expand our reach across the
Internet of Things.”
“As connected car technology continues to push the performance
envelope and application boundaries, we rely on innovators like
Skyworks to enable vital wireless connectivity for our next
generation platforms,” said JS Kim, head of LG telematics research
and development. “With Skyworks’ advanced mobile communications
solutions, we are revolutionizing the way drivers interact with
their vehicles.”
According to PwC’s Strategy& 2015 study, Volkswagen ranked
first for connected car innovation for both safety and
infotainment.
About Skyworks’ Automotive Solutions
LG’s Online Connectivity Units are utilizing various devices
including Skyworks’ SkyHi™ multimode modules and switches. To see a
full listing of the company’s solutions for automotive, please
visit: Skyworks’ Automotive Solutions. For more information, please
contact sales@skyworksinc.com.
About LG Electronics
LG Electronics Inc. (KSE: 066570.KS) is a global leader and
technology innovator in consumer electronics, mobile communications
and home appliances, employing 82,000 people working in 119
locations around the world. With 2013 global sales of USD 53.10
billion (KRW 58.14 trillion), LG comprises four business units ―
Home Entertainment, Mobile Communications, Home Appliances &
Air Solutions, and Vehicle Components ― and is one of the world’s
leading producers of flat panel TVs, mobile devices, air
conditioners, washing machines and refrigerators. LG Electronics is
a 2014 ENERGY STAR Partner of the Year Sustained Excellence. For
more news and information on LG Electronics, please visit
www.LGnewsroom.com.
About Skyworks
Skyworks Solutions, Inc. is empowering the wireless networking
revolution. Our highly innovative analog semiconductors are
connecting people, places and things spanning a number of new and
previously unimagined applications within the automotive,
broadband, cellular infrastructure, connected home, industrial,
medical, military, smartphone, tablet and wearable markets.
Headquartered in Woburn, Massachusetts, Skyworks is a global
company with engineering, marketing, operations, sales, and service
facilities located throughout Asia, Europe and North America. For
more information, please visit Skyworks’ website 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 without limitation information
relating to future results and expectations of Skyworks (e.g.,
certain projections and business trends). Forward-looking
statements can often be identified by words such as “anticipates,”
“expects,” “forecasts,” “intends,” “believes,” “plans,” “may,”
“will,” or “continue,” and similar expressions and variations or
negatives of these words. All such statements are subject to
certain risks, uncertainties and other important factors 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, uncertainties and other important factors include,
but are not limited to: uncertainty regarding global economic and
financial market conditions; the susceptibility of the
semiconductor industry and the markets addressed by our, and our
customers’, products to economic downturns; 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; the
availability and pricing of third-party semiconductor foundry,
assembly and test capacity, raw materials and supplier components;
changes in laws, regulations and/or policies that could adversely
affect either (i) the economy and our customers’ demand for our
products or (ii) the financial markets and our ability to raise
capital; our ability to develop, manufacture and market innovative
products in a highly price competitive and rapidly changing
technological environment; economic, social, military and
geo-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; 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; our
ability to timely and accurately predict market requirements and
evolving industry standards, and to identify opportunities in new
markets; uncertainties of litigation, including potential disputes
over intellectual property infringement and rights, as well as
payments related to the licensing and/or sale of such rights; 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;
and our ability to continue to grow and maintain an intellectual
property portfolio and obtain needed licenses from third parties,
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.
The forward-looking statements contained in this news release
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160829005097/en/
Skyworks Solutions, Inc.Media Relations:Tami
Stegmaier(949) 231-4207orInvestor Relations:Mitch Haws(949)
231-3223
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