Skyworks Opens Design Center in Korea
Facility to Support Growing Demand for 3G and 4G Front-End Solutions
WOBURN, Mass., Dec 12, 2011 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS),
an innovator of high reliability analog and mixed signal semiconductors enabling
a broad range of end markets, today announced that it has opened a design center
in Korea to support the Company's increasing demand for 3G and 4G front-end
solutions. In fiscal 2011, Skyworks grew its 3G front-end module shipments by
more than 150 percent year-over-year. The site will support integrated circuit
and multi-chip-module designs and layouts, RF-laboratory work, and customer
support through early manufacturing.
"Skyworks is delighted to be placing more of our highly-skilled engineering teams
closer to our customers," said Gregory L. Waters, executive vice president and
general manager, front-end solutions at Skyworks. "We realize that our customers'
success depends upon the performance and reliability of our products, and the
strength of our service. We are committed to meeting the market's need for the
smallest and highest performance device architectures, as well as strengthening
our local support for leading smart phone providers and handset manufacturers."
Global adoption of 3G and 4G devices, including smart phones, tablets and a
seemingly unending array of new applications, continues to be robust. The
proliferation of embedded wireless functionality is driving a tremendous increase
in RF content and the number of connected devices. In fact, the GSMA recently
released research which suggests that the number of mobile connected devices is
expected to reach 12 billion units by 2020, twice the number in service today.
About Skyworks
Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed
signal semiconductors. Leveraging core technologies, Skyworks offers diverse
standard and custom linear products supporting automotive, broadband, cellular
infrastructure, energy management, industrial, medical, military and mobile
handset applications. The Company's portfolio includes amplifiers, attenuators,
detectors, diodes, directional couplers, front-end modules, hybrids,
infrastructure RF subsystems, mixers/demodulators, optocouplers, optoisolators,
phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, receivers,
switches and technical ceramics.
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:
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 and
AnalogicTech (including without limitation 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 Skyworks' and AnalogicTech's
respective future operating results, financial position and cash flows.
Actual results and events in future periods may differ materially from those
expressed or implied by these forward-looking statements because of a number of
risks, uncertainties and other factors. All statements other than statements of
historical fact are statements that could be deemed forward-looking statements,
including the expected benefits and costs of the transaction; management plans
relating to the transaction; the expected timing of the completion of the
transaction; the ability to complete the transaction; any statements of the
plans, strategies and objectives of management for future operations, including
the execution of integration plans; any statements of expectation or belief; and
any statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include the possibility that expected benefits may
not materialize as expected; that the transaction may not be timely completed, if
at all; that, prior to the completion of the transaction, AnalogicTech's business
may experience disruptions due to transaction-related uncertainty or other
factors making it more difficult to maintain relationships with employees,
customers or other business partners; that the parties are unable to successfully
implement integration strategies; and other risks that are described in Skyworks'
and AnalogicTech's respective SEC reports, including but not limited to the risks
described in Skyworks' Annual Report on Form 10-K, as amended, for its fiscal
year ended September 30, 2011 and AnalogicTech's Annual Report on Form 10-K, as
amended, for the fiscal year ended December 31, 2010, as well as subsequent
Quarterly Reports on Form 10-Q.
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.
Additional Information about the Transaction and Where to Find It
Skyworks will file a Tender Offer Statement on Schedule TO and AATI will file a
Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and
Exchange Commission ("SEC") in connection with the amended merger agreement and
tender offer. Security holders are advised to read the Tender Offer Statement and
the Solicitation/Recommendation Statement when they are available because they
will contain important information. Investors can obtain the Tender Offer
Statement when it is filed by Skyworks, the Solicitation/Recommendation Statement
when it is filed by AATI, and other documents filed by Skyworks and/or AATI for
free at the web site of the U.S. Securities and Exchange Commission at
sec.gov. In addition, investors and security holders can obtain free
copies of the documents filed by Skyworks with the SEC from Skyworks by
contacting Skyworks' Investor Relations at (949) 231-4700 or by accessing
Skyworks' investor relations website at skyworksinc.com, and free
copies of the documents filed by AATI with the SEC from AATI by contacting AATI's
Investor Relations at The Blueshirt Group, Lisa Laukkanen, at (415) 217-4967 or
by accessing Advanced Analogic Technologies' investor relations website at
analogictech.com.
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.
SOURCE: Skyworks Solutions, Inc.
Skyworks Media Relations
Pilar Barrigas, 949-231-3061
or
Skyworks Investor Relations
Stephen Ferranti, 781-376-3056 |
