Skyworks Solutions Receives a Shareholder Proposal from Green Century Funds
March 15, 2024 at 04:21 pm EDT
Share
On March 15, 2024, Skyworks Solutions, Inc Inc announced that it has received a shareholder proposal from Green Century Capital Management, Inc, requesting the Board that adopt independently verified short-, medium- and long-term science-based greenhouse gas emissions reduction targets, inclusive of emissions from its full value chain, in order to achieve net-zero emissions by 2050 in line with the Paris Agreement?s goal of limiting global temperature rise to 1.5 degrees Celsius. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of the Company scheduled to be held on May 14, 2024.
Skyworks Solutions, Inc. specializes in the development, sales and marketing of high-performance, mixed signal semi-conductors. The products are designed for use in the following sectors: consumer electronics, IT, mobile communication systems and network infrastructures. They also provide solutions for automotive, RFID, industrial, medical, military and aerospatial applications to name but a few. The group offers amplifiers, attenuators, detectors, diodes, directional couplers, modules, radio frequency subsystems, isolators, modulators, optocouplers, optoisolators, phase shifters, switches and multiplexers, solutions for food management, etc.
At the end of September 2023, Skyworks Solutions, Inc. had 6 manufacturing sites located in the United States (2), Mexico (2), Japan and Singapore.
Net sales are distributed geographically as follows: the United States (75.5%), China (7.5%), Taiwan (7.2%), South Korea (4.2%), Asia/Pacific (1.3%) and Europe/Middle East/Africa (4.3%).
SKYWORKS SOLUTIONS, INC. 
