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SKYWORKS SOLUTIONS, INC.

(SWKS)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-26 pm EST
112.02 USD   +2.38%
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Skyworks Solutions and Sequans Communications Introduce the World's Smallest LTE-M/NB-IoT System-in-Package Solution

11/18/2022 | 11:15am EST

MUNICH - Skyworks Solutions, Inc. (Nasdaq: SWKS), and Sequans Communications S.A. (NYSE: SQNS), today introduced the SKY66431, a 5G Massive IoT SiP (system-in-package) solution.

This next-generation SiP combines Sequans' Monarch 2 modem with Skyworks' industry-leading RF front-end solution, creating the world's smallest LTE-M/NB-IoT connectivity platform in a single package.

Essential to critical infrastructure, low-power wide-area network (LPWAN) products meet stringent operational requirements for durability, battery lifespan and reliability. Designed to address the increasing demand for form-factor driven cellular LPWAN end points, the SKY66431 is ideally suited for utility meters, asset trackers, security and alert systems and other battery-powered devices such as wearable medical and fleet management. The number of installed LPWAN devices is expected to reach 2.4 billion by 20261.

The SKY66431 is a highly integrated multi-band, multi-chip SiP supporting 5G Massive IoT platforms, offering high performance connectivity with ultra-low power consumption. Its native 23 dBm front-end module leverages Skyworks' RF design and advanced packaging expertise that optimizes reliability in demanding environments and allows for extremely small footprint designs while maintaining simplified PCB design rules. With SiP form factor-enabling miniaturization and fully encapsulated silver-free conformal shielding, the SKY66431 package is a key differentiator enabling ultra-compact, flexible and robust end-product designs.

The SKY66431 is being certified by a number of industry and regulatory agencies, as well as multiple network operators. This SiP is available now for select customers, with general availability expected in the first quarter of 2023.

'As modern connected devices evolve, Skyworks' extensive expertise within this market and advanced packaging technologies allow us to drive improvements in power consumption, size and advanced connectivity features to meet the rigorous performance requirements of our customers,' said Stefan Fulga, senior director of marketing for IoT and emerging products at Skyworks. 'The SKY66431 SiP enables simplified, yet high performance designs that operate reliably worldwide, accelerating time-to-market for our customers.'

'The new SKY66431 SiP is a compelling IoT connectivity solution,' said Georges Karam, Sequans' CEO. 'It is a comprehensive, all-in-one platform combining the technologies of two industry leaders who have included all of the critical components needed in one powerful, tiny SiP that is ideal for a wide range of IoT applications, from wearables, including medical devices and trackers, to sophisticated smart utility meters, requiring advanced packaging and capabilities.'

About Sequans

Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog and mixed signal semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearable markets.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500 and Nasdaq-100 market indices.

Safe Harbor Statement

Any forward-looking statements contained in this press release are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation information relating to future events, results and expectations of Skyworks. 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. Actual events and/or results may differ materially and adversely from such forward-looking statements as a result of certain risks and uncertainties including, but not limited to, our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; our ability to develop, manufacture, and market innovative products and avoid product obsolescence; our ability to compete in the marketplace and achieve market acceptance of our products; delays in the standardization or commercial deployment of 5G technologies; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials and supplier components; the quality of our products; our products' ability to perform under stringent operating conditions and other risks and uncertainties identified in the 'Risk Factors' section of Skyworks' most recent Annual Report on Form 10-K (and/or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission ('SEC'). Copies of Skyworks' SEC filings can be obtained, free of charge, on Skyworks' website (www.skyworksinc.com) or at the SEC's website (www.sec.gov). Any forward-looking statements contained in this press 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 the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.

Contact:

Constance Griffiths

Tel: (949) 231-4207

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SEQUANS COMMUNICATIONS S.A. 3.33% 3.1 Delayed Quote.-9.64%
SKYWORKS SOLUTIONS, INC. 2.38% 112.02 Delayed Quote.20.07%
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Analyst Recommendations on SKYWORKS SOLUTIONS, INC.
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Financials (USD)
Sales 2023 5 078 M - -
Net income 2023 1 189 M - -
Net cash 2023 656 M - -
P/E ratio 2023 14,6x
Yield 2023 2,20%
Capitalization 17 941 M 17 941 M -
EV / Sales 2023 3,40x
EV / Sales 2024 3,05x
Nbr of Employees 11 150
Free-Float 99,6%
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Number of Analysts 29
Last Close Price 112,02 $
Average target price 111,88 $
Spread / Average Target -0,12%
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Managers and Directors
Liam K. Griffin Chairman, President & Chief Executive Officer
Kris Alfons Sennesael Chief Financial Officer & Senior Vice President
Reza Kasnavi Senior Vice President-Technology & Manufacturing
Robert A. Schriesheim Independent Director
David P. McGlade Independent Director
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