Skyworks Receives Outstanding Supplier and Perfect Quality Awards from Lenovo
Recognized for Innovation, Reliability and Scalability
WOBURN, Mass.--(BUSINESS WIRE)-- Skyworks Solutions, Inc. (NAS: SWKS) , an innovator of high performance analog semiconductors enabling a broad range of end markets, today announced that it received the Outstanding Supplier and Perfect Quality awards from Lenovo for product innovation, delivering perfect quality solutions and serving as a strategic partner. Skyworks is Lenovo's leading provider of analog and RF solutions, having supported the company through several major product launches and growth in market share. Lenovo leverages a variety of Skyworks' products including SkyHi™ front-end solutions, multimode, multiband power amplifiers, switches, diodes and global positioning system devices, among others.
"Lenovo congratulates Skyworks for their outstanding support and commitment to perfect quality," said David Wang, vice president of procurement at Lenovo. "Over the past few years Skyworks and Lenovo have forged a strong relationship, one that has grown even stronger as Lenovo has become much more than a PC company. We are delighted with Skyworks' reliable, high quality and turnkey solutions, and look forward to collaborating with them for years to come particularly as Lenovo expects to grow its market share in China and abroad."
"At Skyworks we realize the success of our customers depends upon the strength of our services and reliability of our products and we appreciate Lenovo's recognition of our journey towards perfect quality," said Kenneth J. Huening, vice president of quality at Skyworks. "We are delighted to be partnering with Lenovo to enable a variety of personal technology platforms including smartphones, tablets and smart television with an increasing number of our analog and connectivity solutions. We also recognize that delivering perfect quality is a key differentiator in today's competitive market."
With sales growing in India, Indonesia, the Philippines, Russia and Vietnam, Gartner predicts that Lenovo will become China's top smartphone vendor in 2013. According to IDC, Lenovo already has the third highest worldwide market share for "Smart Connected Devices" which combines PC, smartphones and tablets.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$34 billion personal technology company - one of the top two PC makers in the world and an emerging PC Plus leader - serving customers in more than 160 countries. Dedicated to exceptionally engineered PCs and mobile internet devices, Lenovo's business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.
Skyworks Solutions, Inc. is an innovator of high performance analog semiconductors. Leveraging core technologies, Skyworks supports automotive, broadband, cellular infrastructure, energy management, GPS, industrial, medical, military, wireless networking, smartphone and tablet applications. The Company's portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, 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: 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 (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 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, including the possibility of expiring tax cuts combined with mandatory reductions in federal spending, in the United States 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 priced competitive and rapidly changing technological environment; 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; 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.
Skyworks Media Relations:
Pilar Barrigas, 949-231-3061
Skyworks Investor Relations:
Stephen Ferranti, 781-376-3056
KEYWORDS: United States North America California Massachusetts
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