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Skyworks Solutions Wiki2Web Clarity Challenge

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Study Guide: Skyworks Solutions, Inc.: Company Profile and Financials

Cheat Sheet:
Skyworks Solutions, Inc.: Company Profile and Financials Study Guide

Company Profile and Core Business

Skyworks Solutions, Inc. is a semiconductor company headquartered in Irvine, California.

Answer: True

Explanation: Skyworks Solutions, Inc. is indeed an American semiconductor company with its headquarters located in Irvine, California.

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Skyworks Solutions manufactures products including low-noise amplifiers, connectivity switches, and radio co-processors.

Answer: True

Explanation: Skyworks Solutions' product portfolio includes essential components such as low-noise amplifiers, connectivity switches, and radio co-processors.

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Skyworks Solutions' products are primarily used in the aerospace and defense industries.

Answer: False

Explanation: Skyworks Solutions' products are primarily utilized in the mobile, automotive, infrastructure, and industrial sectors, not predominantly in aerospace and defense.

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Components manufactured by Skyworks Solutions were found in the iPhone 15.

Answer: True

Explanation: Analysis of the iPhone 15 confirmed the presence of components manufactured by Skyworks Solutions, such as power amplifiers and RF switches.

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Skyworks Solutions, Inc. is classified as a private company.

Answer: False

Explanation: Skyworks Solutions, Inc. is a publicly traded company, not a private one.

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The official website for Skyworks Solutions is skyworks.com.

Answer: False

Explanation: The official website for Skyworks Solutions is skyworksinc.com.

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Skyworks Solutions produces DRM platforms for cars and power management chips.

Answer: True

Explanation: Skyworks Solutions' product offerings include DRM platforms for automotive applications and various power management chips.

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Being listed under the 'Fabless' category means Skyworks Solutions manufactures its own semiconductor chips.

Answer: False

Explanation: The 'Fabless' designation indicates that Skyworks Solutions designs semiconductor chips but outsources the manufacturing process to external foundries.

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A TechInsights teardown identified a power amplifier from Skyworks in the Apple iPhone 15.

Answer: True

Explanation: A teardown analysis by TechInsights confirmed the presence of a power amplifier manufactured by Skyworks Solutions within the Apple iPhone 15.

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What is the primary business of Skyworks Solutions, Inc. and where is it headquartered?

Answer: An American semiconductor company headquartered in Irvine, California.

Explanation: Skyworks Solutions, Inc. operates as an American semiconductor company with its corporate headquarters situated in Irvine, California.

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Which of the following is NOT listed as a product manufactured by Skyworks Solutions?

Answer: Memory chips

Explanation: Skyworks Solutions manufactures components like amplifiers and switches, but memory chips are not listed as part of their product line.

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In which industries are Skyworks Solutions' products primarily utilized, according to the source?

Answer: Automotive, streaming media, and broadcast industries.

Explanation: Skyworks Solutions' products are primarily utilized in the automotive, streaming media, and broadcast industries, alongside mobile applications.

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What specific Skyworks Solutions components were identified in the Apple iPhone 15?

Answer: A GSM power amplifier and an RF switch

Explanation: A GSM power amplifier and an RF switch manufactured by Skyworks Solutions were identified in the Apple iPhone 15.

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What does the 'shortdescription' tag indicate about Skyworks Solutions?

Answer: It is an American semiconductor manufacturer.

Explanation: The 'shortdescription' tag identifies Skyworks Solutions as an American semiconductor manufacturer.

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What does the 'Fabless' designation signify for Skyworks Solutions?

Answer: They design chips but outsource the manufacturing process.

Explanation: The 'Fabless' model signifies that Skyworks Solutions designs semiconductor chips and outsources their manufacturing to specialized foundries.

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What is the official website address for Skyworks Solutions?

Answer: skyworksinc.com

Explanation: The official website address for Skyworks Solutions is skyworksinc.com.

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Corporate History and Development

The formation of Skyworks Solutions, Inc. in 2002 resulted from the merger of Alpha Industries and the wireless division of Conexant.

Answer: True

Explanation: Skyworks Solutions was established in 2002 through the strategic merger of Alpha Industries and the wireless communications division of Conexant.

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In 2009, Skyworks Solutions acquired Axiom Microdevices Inc., which specialized in CMOS-based mobile phone power amplifiers.

Answer: True

Explanation: Skyworks Solutions expanded its capabilities in 2009 by acquiring Axiom Microdevices Inc., a company known for its expertise in CMOS-based mobile phone power amplifiers.

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Skyworks Solutions successfully acquired PMC-Sierra for $2 billion in 2015.

Answer: False

Explanation: Skyworks Solutions initially agreed to acquire PMC-Sierra for $2 billion in 2015, but the deal was ultimately withdrawn after Microsemi made a higher bid.

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Avnera was acquired by Skyworks Solutions in 2018 for approximately $405 million.

Answer: True

Explanation: In 2018, Skyworks Solutions completed the acquisition of Avnera, a transaction valued at approximately $405 million.

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Skyworks Solutions agreed to acquire the Infrastructure & Automotive business from Silicon Labs for $2.75 billion in April 2021.

Answer: True

Explanation: In April 2021, Skyworks Solutions announced its agreement to acquire the Infrastructure & Automotive business unit from Silicon Labs for a reported $2.75 billion.

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The acquisition of Silicon Labs' Infrastructure & Automotive business by Skyworks Solutions was valued at approximately $2.5 billion.

Answer: False

Explanation: The acquisition of Silicon Labs' Infrastructure & Automotive business by Skyworks Solutions was valued at approximately $2.75 billion, not $2.5 billion.

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How was Skyworks Solutions, Inc. formed in 2002?

Answer: By merging Alpha Industries with the wireless division of Conexant.

Explanation: Skyworks Solutions, Inc. was formed in 2002 as a result of the merger between Alpha Industries and the wireless division of Conexant.

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Which company did Skyworks Solutions acquire in 2009, known for its specialization in CMOS-based mobile phone power amplifiers?

Answer: Axiom Microdevices Inc.

Explanation: In 2009, Skyworks Solutions acquired Axiom Microdevices Inc., a company specializing in CMOS-based power amplifiers for mobile phones.

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What happened with Skyworks Solutions' attempt to acquire PMC-Sierra in October 2015?

Answer: Skyworks withdrew from the deal after being outbid by Microsemi.

Explanation: Skyworks Solutions' planned acquisition of PMC-Sierra in 2015 was terminated when Microsemi submitted a superior offer.

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In 2018, Skyworks Solutions completed the acquisition of which company?

Answer: Avnera

Explanation: Skyworks Solutions finalized the acquisition of Avnera in 2018.

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What was the value of the acquisition agreement between Skyworks Solutions and Silicon Labs for the Infrastructure & Automotive business in April 2021?

Answer: US$2.75 billion

Explanation: The acquisition agreement for Silicon Labs' Infrastructure & Automotive business in April 2021 was valued at US$2.75 billion.

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What was the approximate value of the acquisition of Avnera by Skyworks Solutions in 2018?

Answer: $405 million

Explanation: The acquisition of Avnera by Skyworks Solutions in 2018 was valued at approximately $405 million.

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Financial Performance and Reporting

As of a May 2023 report, mobile products accounted for the majority of Skyworks Solutions' revenue, approximately 70%.

Answer: False

Explanation: According to a May 2023 report, mobile products constituted approximately 60% of Skyworks Solutions' revenue, with Broad Markets accounting for the remaining 40%.

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Skyworks Solutions reported total revenue of US$4.18 billion in 2024, marking an increase from the previous year.

Answer: False

Explanation: Skyworks Solutions reported total revenue of US$4.18 billion in 2024, which represented a decrease from the previous year.

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The net income for Skyworks Solutions in 2024 was US$596 million, showing a decrease.

Answer: True

Explanation: In 2024, Skyworks Solutions reported a net income of US$596 million, which reflected a decrease compared to the prior year.

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Skyworks Solutions' total assets in 2024 amounted to US$8.28 billion, reflecting an increase.

Answer: False

Explanation: Skyworks Solutions' total assets in 2024 amounted to US$8.28 billion, reflecting a decrease from the previous year.

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In 2024, Skyworks Solutions reported total equity of US$6.34 billion, which showed a decrease.

Answer: False

Explanation: In 2024, Skyworks Solutions reported total equity of US$6.34 billion, which showed an increase.

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Skyworks Solutions' operating income in 2024 showed an increase compared to the previous year.

Answer: False

Explanation: Skyworks Solutions' operating income in 2024 showed a decrease compared to the previous year.

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What percentage of Skyworks Solutions' revenue came from mobile products, according to a May 2023 report?

Answer: Approximately 60%

Explanation: A May 2023 report indicated that approximately 60% of Skyworks Solutions' revenue was derived from mobile products.

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Which financial metric for Skyworks Solutions showed an increase in 2024?

Answer: Total Equity

Explanation: Skyworks Solutions' total equity showed an increase in 2024, rising to US$6.34 billion.

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What was the total revenue reported by Skyworks Solutions in 2024?

Answer: US$4.18 billion

Explanation: In 2024, Skyworks Solutions reported a total revenue of US$4.18 billion.

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What was the net income reported by Skyworks Solutions in 2024?

Answer: US$596 million

Explanation: In 2024, Skyworks Solutions reported a net income of US$596 million.

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Which of the following financial figures for Skyworks Solutions showed a decrease in 2024 according to the source?

Answer: Total Assets

Explanation: According to the source, Skyworks Solutions' total assets showed a decrease in 2024.

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Stock Market Presence

Skyworks Solutions, Inc. shares are traded on the New York Stock Exchange (NYSE) under the ticker SWKS.

Answer: False

Explanation: Skyworks Solutions, Inc. shares are traded on the Nasdaq Global Select Market under the ticker symbol SWKS, not the New York Stock Exchange.

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Skyworks Solutions was a component of the Nasdaq-100 index from August 2015 until December 2022.

Answer: True

Explanation: Skyworks Solutions was included in the Nasdaq-100 index from August 3, 2015, through December 19, 2022.

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Skyworks Solutions, Inc. is traded on the London Stock Exchange (LSE).

Answer: False

Explanation: Skyworks Solutions, Inc. shares are traded on the Nasdaq Global Select Market, not the London Stock Exchange.

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On which stock exchange and under what ticker symbol are Skyworks Solutions, Inc. shares traded?

Answer: Nasdaq Global Select Market under the ticker SWKS

Explanation: Skyworks Solutions, Inc. shares are publicly traded on the Nasdaq Global Select Market under the ticker symbol SWKS.

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For how long was Skyworks Solutions a part of the Nasdaq-100 index?

Answer: From August 2015 to December 2022

Explanation: Skyworks Solutions was a component of the Nasdaq-100 index from August 2015 until December 2022.

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Skyworks Solutions is also a constituent of which major stock market index, besides being traded on the Nasdaq?

Answer: S&P 500

Explanation: In addition to being traded on the Nasdaq, Skyworks Solutions is a constituent of the S&P 500 index.

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Leadership and Governance

Skyworks Solutions employed approximately 10,100 individuals in 2024.

Answer: True

Explanation: As of 2024, Skyworks Solutions had a global workforce of approximately 10,100 employees.

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Philip Brace serves as the Chief Financial Officer (CFO) of Skyworks Solutions.

Answer: False

Explanation: Philip Brace serves as the President & CEO of Skyworks Solutions, while Philip Carter is the Chief Financial Officer (CFO).

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Who is identified as the Chief Financial Officer (CFO) of Skyworks Solutions?

Answer: Philip Carter

Explanation: Philip Carter is identified as the Chief Financial Officer (CFO) of Skyworks Solutions.

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Environmental, Social, and Governance (ESG)

Skyworks Solutions achieved IATF 16949 Automotive Certification in 2023.

Answer: False

Explanation: Skyworks Solutions achieved IATF 16949 Automotive Certification in 2024, signifying its commitment to quality standards in the automotive sector.

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Skyworks Solutions aims to reduce its scope 1 and 2 CO2e emissions by 30% by 2030 and achieve net-zero emissions by 2050.

Answer: True

Explanation: Skyworks Solutions has set ambitious environmental goals, targeting a 30% reduction in scope 1 and 2 CO2e emissions by 2030 and aiming for net-zero emissions by 2050.

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In 2022, Skyworks Solutions exceeded its emissions reduction target, achieving a 16% reduction compared to the targeted 5%.

Answer: True

Explanation: In 2022, Skyworks Solutions demonstrated strong environmental performance by achieving a 16% reduction in emissions, surpassing its target of 5%.

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Skyworks Solutions utilizes ISO 9001 certified environmental management systems for its manufacturing operations.

Answer: False

Explanation: Skyworks Solutions utilizes ISO 14001 certified environmental management systems for its manufacturing operations, focusing on environmental impact reduction.

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Skyworks Solutions' net-zero emissions goal is set for the year 2040.

Answer: False

Explanation: Skyworks Solutions' goal for achieving net-zero emissions is set for the year 2050, not 2040.

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What is the purpose of the IATF 16949 Automotive Certification obtained by Skyworks Solutions in 2024?

Answer: It confirms compliance with global quality management standards for the automotive industry.

Explanation: The IATF 16949 Automotive Certification confirms Skyworks Solutions' adherence to global quality management standards essential for suppliers in the automotive industry.

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What are Skyworks Solutions' long-term environmental goals?

Answer: Reduce scope 1 and 2 emissions by 30% by 2030 and achieve net-zero by 2050.

Explanation: Skyworks Solutions aims to reduce scope 1 and 2 CO2e emissions by 30% by 2030 and achieve net-zero emissions by 2050.

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How did Skyworks Solutions perform in 2022 regarding its emissions reduction targets?

Answer: It exceeded its target, achieving a 16% reduction.

Explanation: In 2022, Skyworks Solutions surpassed its emissions reduction target by achieving a 16% reduction, exceeding the planned 5%.

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What environmental management system standard is certified for Skyworks Solutions' manufacturing operations?

Answer: ISO 14001

Explanation: Skyworks Solutions' manufacturing operations are certified under the ISO 14001 standard for environmental management systems.

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Skyworks Solutions' goal of achieving net-zero emissions by 2050 aligns with which international agreement?

Answer: The Paris Agreement

Explanation: Skyworks Solutions' commitment to achieving net-zero emissions by 2050 aligns with the objectives of the Paris Agreement.

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