IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today announced that ZTE is incorporating various products from its portfolio to power several of their all-in-one platforms for the connected car. Skyworks’ innovative LTE and connectivity solutions help transform cars into rolling Wi-Fi hotspots, enabling vehicle tracking, diagnostics, safety and security features. To support the numerous wireless protocols and frequency bands required by advanced wireless networks, ZTE’s system relies on Skyworks’ integration expertise to deliver a comprehensive solution.
“Skyworks’ partnership with ZTE for their connected car applications is a good example of how we are extending our product reach into new markets, further expanding our addressable content in some of the world’s most exciting wireless communications platforms,” said Carlos Bori, vice president of sales and marketing for Skyworks. “With our latest solutions, Skyworks continues to differentiate and capitalize on the incredible opportunities across the Internet of Things, including the connected vehicle.”
“With the inclusion of Skyworks’ high performance devices, we are able to offer customers a seamless connected car solution,” said ZTE management. “We are pleased to partner with Skyworks to fulfill our vision of bringing premium products to market at an affordable price.”
According to a 2017-2025 forecast from Transparency Market Research, on-board diagnostics are expected to see the fastest growth within the connected car, as these ports provide direct access to the internal, most sensitive and critical systems in an automobile. BI Intelligence estimates that connected car revenue from providing these types of systems will grow at a compounded annual growth rate of 29 percent globally from 2015 to 2020.
About Skyworks’ Solutions for the Connected Car and IoT
Skyworks’ broad product portfolio continues to enable new and emerging applications across automotive and the Internet of Things. Please visit our Internet of Things page for more information about our connected car solutions.
Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, 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 (NASDAQ: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com.
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; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials and supplier components; the quality of our products; 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.