SWKS - Skyworks Solutions Inc. (SWKS) Morgan Stanley Technology Media & Telecom Conference (Transcript)
2024-03-05 18:45:06 ET
Skyworks Solutions, Inc. (SWKS)
Morgan Stanley Technology, Media & Telecom Conference Call
March 5, 2024 12:30 ET
Company Participants
Liam Griffin - Chief Executive Officer
Conference Call Participants
Joe Moore - Morgan Stanley
Presentation
Joe Moore
Joe Moore, Morgan Stanley Semiconductor Research. Very happy to have the CEO of Skyworks, Liam Griffin here. I think it’s definitely the first time since I have covered the company, it has been 3 years, but if not it’s been a while, but we really appreciate you being here to hear your insights on the company. So maybe we – before we get into the segments. So if you can just give us an update in terms of what you are seeing in the market today and kind of maybe the broad priorities that you have as a company? And then we can get into some of the details.
Question-and-Answer Session
A - Liam Griffin
Yes, sure. Sure. Sounds good. Yes, I think Skyworks, as you know we are a company that does many, many sectors and many, many customers largely in-house. We do a lot of manufacturing specific to each customer and each account and each application. So we have a different type of mix that you would see. It’s not a typical silicon TSMC play. It’s really a curated solution, customer by customer, market by market. The majority of the revenue today is typically mobile and wireless technologies, but it isn’t just the handset. We do a lot of work in Wi-Fi. We have tremendous assets now in data center. We can talk a little bit about that through some of our acquisitions. But it’s also a company that does its best work with the most compelling customers, the most demanding customers. And the ability for us to curate unique solutions has really been an advantage for Skyworks. So we don’t have broad semiconductor portfolios that just go across the street and through distribution. It’s kind of an account-by-account application by account message. And we work with those companies. And we get better, they get better, and it lifts our company. So that’s kind of the high level.
Certainly, mobile has been the feature in our business, and I’m proud of what we’ve done with the mobile business, we continue to grow that. But along the way, we diversified the company substantially. We’re heavily in automotive right now. We’re in data center. There is all kinds of opportunities that we’re seeing in IoT. Adjacent wireless opportunities and Wi-Fi and things like that. So it’s a more diversified portfolio, I think sometimes in the Street realizes. But certainly, the wireless element is core to the company....
Skyworks Solutions, Inc. (SWKS) Morgan Stanley Technology, Media & Telecom Conference (Transcript)