Strong Growth in IoT Presents Huge Opportunity for Skyworks Solutions
Updated: Jul 17, 2020
As all of the devices in our world become more connected, the market for Skywork's products looks almost infinite.
The Internet of Things (IoT) refers to the growing number of devices on the market that have the ability to connect with each other and work together using WiFi or cellular data. As the graphic above shows, in the not so distant past devices were mostly used to connect people to other people. Now it's all about devices that connect you to other devices and even devices that connect themselves to other devices. You can most likely look around your home and find examples of this like your smart TV, Amazon Echo, or smart lightbulbs. Although, this world of connected devices is not limited to your home. Currently Skyworks provides technology that connects vehicles, medical devices, and allows remote operation of things as simple as your thermostat and as complex as large manufacturing machinery. More importantly, over the next 3 years the IoT is expected to have exponential growth, and Skyworks is well
positioned to be a leader in this world of connectivity.
It's chips are highly regarded as some of the best in the industry. Above are just some of Skywork's largest customers. As you can see they are partnered with some of the largest companies in the world, allowing them to capitalize on growth in a variety of new connectivity segments including autonomous vehicles, wearable technology, and medical devices. All of this leads us to believe that IoT growth will be a major growth vector for Skyworks over the next 3-5 years. #swksstock #IoT #5G
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