5G Adoption ‘Accelerating’ Fast, Says Skyworks CEO
Skyworks Solutions had $957 million in fiscal Q4 revenue, more than $100 million above the high end of its guidance, proof it's “driving and benefiting from the rollout of 5G" worldwide, said CEO Liam Griffin on a Monday investor call…
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about the quarter ended Oct. 2. “Recent data points” show how rapidly adoption is “accelerating,” he said. Thirty-eight countries have launched the networks, with more “set to deploy,” he said. About 12% of smartphones shipped this year are “5G-enabled,” with projections of more than 50% by 2023, he said. “The world's leading smartphone manufacturer has just now released its entire lineup of new 5G devices,” said Griffin, obviously referencing Samsung. “Although we are only in the early innings, 5G has arrived.” A large part of the front-end module and other component supplier's 5G demand came from Asia-Pacific smartphone OEM customers, he said. "We have been winning business. We've been expediting products. The demand has been incredible."