RF Electronics ♦ news digest adds.
“Compound semiconductors are widely acknowledged as the key enabling materials that will drive a wide range of next generation technologies from high performance data transmission and management, to highly energy efficient products, including solar energy, SSL and power semiconductors.”
IQE expects to report its interim results around mid-September 2013.
Skyworks not flying so high with new stock repurchase program
The company currently expects to fund the repurchase program using its working capital
Skyworks Solutions, Inc. has authorised the repurchase of up to $250 million of the company’s common stock from time to time prior to July 16th, 2015 on the open market or in privately negotiated transactions,
This is in compliance with applicable securities laws and other legal requirements.
This newly authorised stock repurchase program replaces in its entirety the $200 million stock repurchase program which was approved by the Board of Directors on November 8th, 2012, and had $35.6 million of repurchase authority remaining.
The timing and amount of any shares of the company’s common stock that are repurchased will be determined by the company’s management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time.
Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.
The company currently expects to fund the repurchase program using the company’s working capital. As of June 28th, 2013, the company says it had cash and cash equivalents of approximately $400.3 million.
Skyworks honoured by Lenovo
The company has been awarded for innovation, reliability and scalability
Skyworks Solutions, Inc. has received the “Outstanding Supplier and Perfect Quality” award from Lenovo for product innovation, delivering perfect quality solutions and serving as a strategic partner.
Skyworks is Lenovo’s main provider of analogue and RF solutions, having supported the company through several major product launches and growth in market share. Lenovo leverages a variety of Skyworks’ products including SkyHi front- end solutions, multimode, multiband power amplifiers, switches, diodes and global positioning system devices, amongst others.
“Lenovo congratulates Skyworks for their outstanding support and commitment to perfect quality,” says David Wang, vice president of procurement at Lenovo. “Over the past few years Skyworks and Lenovo have forged a strong relationship, one that has grown even stronger as Lenovo has become much more than a PC company. We are delighted with Skyworks’ reliable, high quality and turnkey solutions, and look forward to collaborating with them for years to come particularly as Lenovo expects to grow its market share in China and abroad.”
“At Skyworks we realise the success of our customers depends upon the strength of our services and reliability of our products and we appreciate Lenovo’s recognition of our journey towards perfect quality,” adds Kenneth J. Huening, vice president of quality at Skyworks.
“We are delighted to be partnering with Lenovo to enable a variety of personal technology platforms including smartphones, tablets and smart television with an increasing number of our analogue and connectivity solutions. We also recognise that delivering perfect quality is a key differentiator in today’s competitive market.”
With sales growing in India, Indonesia, the Philippines, Russia and Vietnam, Gartner predicts that Lenovo will become China’s top smartphone vendor in 2013. According to IDC, Lenovo already has the third highest worldwide market share for “Smart Connected Devices” which combines PC, smartphones and tablets.
Raytheon awarded $279 million to develop US Navy attack systems
The firm is leveraging its gallium nitride (GaN) based AESA technologies to provide warfighters with enhanced electronic attack capabilities
Raytheon Company has been awarded a $279.4 million cost- plus-incentive-fee contract by the U.S. Navy to conduct the Technology Development phase of the Navy’s Next Generation Jammer program.
“We believe the Navy’s choice validates Raytheon’s leadership in advanced electronic attack systems and technologies,” says Rick Yuse, president of Raytheon’s Space and Airborne Systems business. “Raytheon looks forward to building on our long-standing relationship with the U.S. Navy as we provide the warfighter with innovative and reliable Next Generation Jammer solutions now and for many years to come.”
Raytheon leveraged knowledge and experience as a leading tactical weapon systems integrator to provide an affordable,
August/September 2013
www.compoundsemiconductor.net 109
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