Skyworks Announces New $250 Million Stock Repurchase Program

  Skyworks Announces New $250 Million Stock Repurchase Program

Business Wire

WOBURN, Mass. -- July 18, 2013

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance
analog semiconductors enabling a broad range of end markets, today announced
that its Board of Directors has authorized the repurchase of up to $250
million of the company's common stock from time to time prior to July 16, 2015
on the open market or in privately negotiated transactions, in compliance with
applicable securities laws and other legal requirements. This newly authorized
stock repurchase program replaces in its entirety the $200 million stock
repurchase program which was approved by the Board of Directors on November 8,
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 28, 2013, the company had cash and cash
equivalents of approximately $400.3 million.

About Skyworks

Skyworks Solutions, Inc. is an innovator of high performance analog
semiconductors. Leveraging core technologies, Skyworks supports automotive,
broadband, cellular infrastructure, energy management, GPS, industrial,
medical, military, wireless networking, smartphone and tablet applications.
The Company’s portfolio includes amplifiers, attenuators, circulators,
demodulators, detectors, diodes, directional couplers, front-end modules,
hybrids, infrastructure RF subsystems, isolators, lighting and display
solutions, mixers, modulators, optocouplers, optoisolators, phase shifters,
PLLs/synthesizers/VCOs, power dividers/combiners, power management devices,
receivers, switches and technical ceramics.

Headquartered in Woburn, Mass., Skyworks is worldwide with engineering,
manufacturing, sales and service facilities throughout Asia, Europe and North
America. For more information, please visit Skyworks’ Web site at:
www.skyworksinc.com.

Safe Harbor Statement

This news release includes "forward-looking statements" intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include
information relating to the expectations of Skyworks with respect to the use
of its stock repurchase program. 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. All such statements are subject to
certain risks, uncertainties and other important factors that could cause
actual results to differ materially and adversely from those projected, and
may affect our future operating results, financial position and cash flows.

These risks, uncertainties and other important factors include, but are not
limited to: uncertainty regarding global economic and financial market
conditions; the susceptibility of the semiconductor industry and the markets
addressed by our, and our customers', products to economic downturns; the
timing, rescheduling or cancellation of significant customer orders and our
ability, as well as the ability of our customers, to manage inventory; losses
or curtailments of purchases or payments from key customers, or the timing of
customer inventory adjustments; the availability and pricing of third party
semiconductor foundry, assembly and test capacity, raw materials and supplier
components; changes in laws, regulations and/or policies, including the
possibility of expiring tax cuts combined with mandatory reductions in federal
spending, in the United States that could adversely affect either (i) the
economy and our customers’ demand for our products or (ii) the financial
markets and our ability to raise capital; our ability to develop, manufacture
and market innovative products in a highly price competitive and rapidly
changing technological environment; economic, social and political conditions
in the countries in which we, our customers or our suppliers operate,
including security and health risks, possible disruptions in transportation
networks and fluctuations in foreign currency exchange rates; fluctuations in
our manufacturing yields due to our complex and specialized manufacturing
processes; delays or disruptions in production due to equipment maintenance,
repairs and/or upgrades; our reliance on several key customers for a large
percentage of our sales; fluctuations in the manufacturing yields of our third
party semiconductor foundries and other problems or delays in the fabrication,
assembly, testing or delivery of our products; our ability to timely and
accurately predict market requirements and evolving industry standards, and to
identify opportunities in new markets; uncertainties of litigation, including
potential disputes over intellectual property infringement and rights, as well
as payments related to the licensing and/or sale of such rights; our ability
to rapidly develop new products and avoid product obsolescence; our ability to
retain, recruit and hire key executives, technical personnel and other
employees in the positions and numbers, with the experience and capabilities,
and at the compensation levels needed to implement our business and product
plans; lengthy product development cycles that impact the timing of new
product introductions; unfavorable changes in product mix; the quality of our
products and any remediation costs; shorter than expected product life cycles;
problems or delays that we may face in shifting our products to smaller
geometry process technologies and in achieving higher levels of design
integration; and our ability to continue to grow and maintain an intellectual
property portfolio and obtain needed licenses from third parties, as well as
other risks and uncertainties, including, but not limited to, those detailed
from time to time in our filings with the Securities and Exchange Commission.

The forward-looking statements contained in this news 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 Skyworks Solutions are trademarks or registered
trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United
States and in other countries. All other brands and names listed are
trademarks of their respective companies.

Contact:

Skyworks Media Relations:
Pilar Barrigas
(949) 231-3061
or
Skyworks Investor Relations:
Steve Ferranti
(781) 376-3056