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Skyworks Announces Plans to Initiate Quarterly Dividend Program

  Skyworks Announces Plans to Initiate Quarterly Dividend Program

 Strong Cash Flow Generation Supports Dividend Plan, Supplementing Previously
                      Announced Stock Repurchase Program

Business Wire

WOBURN, Mass. -- March 3, 2014

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 adopted a dividend policy pursuant to which
the Company intends to pay quarterly cash dividends on its common stock.
Subject to declaration by the Board of Directors, the Company plans to
initiate a quarterly dividend of $0.11 per share sometime within its third
fiscal quarter of 2014, which begins on April 1, 2014.

“Skyworks has emerged as one of the world’s largest suppliers of high
performance analog solutions and, as a result, we have continued to strengthen
our business model and financial returns,” said Donald W. Palette, vice
president and chief financial officer of Skyworks. “Initiating a dividend,
coupled with our existing stock repurchase program, enables us to return
additional free cash flow to shareholders. Most importantly, our stock
repurchase program and dividend plans reflect that we are extremely confident
in our future and expect strong top and bottom line growth going forward.”

About Skyworks

Skyworks Solutions, Inc. is an innovator of high performance analog
semiconductors. Leveraging core technologies, Skyworks supports automotive,
broadband, wireless 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
without limitation information relating to future results and expectations of
Skyworks and plans for dividend payments. 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 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,
military and geo-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:
Stephen Ferranti, 781-376-3056
 
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