Chief Executive Officer, President & Director, Skyworks
Search every verified Philip Brace interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In 2016 and 2017, Brace discussed Skyworks' role in the mobile internet ecosystem, describing the cellphone as the "heart beating and quarterback" of the industry while noting the company's expansion into IoT, connected homes, and automobiles. He stated that about 25% of revenue came from IoT and that the company had products in devices such as Nest thermostats, Google and Roku entertainment devices, and Whirlpool appliances. Brace said Skyworks was solving connectivity problems for new markets by deploying technology perfected in cell phones, and he described an automobile as a "rolling hub" where the company had become a significant player. Brace addressed the company's financial performance and market position, noting that revenue had grown from $700 million in 2005 to $3.3 billion and that the stock had risen from $8 to nearly $80 over the same period. He said the company had not missed a quarterly report since 2008 and was targeting $8 in earnings per share within one and a half to two years. Regarding the Galaxy Note 7 situation, Brace said Skyworks did not expect a direct financial impact from Samsung. He also discussed M&A, stating that the company was generating cash and was debt-free but would remain disciplined in pursuing acquisitions. Brace highlighted growth opportunities in China, India, Latin America, and the Middle East, citing two billion people without connectivity.
“What is really important about our business today is this mobile internet ecosystem that we support. It's tremendous, vibrant, and profitable, driving change in the hardware as more wireless engines are created every day, and our ability to deliver solutions keeps getting better.”
“The cellphone is still the heart beating and quarterback of our industry, but the internet economy is pervasive in everything we do today. Skyworks has a great position in access points, routers, and IoT devices, supporting technologies like Bluetooth, Wi-Fi, and ZigBee.”
“Samsung is one of the leaders in the industry and certainly a customer of ours. We don't expect any direct financial impact from the Galaxy Note 7 situation, but it highlights the complexity and challenges in mobility, especially with the push for battery performance, higher frequencies, and data rates.”
“M&A is always an opportunity for us. We are generating a ton of cash, are debt-free, and have been disciplined with acquisitions, including recent deals with Panasonic joint venture in Japan and SCI G Microsystems to bring Wi-Fi into our portfolio. While M&A is on the radar, we will be disciplined and only act when the...”
“Our stock was $8 in 2005 and is close to $80 today. We were $700 million in revenue then and are $3.3 billion now. This growth reflects our disciplined approach and strong market position.”
“The consolidation in the semiconductor industry is good because customers want best-in-class solutions and integration. Skyworks' secret sauce is integrating disparate discrete components into configured, tuned, and tested modules for customers.”
“China has been growing as a market with a shift from 2G to 3G and now early innings of 4G upgrades. Companies like Huawei, Xiaomi, and others are strategic for us. India, Latin America, and the Middle East have phenomenal potential with two billion people still lacking connectivity.”
“We were an early mover in taking and deploying technology that we perfected in cell phones and in Wi-Fi and connectivity into a whole host of IoT applications and vertical markets. So, we're in the home, we're in Nest thermostats and smoke detectors, Google and Roku entertainment devices, light bulbs, and continuing to...”
“About 25% of our revenue today is from IoT and it's growing sequentially and year over year. It'll continue to outpace the market to become a larger and larger component of our business.”
“Skyworks better than we think anybody in the world is able to simplify the complexity of knitting all those different solutions together in the home, making it affordable, small, low power consumption, and driving high-speed, reliable connectivity.”
“We didn't wake up one day and say we want to be an IoT player or in smart automobiles or connected home. We're basically solving the problems we've had to solve with our cellular and smartphone customers for these new companies entering markets that have never been connected.”
“An automobile today is a rolling hub with all devices and connectivity, and we could play a major part. We went from having very little relevance in automobiles to it being a very big piece of our growth story.”
“We've got a large customer who's working off some inventory, and we're going to feel that in the March quarter. Despite worries with China and so on, we delivered revenue up 17% year-over-year and earnings up 30% year-over-year. We are now a 40% operating income company with growth far in excess of the market.”
“We are playing in the right space: mobility, connectivity, and increasingly in vertical markets that are connected for the first time ever. As we become more important to our end customers, we have more visibility into the second half of 2016, expecting a terrific second half.”
“Our midterm model was to pass through $6 of annual EPS. Our midterm model now is to get to $8 in EPS in one and a half to two years. We'll grow faster than the market, do it carefully, and are conservative in managing operating expenses.”
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