Skyworks Solutions Inc. (SWKS)

[inversor86]

If.Then? Intel has made 30 acquisitions in the past 5 years. Skyworks needs to expand past their primary GaAs fab process into more CMOS while continuing to reduce their dependence on Apple (and therefore the market perception that they live and die with Apple sales). GaAs chips are like carburetors and CMOS is like fuel injection.

Skyworks did attempt to do this by acquiring PMC Sierra but management was stingy and let Microsemi MSCC outbid them. MSCC stock has nearly doubled since the acquisition was completed. Though correlation does not imply causation.