Skyworks warns of sequential quarterly revenue decline in biggest segment, names new CEO

Skyworks office in San Jose, California, USA

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Shares of Skyworks Solutions (NASDAQ:SWKS) on Wednesday plunged 24.2% in postmarket trading, after the semiconductor manufacturer reported a greater-than-anticipated fall in quarterly revenue and forecast a mid-to-high teens sequential decline in sales from its biggest segment for the current quarter.

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