icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Lantronix's Loss, Skyworks' Gain: Philip Brace's New Role

Wesley ParkWednesday, Feb 5, 2025 4:55 pm ET
5min read



In a significant development, Lantronix Inc. (NASDAQ: LTRX) has announced that Philip Brace, a member of its board of directors since August 2023, will be departing to join Skyworks Solutions Inc. (NASDAQ: SWKS) as its new CEO. This strategic move, effective February 17, 2025, comes as Skyworks seeks to navigate the dynamic landscape of the semiconductor industry.

Brace's appointment is the culmination of a comprehensive succession planning process conducted by Skyworks' board, with the assistance of an executive search firm. He succeeds Liam K. Griffin, who will step down after 23 years with the company. Christine King, previously the lead independent director, has been appointed as the new Chairman of the Board.

SWKS Net Income YoY, Total Revenue YoY


Brace brings extensive experience in the semiconductor, server, IoT, and storage industries, having held various roles across software, hardware, engineering, marketing, and sales. His tenure as president and CEO of Sierra Wireless from July 2021 to January 2023 demonstrates his ability to lead significant operational improvements. Prior to this, he served in executive roles at Veritas Technologies and Seagate Technology. Brace's diverse background and expertise make him an ideal candidate to lead Skyworks through the challenges and opportunities that lie ahead.

The timing of Brace's appointment is strategic, as the semiconductor industry faces several critical inflection points, including the ongoing transition to advanced 5G infrastructure, growing demand for IoT connectivity solutions, and increasing competition in RF semiconductors. Brace's appointment comes at a time when Skyworks is poised to capitalize on these trends and solidify its position in the market.



Investors should monitor several key areas in the coming quarters to assess the impact of Brace's appointment on Skyworks' future growth and market position. These include potential strategic shifts in product development and market focus, changes in customer relationship management, operational efficiency initiatives, and R&D investment priorities in emerging technologies.

In conclusion, Philip Brace's appointment as CEO of Skyworks Solutions Inc. represents a strategic move for the company, as it seeks to capitalize on the growing demand for IoT connectivity solutions and the ongoing transition to advanced 5G infrastructure. With his extensive experience in the semiconductor industry and proven track record of driving operational improvements, Brace is well-positioned to lead Skyworks through the challenges and opportunities that lie ahead. Investors should closely monitor the company's progress under Brace's leadership to assess the potential impact on its future growth and market position.
Comments

Post
Stevitop
02/06
$SWKS really like this one will grab small amounts asap
0
mia01zzzzz
02/06
$SWKS is selling at 10 times its cash flow, which is great for a company with a clean balance sheet and $3.5 billion in equity. The issue is this news affecting 2026 revenues. The company will likely figure it out, but we won't know the details for a few quarters. Until then, it's a nervous time. I own some, averaging in the high 90s. I'm just waiting and enjoying the dividend for now.
0
Throwaway420_69____
02/06
@mia01zzzzz How long you planning to hold $SWKS? Curious if you're thinking years or just riding the dividend till the dust settles.
0
Ecstatic_Book4786
02/06
$SWKS Got in during the after hours dip. Looks like a five year low.
0
zarrasvand
02/06
$SWKS to 70+ tomorrow
0
CommonEar474
02/05
$SWKS will drop below 60 and then fall to 50 bucks
0
lies_are_comforting
02/05
$SWKS shared their Gross Margins for Q1. Check it out here: http://www.estimize.com/intro/swks?chart=historical&metric_name=gross_margins&utm_content=SWKS&utm_me
0
amanoraim
02/05
@lies_are_comforting Margins up, but watch for market volatility.
0
Bossie81
02/06
@lies_are_comforting Gross margins look solid. Skyworks is strong.
0
Loud_Ad_6880
02/05
Skyworks finally found their ace, LTRX's loss
0
MrJSSmyth
02/05
Brace's exit from Lantronix might sting short-term, but his impact at Skyworks could be massive.
0
MarshallGrover
02/05
Brace's background is 🔥 for Skyworks' future
0
WorgenFurry
02/05
5G and IoT, Skyworks is in the zone.
0
CrimsonBrit
02/05
Skyworks got a new CEO, but will $SWKS keep climbing or hit the saturation point?
0
maxckmfk
02/05
Skyworks snagged a big fish. Brace's resume is a who's who of tech powerhouses. 🚀
0
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App