Global networking solutions company Skyworks Solutions, Inc SWKS recently announced that it will exclusively provide RF content to empower the next generation 802.11ac Wave 2 devices of D-Link.
The Wave 2 devices support Multi-User Multiple Input Multiple Output (MU-MIMO) chip, which is expected to deliver remarkable improvement in wireless multi-media streaming. The new 802.11ac offerings help customers to meet the growing consumer demand to stream faster HD content between devices and simultaneously connect more wireless devices to home and enterprise networks. According to Cisco Visual Networking Index Forecast of May 2015, the routers are likely to handle approximately 82% of consumer Internet traffic, with the total Internet traffic growing by a CAGR (compounded annual growth rate) of 33% from 2015 to 2019.
Skyworks is well positioned to capitalize on the Internet of Things (IoT) market with rising demand for high-performance wireless solutions. Going forward, Skyworks expects to enhance business with continued investments in research and development to increase its IoT portfolio. By leveraging advanced networking solutions from Skyworks and D-Link, the users are likely to support applications with ever increasing bandwidth demands.
Skyworks designs, manufactures, and markets a broad range of high performance analog and mixed signal semiconductors that enable wireless connectivity. The company has its engineering, marketing, operations, sales and service facilities located throughout Asia, Europe and North America.
Skyworks currently has a Zacks Rank #1 (Strong Buy). Other stocks that look promising and are worth a look include NeoPhotonics Corporation NPTN carrying a Zacks Rank #1 (Strong Buy) and Ambarella, Inc AMBA and Himax Technologies, Inc HIMX, carrying a Zacks Rank #2 (Strong Buy).
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