Skyworks Unveils Next-Gen EV Gate Driver Platform, Boosting Inverter Efficiency by Up to 44%
SWKS sits 46% above its 52-week low of $51.93.
Summary
Skyworks Solutions unveiled its new Si829x isolated safety gate driver platform for electric vehicle (EV) traction inverters, featuring ProVCD™ technology. This next-generation platform aims to improve inverter efficiency by up to 44% and reduce system costs, supporting scalable designs across SiC and IGBT architectures. The product, which meets ISO 26262 functional safety standards up to ASIL D, positions Skyworks to capitalize on the growing EV market. This product development follows the company's recent announcement of an $8.6 billion acquisition of Qorvo, a significantly larger strategic move. Production is planned for end July 2026.
At the time of this announcement, SWKS was trading at $75.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $11.3B. The 52-week trading range was $51.93 to $90.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.