High-performance analog semiconductor maker Skyworks Solutions Inc. (SWKS) was one of thousands of exhibitioners who showed up in Las Vegas last week at the annual Consumer Electronics Show, the largest in the world.

CEO Optimistic on Auto Chips

Among emerging technology such as Internet of Things (IoT), cloud-based, augmented and virtual reality technology, a large focus of CES 2017 focused around the autonomous vehicle space. Alongside traditional car manufacturers, chipmakers including Woburn, Mass.-based Skyworks are anticipating the rise of autonomous vehicles to drive long-term demand for their new innovations. (See also: Skyworks Releases New IoT Applications.)

Skyworks Chief Executive Liam Griffin, who took over from former CEO David Aldrich seven months ago, indicated the firm’s new focus on the automotive segment at CES, reports Barron’s. While automotive chips comprise a relatively small 5% of the company’s total revenue, Griffin indicated the space is “very fast growing.”

Connected Cars and Bandwidth

While Skyworks already provides LTE modules in automotive for telematics, Griffin says the firm is “really excited” about a large need for wireless bandwidth in connected cars within the next two to five years. In that time, the CEO projects “the amount of data that will be delivered to and from the car will be five times more than the bandwidth used by a normal smartphone.”

Skyworks has attempted to diversify products outside of its main smartphone market, with major customers such as Apple Inc. (AAPL) and Samsung taking up a large percentage of the firm’s sales. Although Griffin foresees the adoption of autonomous vehicles to “take a while,” he foresees connected cars driving demand for Skyworks’ complex wireless parts. (See also: How Skyworks Transitioned in 2016.)

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