4127--12/2/2008--SKYWORKS_SOLUTIONS

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{customer, product, revenue}

{property, intellectual, protect}

{cost, regulation, environmental}

{stock, price, operating}

{product, market, service}

{acquisition, growth, future}

{product, candidate, development}

{debt, indebtedness, cash}

{system, service, information}

{regulation, government, change}

{regulation, change, law}

{provision, law, control}

{personnel, key, retain}

{cost, operation, labor}

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{operation, international, foreign}

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We have incurred substantial operating losses in the past and may experience future losses. Our operating results may be adversely affected by substantial quarterly and annual fluctuations and market downturns. Our stock price has been volatile and may fluctuate in the future. The wireless semiconductor markets are characterized by significant competition which may cause pricing pressures, decreased gross margins and loss of market share and may materially and adversely affect our business, financial condition and results of operations. Our success depends upon our ability to develop new products and reduce costs in a timely manner. If OEMs and Original Design Manufacturers, or ODMs, of communications electronics products do not design our products into their equipment, we will have difficulty selling those products. Moreover, a design win from a customer does not guarantee future sales to that customer. Our manufacturing processes are extremely complex and specialized and disruptions could have a material adverse effect on our business, financial condition and results of operations. We may not be able to maintain and improve manufacturing yields that contribute positively to our gross margin and profitability. We are dependent upon third parties for the manufacture, assembly and test of our products. We are dependent upon third parties for the supply of raw materials and components. Our reliance on a small number of customers for a large portion of our sales could have a material adverse effect on the results of our operations. If we are unable to attract and retain qualified personnel to contribute to the design, development, manufacture and sale of our products, we may not be able to effectively operate our business. Lengthy product development and sales cycles associated with many of our products may result in significant expenditures before generating any revenues related to those products. Uncertainties involving the ordering and shipment of, and payment for, our products could adversely affect our business. We may be subject to claims of infringement of third-party intellectual property rights, or demands that we license third-party technology, which could result in significant expense and prevent us from using our technology. Many of our products incorporate technology licensed or acquired from third parties. If licenses to such technology are not available on commercially reasonable terms and conditions, our business could be adversely affected. If we are not successful in protecting our intellectual property rights, it may harm our ability to compete. We are subject to the risks of doing business internationally. We face a risk that capital needed for our business will not be available when we need it. Our leverage and our debt service obligations may adversely affect our cash flow. Accounting Rule Changes for Certain Convertible Debt Instruments Will Alter Trends Established in Previous Periods Remaining competitive in the semiconductor industry requires transitioning to smaller geometry process technologies and achieving higher levels of design integration. Increasingly stringent environmental laws, rules and regulations may require us to redesign our existing products and processes, and could adversely affect our ability to cost-effectively produce our products. We may be liable for penalties under environmental laws, rules and regulations, which could adversely impact our business. Our gallium arsenide semiconductors may cease to be competitive with silicon alternatives. To be successful we may need to effect investments, alliances and acquisitions, and to integrate companies we acquire. Certain provisions in our organizational documents and Delaware law may make it difficult for someone to acquire control of us.

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4127--12/2/2008--SKYWORKS_SOLUTIONS_INC