Shares of Skyworks Solutions (SWKS) were plummeting 30% in pre-market trading Thursday after the mobile chip supplier said it expected to lose space in Apple's (AAPL) next-generation iPhone.
Skyworks also named Philip Brace its next chief executive officer, effective Feb. 17. Brace will succeed Liam Griffin, who is retiring. Brace was most recently CEO of Inseego, a 5G mobile company.
Skyworks Solutions is a semiconductor products manufacturer ... Skyworks often makes it to the news in relation to Apple Inc, as it is one of the suppliers for the tech giant.
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