Could Skyworks Solutions, Inc. Be a Millionaire Maker Stock?
Skyworks Solutions (NASDAQ: SWKS) -- which produces power amplifiers, front-end modules, and RF chips for a wide variety of markets -- rallied more than 1,200% over the past decade. This means that an investment of $100,000 back in 2007 would be worth $1.24 million today.
Skyworks was founded in 2002 through a merger between chipmakers Alpha Industries and Conexant Systems. But investor interest in Skyworks didn't pick up until Apple (NASDAQ: AAPL) launched its first iPhone in 2007. Skyworks became one of Apple's top suppliers, and 40% of its revenue came from the iPhone maker in fiscal 2016.
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Source: Fool.com
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