Good article from IBD highlighting some of the points brought up here on why the QCOM JV is not a huge concern for SWKS:
Qualcomm’s (NASDAQ:QCOM) union with Japanese TDK is “much ado about nothing,” a Craig-Hallum analyst wrote Thursday as he reiterated a buy rating on fellow Apple (NASDAQ:AAPL) supplier Skyworks Solutions (NASDAQ:SWKS).
The Qualcomm-TDK joint venture, announced Wednesday and expected to be completed in 2017, won’t pose much threat to radio-frequency chip leaders Skyworks and Qorvo (NASDAQ:QRVO), nor touch Avago Technologies’ (NASDAQ:AVGO) filter offerings, Craig-Hallum analyst Anthony Stoss wrote in a research report Thursday.
“Despite Qualcomm’s efforts, Qualcomm 360 products have been unable to match the performance, customization and integration required by handset makers,” Stoss wrote. The products have “gained very small traction to date.”