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Skyworks gives weak preliminary results, cites weakness across largest smartphone customers

Skyworks Solutions issued weak first quarter guidance Tuesday. The semiconductor company lowered revenue projections to $970 million from $1 billion to $1.02 billion. “First fiscal quarter results were impacted by unit weakness across our largest smartphone customers,” said Liam K. Griffin, president and chief executive officer of Skyworks, in a …

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Economy faces weak lira, inflation, debt and tariffs

Turkey is not the only economy with “twin” deficits and high amounts of foreign currency debt. Indonesia, for example, also runs fiscal and current account deficits and its foreign currency borrowing is roughly 30 percent of GDP. But unlike Indonesia, Turkey doesn’t have large enough reserves to rescue the economy …

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