Semiconductor stocks have taken a beating in the past few months, courtesy over worries of a slowdown in China cutting into the demand for technological gadgets. Jim Cramer decided to circle back to the group to see if it is safe to invest in high quality semiconductor stocks.
Skyworks Solutions is a maker of high-performance radio frequency and analog chips for smartphones, tablets, cars, GPS, broadband and wireless networking. It also contributes to various industrial, medical and military applications.
It has been speculated that Skyworks gets as much as a third of its total sales from Apple, though Apple discourages any discussion of its relationship with suppliers, so that figure is unconfirmed. Still, as Apple has been slammed in recent months over weakening iPhone demand in China, Skyworks has been dragged down along with it.
Now that Skyworks is down more than 22 percent from its June highs, has it finally become safe to buy again? To find out, Cramer spoke with Skyworks Solutions Chairman and CEO David Aldrich.