Tech Hardware
Tech Hardware Components and Solar
Skyworks is handset RF with a 67 percent Apple book
FY2025 revenue was $4.09B. Apple, through distributors and contract manufacturers, was 67 percent of sales. That is phones, tablets, PCs, and watches. It is not an AI accelerator, which is why Skyworks is here and not on AI Chips.
First Solar sold 17.5 GW of modules in 2025
Net sales rose 24 percent to $5.22B as third-party module volume rose 24 percent. 2023 is shown as dollars only. The annual report that year disclosed production, not GW sold.
The backlog shrank even as the factory ran harder
Contracted backlog fell from 78.3 GW at the start of 2024 to 50.1 GW at the end of 2025. 2025 included 8.3 GW of de-bookings. Visibility is still years of production. It is no longer a growing queue.
