Solutions announced that Philip Brace has been appointed president and chief executive officer and a member of the board of

IRVINE, Calif. - Lantronix Inc. (NASDAQ: NASDAQ:LTRX), a company specializing in AI Edge Intelligence for the Internet of Things (IoT), announced today that Philip Brace has stepped down from its board of directors to assume the role of chief executive officer at Skyworks Solutions Inc (NASDAQ:SWKS).

Shares in Irvine-based chipmaker Skyworks Solutions Inc. (Nasdaq: SWKS) fell 24% in after-hours trading after issuing a weak forecast for the current quarter and naming a new CEO. The company projected earnings per share below analyst estimates and predicted a decline in its mobile segment.

Skyworks Solutions, Inc. (SWKS) on Wednesday reported results for the first quarter, with profit dropping from last year, as revenues