Skyworks Solutions has named Philip Carter as its new chief financial officer, starting September 8.

Carter is leaving Advanced Micro Devices, where he was corporate vice president and chief accounting officer since November 2024.

Carter previously worked at Skyworks from 2017 to 2024 as vice president and corporate controller.

He will replace board member Robert Schriesheim, who has been interim CFO since May and will remain on the board.

Carter’s compensation includes a US$600,000 annual base salary, a target annual cash incentive equal to his salary, and an US$800,000 signing bonus payable after two years.

AMD said Carter’s departure was not related to any disagreements over accounting or financial reporting.

🔗 Source: Reuters

🧠 Food for thought

1️⃣ Semiconductor companies compete aggressively for experienced financial leadership during growth cycles

Philip Carter’s career trajectory illustrates the competition for seasoned financial executives in the semiconductor industry.

Carter left Skyworks in 2024 after seven years in various finance roles, joined AMD as corporate vice president and chief accounting officer in November 2024, only to return to Skyworks as CFO less than a year later1.

This hiring pattern reflects how companies are competing for financial talent who understand the complexities of semiconductor operations during a period of significant industry growth.

The semiconductor industry is projected to reach $697-701 billion in sales in 2025, representing an 11% growth driven by AI, data centers, and emerging technologies23.

Skyworks is offering Carter a compelling package with a $600,000 base salary, 100% bonus target, and an $800,000 signing bonus that vests over 24 months, indicating the premium companies are willing to pay for experienced financial leadership1.

2️⃣ Companies prioritize financial stability amid supply chain and regulatory uncertainties

Carter’s return to Skyworks comes as semiconductor companies navigate significant operational and regulatory challenges that require experienced financial stewardship.