Skyworks Solutions (NASDAQ: SWKS) has been picking up steam with its continued smart grid developments. The company provides chips and solutions for the growing demand in smart grid technologies. Skyworks provides chips for smart water, gas, and electric meters. Remote metering applications is also in the company's portfolio. Skyworks has over $400 million of cash on hand and minimal debt, which makes its balance sheet look pristine.
MEMC Electronic Materials (NYSE: WFR) is also on the smart grid business. The company produces various types of chips which are used in smart grid applications. It focuses on solar wafers however, and it building its own solar smart grid which helps companies save money and go solar for realistically viable prices. The company boasts almost $600 million in cash and equivalents and rapid revenue growth as the solar industry once again becomes economically favorable.
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