🔊 A quick look at Cirrus Logic

Cirrus Logic (Ticker:CRUS) is a rarely discussed semiconductor company that is up 2860% since 2009. Most of that growth was seen in the 2010s. Over the last 5 years Cirrus grew 51%, and over the last year they've only grown 9%. Let's take a deeper look into the Cirrus Logic business model to determine the opportunities and risks that may lie ahead.

What do they sell?

Cirrus Logic designs and sells high-performance microchips. They specialise in audio processing, and their products are widely used in smartphones, tablets, laptops, automobiles and professional audio equipment.

The below Sankey diagram breaks down the company's sources of revenue (both geography and products) and expenditure. So it's broadly split between audio and mixed-signal chips, with the majority of revenue coming from China.

Who are their main clients?