Despite market volatility amid the U.S./China trade war and Huawei component bans, the mid-term outlook for 5G radio frequency component suppliers into China is positive, JPMorgan analyst Bill Peterson tells investors in a research note. The analyst believes both Overweight-rated Qorvo (QRVO) and Neutral-rated Skyworks (SWKS) are well positioned to benefit from an "aggressive" 5G smartphone ramp in China as we move through next year and into 2021. He expects 5G smartphone prices to come down and as more smartphone makers in China utilize additional cellular modem suppliers.