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  • GlobalFoundries: No layoffs in IBM chip units Monday, 20 Oct 2014 | 2:17 PM ET

    ALBANY, N.Y.— GlobalFoundries' chief executive said Monday the chip manufacturer plans no shutdowns or layoffs at the IBM semiconductor factories in New York's Hudson Valley and Vermont that it is acquiring. CEO Sanjay Jha told reporters on a conference call that GlobalFoundries will welcome about 5,000 IBM employees, including "800 of the best technologists...

  • Oct 20- IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM took a related pre-tax...

  • IBM plant sold, stays in Vermont Monday, 20 Oct 2014 | 7:05 AM ET

    BURLINGTON, Vt.— The plan by IBM to pay a company to take over its microelectronics operation, including its plant in Essex Junction, is good news for Vermont because the company that hopes to buy it is a leader in the computer chip manufacturing industry, Gov. The deal, announced Monday, ends months of uncertainty about the future of the IBM plant, one of Vermont's...

  • Oct 19- IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter. IBM will pay Globalfoundries $1.5 billion to take the chip operations off its hands, WSJ said. IBM issued an advisory on Sunday saying it would make a "major business...

  • Analyst chip picks     Friday, 17 Oct 2014 | 1:40 PM ET

    CNBC's Morgan Brennan rounds up the wild ride for semiconductor stocks this week after Microchip's warning, and which chip stocks are performing best.

  • SanDisk's shares fell 5 percent in extended trading, after the company also reported lower-than-expected revenue for the third quarter. SanDisk, a supplier of memory chips for Apple Inc's iPhones, in June bought Fusion-io Inc, a solid-state storage products maker. SanDisk forecast revenue of $1.80 billion- $1.85 billion for the fourth quarter ending...

  • SanDisk's shares fell 5 percent in extended trading, after the company also reported lower-than-expected revenue for the third quarter. SanDisk, a supplier of memory chips for Apple Inc's iPhones, bought Fusion-io to enter the high-margin solid-state drives business. SanDisk forecast revenue of $1.80 billion- $1.85 billion for the fourth quarter ending...

  • Oct 16- Xilinx Inc reported better-than-expected quarterly revenue and profit due to higher sales of programmable chips to industrial, aerospace and defense customers, sending the company's shares up 5 percent in extended trading. The segment accounted for 41 percent of Xilinx's total revenue in the quarter. Semiconductors made by Xilinx are sold off the...

  • Programmable chipmaker Xilinx's quarterly revenue rises Thursday, 16 Oct 2014 | 4:45 PM ET

    Oct 16- Programmable chipmaker Xilinx Inc reported a rise in quarterly revenue due to higher sales to industrial, aerospace and defense customers. The company's net income rose to $171.5 million, or 62 cents per share, in the second quarter ended Sept. 27 from $141.5 million, or 49 cents per share, a year earlier. Semiconductors made by Xilinx are sold off the shelf...

  • Oct 16- SanDisk Corp reported a better-than-expected adjusted quarterly profit, helped by higher sales of memory chips used in Apple Inc's iPhones and solid-state hard drives. However, SanDisk's net income fell to $262.7 million, or $1.09 per share, in the quarter ended Sept. 28 from $276.9 million, or $1.18 per share, a year earlier, due to higher expenses.

  • Cypress meets 3Q profit forecasts Thursday, 16 Oct 2014 | 8:27 AM ET

    SAN JOSE, Calif. _ Cypress Semiconductor Corp. on Thursday reported net income of $12.8 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. Analysts expected $188.3 million, according to Zacks.

  • Fairchild Semiconductor reports 3Q loss Thursday, 16 Oct 2014 | 8:06 AM ET

    SAN JOSE, Calif. _ Fairchild Semiconductor International Inc. on Thursday reported a loss of $1 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. For the current quarter ending in December, Fairchild Semiconductor said it expects revenue in the range of $340 million to...

  • Intel says PC shows signs of life     Wednesday, 15 Oct 2014 | 6:22 AM ET

    Chris Caso, Susquehanna Financial, weighs in on Intel's future and relationship with Microsoft.

  • *Qualcomm beats out possible bidder Microchip for CSR. *CSR purchase helps Qualcomm diversify beyond phones. Qualcomm Inc agreed to buy CSR Plc for $2.5 billion, offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices.

  • Qualcomm trumps Microchip with $2.5B deal for CSR Wednesday, 15 Oct 2014 | 3:39 AM ET

    Qualcomm has agreed to buy chip maker CSR for $2.5 billion, pushing out its rival Microchip Technology to win the British Bluetooth specialist.

  • UPDATE 1-ASML says on track to hit year's sales target Wednesday, 15 Oct 2014 | 3:23 AM ET

    AMSTERDAM, Oct 15- Dutch electronic chip manufacturing equipment maker ASML reported a drop in quarterly sales on Wednesday but said it was still on track to hit its full-year target as it delivers on two system orders that were delayed. Sales figures from ASML, which supplies chip lithography systems to all of the world's largest chip makers, including Intel,...

  • LONDON, Oct 15- Qualcomm Inc has agreed to buy chip maker CSR Plc for $2.5 billion, pushing out its rival Microchip Technology to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices. Qualcomm, the world's number one mobile chipmaker, has agreed to pay 900 pence a share in cash for CSR, representing a 56.5 percent...

  • Hideout chip names: Intel & Qualcomm     Tuesday, 14 Oct 2014 | 5:06 PM ET

    Chris Rolland, FBR senior equity analyst, is monitoring Intel's Q3 earnings conference call. The "Fast Money" traders take their positions in the chip space.

  • Shares of Skyworks, which counts Apple Inc among its customers, rose as much as 11 percent in early morning trading. Shares of other suppliers to Apple such as RF Micro Devices Inc, NXP Semiconductors NV and Avago Technologies Ltd were also up on the news. Sterne Agee analysts Vijay Rakesh and Troy Cowdrey said the companies were placed well, as Apple was set to...

  • BEIJING/ SAN FRANCISCO, Oct 14- Intel's investment of up to $1.5 billion in two fast-growing Chinese mobile chipmakers has effectively aligned the U.S. giant with a third party- a Beijing government intent on producing a viable domestic challenger to the likes of Qualcomm and Samsung. The deal hashed out by Intel Corp Chief Executive Brian Krzanich over 24 hours...