SAN FRANCISCO, April 16- SanDisk Corp increased its outlook for gross margins in 2014 as fast-growing sales of its high-end solid-state drives helped offset volatile prices for memory chips.» Read More
Sentiment has been weakening in the chip sector for the last week, and yesterday (Wednesday) the bears pounced on Lam Research.
Advanced Micro Devices said Dirk Meyer has resigned as president, CEO and director and will be succeeded on an interim basis by CFO Thomas Seifert.
Not all tech is created equally, but for most of tech this one point often gets lost in the translation. Beyond the hype, it's really just another cyclical industry, just with some cycles longer than others.
History has a way of repeating itself in the semiconductor industry. And it's happening again with bloated chip inventories.
The earnings warning by graphics chip maker Nvidia spacer may be a symptom of bigger things, such as a glut of semiconductors.
Worries about future demand for memory chips pounded Micron Technology shares in Tuesday morning trading.
Competition in the computer chip market from Apple and others does not worry Intel, CFO Stacy Smith told CNBC Tuesday.
The Semiconductor Industry Association reported that its sales are expected to grow by 10 percent to $242.1 billion in 2010 and by more than 8 percent to $262.3 billion in 2011 in its annual industry forecast.
Global semiconductor sales continued to improve in the third quarter, according to an industry trade group, though revenue remains below year-ago levels.
Initially rolled out by Microsoft in 2006, the Zune was positioned as a wannabe iPod killer – and was promptly squashed by Apple’s popular system. Now the Zune HD, a redesigned, flashier version of the system, is hitting retail shelves.
Worldwide sales of semiconductors will fall 21 percent this year, the Semiconductor Industry Association projected Friday.
Chip designer Analog Devices posted sharply lower profit and sales for its fiscal second quarter Tuesday amid the economic turmoil that has dampened global chip demand.
Intel, the world's biggest computer chipmaker, is comfortable with its forecast for revenue in the current third quarter, its chief financial officer said on Tuesday.
SanDisk Monday reported a sharp swing to a loss in its quarterly results as pricing was hurt by an industry glut of memory chips for gadgets, sending its shares down 9 percent after-hours.
Yum Brands, parent company of Taco Bell, Pizza Hut and KFC, on Wednesday posted a 5 percent rise in quarterly profit, but shares fell more than 5 percent as rising commodity prices ate into restaurant margins in the United States and China.
CSX, the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday, as strong pricing offset a 3 percent decline in freight volumes.
Intel said on Tuesday quarterly net income rose 25 percent, helped by strong sales of microprocessors used in notebook computers, and gave a revenue forecast that topped expectations.
Shares for graphics chipmaker Nvidia will be under pressure after the company warned on Wednesday that revenues and gross margin would miss analysts' estimates due in part to weak demand.
The Semiconductor Industry Association on Wednesday cut its forecast for growth in global sales of semiconductors in 2008, citing lower prices due to competition in the memory chip sector.
Analog chipmaker National Semiconductor on Thursday posted a lower fourth quarter net profit, but revenues and earnings topped expectations as it sold more profitable chips, and shares jumped.