NEW YORK— Chip supplier Fairchild Semiconductor is eliminating about 1,350 jobs in the U.S. and Asia— about 15 percent of its total workforce— to reduce costs. Fairchild said it will take charges of $36 million in restructuring and $25 million in depreciation, but the closures are expected to save Fairchild $45 million to $55 million a year.» Read More
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.
Analog chipmaker National Semiconductor on Thursday posted a lower quarterly net profit but revenues topped its own forecast as it sold more profitable chips, and shares rose 3 percent.
The Semiconductor Industry Association said worldwide sales of semiconductors grew 5.9% in April 2007 on a year-over-year basis, but sales were flat compared with March.
The chip sector is getting attention from options traders lately, according to one industry expert, and it's most likely due to consolidation speculation.