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Semiconductors and Semiconductor Equipment

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  • 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...

  • 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...

  • *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...

  • 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...

  • Intel expected to post double-digit earnings growth Monday, 13 Oct 2014 | 5:20 PM ET
    Brian Krzanich, CEO of Intel Corp.

    Intel's shares rallied more than 24 percent in 2014, and now analysts expect increases in both earnings and revenue.

  • 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...

  • NEW YORK, Oct 10- The S&P 500 and Nasdaq on Friday posted their largest weekly declines since May 2012 and the Dow turned negative for the year, led down by technology stocks after a chipmaker warned of a major pullback in the industry. Some pinned the slide to concern about the Federal Reserve's imminent ending of its asset purchases stimulus, as well as worries...

  • NEW YORK, Oct 10- The S&P 500 and Nasdaq on Friday posted their largest weekly declines since May 2012 and the Dow turned negative for the year, led down by technology stocks after a chipmaker warned of a major pullback in the industry. Some pinned the slide to concern about the Federal Reserve's imminent ending of its asset purchases stimulus, as well as worries...

  • How the Dow Jones industrial average did Friday Friday, 10 Oct 2014 | 4:55 PM ET

    U.S. stocks ended lower Friday, turning in the worst weekly performance since May 2012. The declined capped a turbulent week in the market amid fears that the global economy could sputter. Technology shares were especially hard hit as several semiconductor makers slumped.

  • US stocks close out worst week since May 2012 Friday, 10 Oct 2014 | 4:13 PM ET

    U.S. stocks are closing out a turbulent week with another loss, giving the market its worst week since May 2012. Technology shares were especially hard hit. Semiconductor makers slumped after Microchip Technology cut its sales forecast for the quarter and warned investors to expect bad news from others in the sector.

  • Chipmakers led the decline, with the PHLX semiconductor index down 6.6 percent, the most for any day since mid February 2009, after Microchip Technology warned of a broad-based industry downturn. Microchip Tech shares tumbled 11.9 percent and the SOX entered correction territory, falling as much as 15.4 percent from a 13- year high hit less than a month ago.