Stocks Climb on Dovish Fed Comments; Bernanke Up Next
Semiconductors and Semiconductor Equipment
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SAN FRANCISCO, May 16- Applied Materials, a maker of equipment used to manufacture chips, said on Thursday that demand for smartphone chips will help increase its revenues slightly in the current quarter and offset slowing demand from manufacturers hurt by slumping PC sales.
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Advanced Micro Devices is set to launch its highly publicized new server chip Monday, delivering the biggest jolt to its product lineup in four years.
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Chipmaker National Semiconductor said Thursday its fiscal first-quarter profit declined amid lower sales, though results improved sequentially, driven by growth in wireless mobile devices.
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Intel on Thursday introduced high-end processors for computer servers to compete with an upcoming new product from Advanced Micro Devices. Intel said the six new Quad-Core Xeon 7300 series processors can deliver more than twice the performance over its previous-generation dual-core products.
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Chip maker LSI Corp. said Wednesday it will acquire a silicon and software maker for $85 million in cash to enhance its position in producing security software applications.
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Intel Corp. plans to respond quickly to a U.S. Federal Trade Commission request for more information on a plan to merge its flash memory chip business with that of Switzerland's STMicroelectronics NV.
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Semiconductor company Sigma Designs said fiscal second-quarter profit surged as sales more than double doubled. The company said it earned $8.6 million, or 32 cents per share, compared with a profit of $216,000, or a penny a share, during the same period a year prior.
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One of Advanced Micro Devices's most visible executives, sales chief Henri Richard, is preparing to leave the microprocessor company, CNET said on Wednesday.
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LSI rose 4% after the company said it would sell its mobile phone chip business to Germany's Infineon Technologies for $450 million in cash with potential performance-based incentives of up to $50 million, payable in the first quarter of 2009.
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Sprint Nextel stands to lose a $2 billion investment in a new phone feature if a court bars Qualcomm from making the necessary chips, Qualcomm executives told the court on Thursday.
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Qualcomm, hoping to rebound from a string of legal setbacks, urged a federal judge Tuesday to reject a competitor's request to stop it from selling cell phone chips that infringe on patents.
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Global semiconductor sales in the second quarter fell 2% from the previous quarter to $59.9 billion, as falling prices outweighed a 7% rise in total unit shipments, an industry group said on Friday.1st paragraph of story should go here
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Swiss chipmaker STMicroelectronics said Wednesday it fell to a loss in the second-quarter as restrucuring charges weighed on results.
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Shares in Europe's largest chipmaker STMicroelectronics fell 4.6% following disappointing quarterly results and a cut in its growth expectations for the industry.
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Texas Instruments posted a lower quarterly profit on weak demand for its calculators and other products, and gave a disappointing revenue forecast for the third quarter, sending shares down 3% on Monday.
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Billionaire investor Carl Icahn does not hold shares in Korea's Samsung Electronics and has no plans to bid for the company, contrary to press speculation in the last week, an Icahn representative said on Tuesday.