SAN FRANCISCO, Aug 29- Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at Qualcomm Inc, to co-manage the development of the company's chips, an Intel spokesman said on Friday.» Read More
Shares of South Korean memory chipmaker Hynix Semiconductor rose sharply on Thursday following news that the World Trade Organisation had sided in its favor in a tariff dispute with Japan.
Memory chip maker Micron Technology Incsaid Wednesday that it was entering the market for solid-state drives for use in computer, server and networking devices, sending its shares up more than 6 percent.
Samsung Electronics said on Wednesday the oversupply situation in computer chips was expected to ease in 2008, especially in the second half, but that fourth-quarter telecom profit would come in lower than in the third.
Applied Materials the largest supplier of tools for making microchips, gave a profit forecast on Wednesday that was far below Wall Street expectations, sending shares down 5 percent.
Global sales of microchips are expected to increase 7.7 percent in 2008, accelerating from a raised growth forecast of 3.8 percent this year, an industry group said Wednesday.
Texas Instruments said quarterly earnings grew 16 percent from the year-ago quarter thanks to strong analog chip sales, but the mobile chipmaker forecast revenues below analysts' estimates, sparking a drop in its stock.
Intel posted a 43% increase in quarterly profit, helped by higher sales of notebook personal computer microprocessors and its restructuring efforts. Shares surged after-hours.
Dutch chip equipment maker ASML said on Wednesday it received orders for 40 machines in the third quarter, broadly in line with average analyst estimates, as bookings rebounded from a second-quarter slump.
Samsung Electronics, the world's top memory chipmaker, on Thursday said quarterly profits remained flat as sluggish computer memory chip prices offset booming sales of flat screens.
Lam Research on Wednesday posted a better-than-expected rise in it fiscal fourth quarter revenue, paced by market share gains.
As gadget makers like Apple (AAPL) and Research in Motion (RIMM) soar to new highs, the chip makers, such as Micron (MU), can’t seem to keep up. Carter Worth turns to the charts for a two-faced tech trade. How can tech keep rallying without chips – the backbone of the sector?
Microchip maker Spansion said it will acquire Israeli flash memory developer, Saifun Semiconductors, in a stock and cash deal valued at $368 million to expand into technology licensing business.
When you hear the names Intel, Qualcomm and Texas Instruments, healthcare isn’t the first thing that comes to mind, but that could change.
Stocks ended lower on Wednesday as strong manufacturing data released this morning offset broad declines in the tech sector. "From a technical perspective, seeing this kind of pullback is not bad, you want to see consolidation and see some base build," said Sean Brodrick, senior commodities analyst at MoneyandMarkets.com.
Memory chipmaker Micron Technology posted a quarterly loss versus a year-ago profit, hit by declines in prices for chips used in digital cameras, music players and other devices.
Intel said on Wednesday it had won a mobile WiMax chip order from the world's top cellphone maker Nokia, which will use its semiconductors in Internet-focused devices from 2008.
Nvidia is rolling out a graphics microchip that will be embedded in the main collection of components that make up a personal computer, as the company goes toe to toe with Intel in the integrated graphics chip market.
Texas Instruments said Friday its board has approved an additional $5 billion share buyback and the company plans to raise its quarterly cash dividend by 25 percent.
Intel said on Tuesday it would be able to mass-produce computer processors with features one-third smaller than the current cutting edge within two years.
Intel shares slipped Friday, after a Merrill Lynch analyst downgraded the chipmaker's stock to neutral from buy.