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
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.
Shares of Texas Instruments slipped Wednesday after the chip maker did not raise its sales forecast as some investors expected.
Texas Instruments narrowed its earnings and revenue guidance for the third quarter on Tuesday afternoon, sending shares lower in after-hours trading.
Intel raises 3Q sales outlook by $200M
Intel raised its third-quarter revenue forecast and said global demand for computing products was stronger than expected, sending its shares up sharply.
Intel Corp. held a groundbreaking ceremony Saturday for its first chip factory in China, expanding its presence in the booming Chinese computer industry and boosting Beijing's campaign to lure foreign high-tech investment.
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.