March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector. The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the...» Read More
Still bleeding from a costly acquisition, Advanced Micro Devices accounted in the fourth quarter, for overspending $1.6 billion on a graphics chip-maker -- but it posted a narrower loss than analysts feared on surging sales of microprocessors.
Intel shares took a nosedive Wednesday after the chip maker posted fourth-quarter results and a first-quarter outlook behind Wall Street targets.
Intel posted fourth-quarter results and a first-quarter outlook behind Wall Street targets, sending its shares down about 15 percent.
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Analysts polled by Thomson Financial expect Intel to report profits of 40 cents a share on sales of $10.84 billion after markets close Thursday.
Semiconductor giant Intel is being investigated by Andrew Cuomo, New York attorney general, his office said Thursday. The AG is probing whether Intel violated state and/or federal antitrust laws in its market-share battle with key rival Advanced Micro Devices.
At the Consumer Electronic Show in Las Vegas, Intel Chief Executive Paul Otellini spoke with Jim Goldman about the future of the semiconductor giant and the industry as a whole. The CEO waxed optimistic. "You have to remember, 75 percent of Intel's sales are non-U.S. ...And there seem to be no signs of a global 'R-word' out there," the CEO declared.
Mobile phone chip maker Texas Instruments raised the midpoint of its fourth-quarter revenue and earnings target range on Monday as strength in global demand appeared to offset U.S. economic concerns.
IBM says it has made a breakthrough in converting electrical signals into light pulses that brings closer the day when supercomputing, which now requires huge machines, will be done on a single chip.
Shares of major Asian memory chip makers jumped on Thursday, buoyed by a strong performance in U.S. tech shares, reports of DRAM price rises and hopes that a year-long fall in computer memory prices has finally hit bottom
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Global sales of semiconductors rose by 5 percent in October from a year earlier, fueled by stronger-than-expected demand for personal computers, , the Semiconductor Industry Association said.
South Korean prosecutors probing corruption at the Samsung Group raided its brokerage unit Samsung Securities on Friday and did not rule out further search and seizures at Samsung offices, an official said.
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.