PARIS, July 23- European chipmaker STMicroelectronics forecast revenue growth of about 3 percent in the third quarter, disappointing some analysts who expected a bigger lift from strong global demand for semiconductors. Global spending on semiconductors is expected to rise 6.7 percent this year to $336 billion, according to market researcher Gartner.» Read More
One of Advanced Micro Devices's most visible executives, sales chief Henri Richard, is preparing to leave the microprocessor company, CNET said on Wednesday.
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.
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.
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.
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
Swiss chipmaker STMicroelectronics said Wednesday it fell to a loss in the second-quarter as restrucuring charges weighed on results.
Shares in Europe's largest chipmaker STMicroelectronics fell 4.6% following disappointing quarterly results and a cut in its growth expectations for the industry.
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.
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.