Some of the names on the move ahead of the open.» Read More
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.
PARIS, July 23- STMicroelectronics posted second-quarter revenue and profit that met expectations, driven by sales of chips for cars and industrial products, as it surfed on strong demand that is lifting the entire semiconductor sector.
SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.
SAN FRANCISCO, July 21- Texas Instruments Inc said it expects higher third-quarter revenue following recently improved demand for chips used in cars, industrial equipment and communications gear.
DALLAS— Texas Instruments Inc. on Monday reported profit that climbed 3.5 percent in its second quarter, topping analysts' expectations. The Dallas- based company said profit increased to $683 million, or 62 cents per share, from $660 million, or 58 cents per share, in the same quarter a year earlier.
SAN FRANCISCO, July 21- Texas Instruments Inc said it expects higher third-quarter revenue following recently improved demand for chips used in cars, industrial equipment and communications gear. Chief Financial Officer Kevin March said Texas Instruments' customers appeared to be holding lean inventories of chips, which should help maintain demand.
SAN FRANCISCO, July 21- Texas Instruments Inc posted second-quarter revenue of $3.29 billion, up 8 percent from the year-ago period, and just above Wall Street forecasts following recently improved demand for chips used in cars, industrial equipment and communications gear.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
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The cost-intensive cellular baseband business has been losing market share and has weighed on Broadcom's margins. Broadcom on Monday said it would sell or wind down the business as soon as it could, saving some $700 million annually.
Chipmaker Broadcom said it was looking to sell or wind-down of its cellular baseband business.
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Take a look at some of Monday's midday movers:
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Some of the names on the move ahead of the open.