News on Electronics Sector

Intel, global chip shares jump

2010-03-17T01:00:09Z

<div><p>SAN FRANCISCO (Reuters) - Shares of Intel Corp <INTC.O> jumped 4 percent to their highest in more than a year on expectations that robust Asian sales and a rebound in corporate spending will help the chipmaker beat current-quarter earnings estimates.</p...

Intel unveils new server chips ahead of AMD

2010-03-16T09:30:08Z

<div><p>SAN FRANCISCO (Reuters) - Intel Corp released its newest server chips on Tuesday, as it seeks to maintain its dominance over rival Advanced Micro Devices Inc, and prepare for an expected rise in demand.&l...

Ahead of the Bell: Chip demand still improving

2010-03-16T07:15:40Z

<div id="subtitle">Oppenheimer analyst: chip demand continues to improve, driven by PC, TV and smart phone chips</div><div><p>Driven by the personal computer, television and smart phone markets, demand for semiconductors continues to improve and is ahead of what's generally expected for this time of year, according to Oppenheimer analyst Rick Schafer.</p><p>"The typical Chinese N...

Micron shares up; analysts see solid chip demand

2010-03-10T10:30:15Z

<div id="subtitle">Micron shares advance; analysts see solid demand, favorable pricing for chip maker</div><div><p>Shares of Micron Technology climbed Wednesday after at least two analysts reiterated their upbeat outlooks for the chip maker, saying demand and pricing are working in its favor.</p><p>Raym...

Nvidia up as analyst says chip supplies tight

2010-03-09T11:00:09Z

<div id="subtitle">Nvidia shares climb as analyst says chip supplies tight, Wall Street underestimates co.</div><div><p>Nvidia Corp. shares rose Tuesday after a Raymond James analyst said chip supplies are tight and Wall Street is underestimating the maker of graphi...

Broadcom closes acquisition of Teknovus

2010-03-09T00:30:09Z

<div id="subtitle">Broadcom closes acquisition of fiber broadband company Teknovus for $123 million</div><div><p>Chip maker Broadcom Corp. said Monday that it had closed its acquisition of Teknovus Inc., which makes equipment for broadband Internet service over optical fiber.</p><p>Irvine-based Broadcom paid $123 million in cash, wi...

AMD reduces pay package for CEO by 14 pct. in 2009

2010-03-06T10:00:10Z

<div id="subtitle">AMD reduces pay package for its CEO by 14 percent in 2009 to $4.5 million</div><div><p>Advanced Micro Devices Inc., the world's No. 2 maker of computer microprocessors, reduced its CEO's pay package 14 percent last year. The company cut executives' pay in response to falling sales.</p><p>CEO Dirk Meyer rec...

2010 chip revenues to top pre-recession levels: iSuppli

2010-03-05T10:15:20Z

<div><p>SAN FRANCISCO (Reuters) - Global chip sales could rise by more than a fifth this year, bringing them back above pre-recession levels, industry watcher iSuppli said on Friday.</p><p>Intel Corp, Qualcomm shares jump, KKR Financial stock climbs on strong 4Q earnings</div><div><p>Among the stock activity stories for Tuesday, March 2, from AP Financial News:</p><p>SAN DIEGO (A...

Qualcomm sees profit, rev around high end

2010-03-02T15:15:44Z

<div><p>NEW YORK (Reuters) - Qualcomm Inc.'s <QCOM.O> second-quarter earnings could beat its outlook range and revenue will be toward the high end of its target, the top executive for the wireless chip maker said on Tuesday.</p><p>Qualcomm shares rose almost 7 percent after Chief Executi...

January chip sales up 47.2 percent over last year

2010-03-02T00:15:57Z

<div id="subtitle">Worldwide semiconductor sales up 47.2 percent in January over last year's levels</div><div><p>Worldwide semiconductor sales came in at $22.5 billion in January — 47.2 percent above year-earlier levels — the Semiconductor Industry Association reported Monday.</p><p>The trade group said the sharp increase reflects "an improving business environm...

Computer chip sales up in January: SIA

2010-03-01T10:17:30Z

<div><p>Worldwide semiconductor sales rose 47.2 percent in January over a year ago and were 0.3 percent higher than the previous month, the Semiconductor Industry Association reported Monday.</p><p>The association said worldwide semiconductor sales in January reached 22.5 billion dollars, up from 15.3 billion dollars in January 2009 and 22.4 billion dollars in December.<...

Standard & Poor's raises Celestica rating

2010-02-25T13:16:01Z

<div id="subtitle">Standard & Poor's raises Celestica credit rating to 'BB' from 'BB-'</div><div><p>Standard & Poor's Ratings Services on Thursday raised its long-term corporate credit rating on Toronto-based Celestica Inc. to "BB" from "BB-."</p><p>Celestica provides electronics manufacturing services.</p><p>The ratings agency ...

LG Display considers additional production line

2010-02-23T23:15:15Z

<div><p>SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday it was considering building an additional production line to meet robust flat panel orders, adding to emerging concerns over rapid supply growth.</p><p>The liquid cryst...

Intel says hackers attacked around time Google hit

2010-02-23T17:00:24Z

<div><p>SAN FRANCISCO (Reuters) - Intel Corp said it faced a "sophisticated" hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc, but noted no clear link between the two events.</p>...

Intel announces jobs, venture capital plan

2010-02-23T10:45:20Z

<div><p>WASHINGTON (Reuters) - Giant U.S. technology company Intel Corp <INTC.O> is working with a range of venture capital firms to organize $3.5 billion in investment in promising technology, $200 million of which will come from Intel itself, Intel President Paul Otellini said on T...

Thermo Fisher in $6 billion bid for Millipore: source

2010-02-22T12:45:25Z

<div><p>PHILADELPHIA/NEW YORK (Reuters) - Laboratory equipment maker Thermo Fisher Scientific Inc <TMO.N> has offered $6 billion to buy Millipore Corp <MIL.N>, according to a...

Motorola executive leaves to lead Technitrol

2010-02-22T10:30:27Z

<div id="subtitle">Motorola executive Daniel Moloney leaves to replace Technitrol's retiring CEO</div><div><p>The president of Motorola Inc.'s home and networks mobility division is leaving to become CEO of Technitrol Inc., which makes parts for manufacturers in wireless, military, automotive an...

Nvidia shares fall after fiscal 4th-qtr report

2010-02-22T08:43:39Z

<div id="subtitle">Nvidia shares fall following fiscal 4th-qtr report; analysts cite inventory growth concerns</div><div><p>Nvidia Corp. shares fell Thursday after the graphics chip maker reported strong fourth-quarter results, but a buildup in inventory appeared to spook investors.</p><p>Nvidia shares fell $1.21, or 6.8 percent, to $16.63 in aft...

Acquisition of Agilent unit lifts JDS Uniphase

2010-02-22T09:50:09Z

<div id="subtitle">Acquisition boosts JDS Uniphase shares; Agilent business fills gap, analyst says</div><div><p>Investors responded positively Friday to JDS Uniphase Corp.'s decision to buy the network testing equipment business of Agilent Technologies Inc.</p>&l...