SAN FRANCISCO/WASHINGTON (Reuters) – Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees.
Obama, in a speech to be broadcast at 8 p.m. EST on Thursday, was to outline plans to use his executive authority to help millions of undocumented people. He was also expected to announce minor adjustments that could cut through some red tape for visa holders and their families, including letting the spouses of certain H-1B holders get work permits.
SAN FRANCISCO, Nov 20 (Reuters) – Intel, helped by
a stabilizing personal computer market, gave a revenue outlook
for 2015 that was above Wall Street’s expectations and also
raised its dividend, sending its shares higher.
In a press release on Thursday, Intel said it expects
revenue to grow by a mid-single digit percentage next year.
Analysts on average have been forecasting 3.4 percent revenue
growth for 2015.
SAN FRANCISCO (Reuters) – Intel Chairman Andy Bryant said on Thursday he is no longer embarrassed about the top chipmaker’s lack of progress in mobile business but he’s still not proud.
Kicking off Intel’s annual investor day, Bryant said he saw progress in Intel’s strategy of staking out a big chunk of market share in tablets this year by offering manufacturers subsidies to use its chips.
SAN FRANCISCO (Reuters) – Mobile chipmaker Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and more consumers there and in other developing countries buy lower-priced smartphones.
China’s expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm’s opportunities have been clouded by a year-old antitrust investigation there and troubles collecting royalty payments from device makers.
SAN FRANCISCO, Nov 17 (Reuters) – Upcoming bracelets with
technology from Intel Corp and design cues from fashion
brand Opening Ceremony will connect the wearer with Facebook,
Google and Yelp via an AT&T data plan without having to carry a
Called My Intelligent Communication Accessory, or MICA, the
snakeskin bracelets are aimed at fashion-conscious women and are
an attempt by the two companies to stand out in a growing field
of often-clunky smartwatches and fitness brands that have yet to
catch on widely with consumers.
(Reuters) – The U.S. Department of Energy said on Friday it is spending $425 million to research extreme-scale computing and build two super-computers, which would be the world’s fastest, for research into basic science as well as nuclear weapons.
The DOE is awarding $325 million to build “Summit” for Oak Ridge National Laboratory in Tennessee and “Sierra” at the Lawrence Livermore National Laboratory in California.
SAN FRANCISCO (Reuters) – Applied Materials posted higher fiscal fourth-quarter results but the top chip gear-maker’s outlook for the first quarter was shy of Wall Street’s expectations and its stock fell.
Chief Executive Gary Dickerson told analysts on a conference call he expects approval early next year for Applied Materials’ agreement to buy rival Tokyo Electron Ltd in an all-stock deal worth more than $10 billion.
SAN FRANCISCO (Reuters) – The landmark expansion of a global tariff-cutting agreement to include some new types of microchips used in products ranging from smartphones to medical equipment will spur innovation, according to the head of U.S. chipmaker Altera.
The breakthrough in talks with China this week to expand the Information Technology Agreement was hailed as a major step for the chip industry. Altera Chief Executive Officer John Daane says the impact is small right now but will accelerate quickly.
SAN FRANCISCO, Nov 11 (Reuters) – Intel Corp Chief
Executive Brian Krzanich expects new semiconductor partners in
China to migrate to the U.S. chipmaker’s architecture within a
few years and give up on ARM technology more widely used in
smartphones and tablets.
Intel this year signed deals with Rockchip and Spreadtrum
Communications to use Intel’s technology to make chips for
low-cost smartphones and tablets aimed at China’s fast-growing
SAN FRANCISCO (Reuters) – Apple Inc pulled a “bait and switch” move to force GT Advanced Technologies into a money-losing deal to supply the iPhone maker with sapphire, according to an affidavit by a senior executive at the company.
In documents unsealed on Friday by a U.S. Bankruptcy Court in Springfield, Massachusetts, GT Advanced Chief Operating Officer Daniel Squiller says Apple offered what would have been GT Advanced’s largest sale ever and then changed the terms of the agreement after it was too late for the smaller company to pursue other opportunities.