Noel's Feed
Oct 29, 2013

Smartphone shipments jump in third quarter on China demand: IDC

SAN FRANCISCO (Reuters) – Global smartphone shipments jumped 39 percent in the quarter ended September 30, while brisk demand for low-priced Android devices in China eroded Apple’s market share.

With growth in smartphones slowing in the United States and Europe, attention has turned to technology-hungry consumers in developing countries, many of whom favor devices that are less expensive than Apple’s iPhones.

Oct 24, 2013

Tencor quarterly outlook misses Street expectations

SAN FRANCISCO (Reuters) – Chip equipment maker KLA-Tencor Corp forecast earnings and revenue for the current quarter that were weaker than expected by Wall Street as contract manufacturers and memory chipmakers investing in new technology only partly offset a slow PC industry.

The company, whose products are used by chipmakers to measure the effectiveness of complicated manufacturing processes and reduce defects, said it expects an improvement in orders, but its stock fell in extended trade after it gave its earnings and revenue outlook on a conference call with analysts on Thursday.

Oct 23, 2013

Intel’s Dadi Perlmutter to step down in February

SAN FRANCISCO (Reuters) – Intel Corp senior executive David Perlmutter, who developed technology that was key to the success of laptop personal computers, is leaving after 34 years at the chipmaker.

Perlmutter, who was passed over by Intel’s board for the job of chief executive officer earlier this year, will leave in February to pursue other opportunities, the company said in a filing on Wednesday.

Oct 23, 2013

Broadcom, other U.S. chipmakers, leave investors wanting more

SAN FRANCISCO, Oct 22 (Reuters) – A host of U.S. chipmakers
gave quarterly revenue forecasts that disappointed Wall Street
and hurt their shares on Tuesday, including Broadcom Corp
, which said it would lay off over a thousand workers as
it struggles with slow demand for its cellphone chips.

Broadcom, programmable chipmaker Altera Corp and
radio frequency chipmaker RF Micro Devices Inc joined
Intel Corp and Texas Instruments Inc on a
growing list of semiconductor companies that have unveiled
underwhelming quarterly forecasts over the past week.

Oct 22, 2013

Broadcom revenue forecast misses views; shares fall 5 percent

SAN FRANCISCO (Reuters) – Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz), which faces growing competition in mobile chips, on Tuesday forecast fourth-quarter revenue that was below Wall Street expectations, sending its shares lower even as third-quarter results topped views.

Broadcom also said that during the third quarter it started a restructuring plan to reduce expenses, including cutting its workforce by up to 1,150 employees.

Oct 21, 2013

Texas Instruments fourth-quarter revenue outlook misses Street

SAN FRANCISCO (Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) forecast unexpectedly low fourth-quarter revenue, underscoring concerns about spotty demand for chips for cars, appliances, computers and industrial products and sending its shares lower.

Demand for chips used in cars and communications infrastructure had improved in the third quarter, helping make up for a drop in revenue as TI wound down its unprofitable wireless business.

Oct 21, 2013

Texas Instruments 4th-qtr revenue outlook misses Street

SAN FRANCISCO, Oct 21 (Reuters) – Texas Instruments Inc
forecast unexpectedly low fourth-quarter revenue,
underscoring concerns about spotty demand for chips for cars,
appliances, computers and industrial products and sending its
shares lower.

Demand for chips used in cars and communications
infrastructure had improved in the third quarter, helping make
up for a drop in revenue as TI wound down its unprofitable
wireless business.

Oct 17, 2013

AMD quarterly results beat expectations but stock drops

SAN FRANCISCO, Oct 17 (Reuters) – Advanced Micro Devices Inc
posted a 6 percent decline in personal computer chip
sales, dampening hopes that its fast-growing gaming-console
business can take up the slack and sending its shares 7 percent
lower.

AMD’s third-quarter results on Thursday beat analysts’
forecasts as the chipmaker benefited from supplying processors
for new game consoles like Sony Corp’s
PlayStation 4 and Microsoft Corp’s Xbox One, which go
on sale in November.

Oct 17, 2013

Advanced Micro’s third-quarter results beat expectations

SAN FRANCISCO (Reuters) – Advanced Micro Devices (AMD.N: Quote, Profile, Research) posted third-quarter results above expectations as the chipmaker turns to new game consoles to offset slow demand in the personal computer industry.

AMD’s recently surging stock declined 6 percent in extended trade after closing unchanged at $4.09 (2.53 pounds).

Oct 15, 2013

Intel reports mixed quarter, delays cutting-edge chip

SAN FRANCISCO, Oct 15 (Reuters) – Intel Corp’s
third-quarter results modestly beat expectations on Tuesday, but
its current-quarter revenue outlook fell short and it warned
that production of its upcoming Broadwell processors was
delayed.

The world’s top chipmaker is betting that its current
Haswell PC processor with improved battery life will boost sales
for the rest of 2013, beyond the typically strong third quarter
when PC manufacturers buy chips in anticipation of holiday
demand.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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