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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.

Oct 15, 2013

Intel beats quarterly forecasts in tough PC market

SAN FRANCISCO (Reuters) – Intel Corp’s third-quarter results modestly beat expectations on Tuesday, but its current-quarter revenue outlook fell short as tablets continued to grow more popular at the expense of personal computers largely powered by the chipmaker.

Intel is betting that its new Haswell PC processor with improved battery life will boost sales for the rest of the year, beyond the typically strong third quarter when PC manufacturers buy chips in anticipation of holiday demand.

Oct 10, 2013

Micron’s quarterly net misses Street, investors eye tight DRAM supply

SAN FRANCISCO (Reuters) – Micron Technology (MU.O: Quote, Profile, Research, Stock Buzz) posted a smaller-than-expected fiscal fourth-quarter net profit on Thursday but the chipmaker’s shares held steady on expectations memory chip supplies will be constrained following a recent fire at a competitor’s factory.

After a deep memory chip price slump last year that led some chipmakers to throttle back production, prices for DRAM and NAND chips made by Micron, Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz) and SK Hynix (000660.KS: Quote, Profile, Research, Stock Buzz) have increased this year, although NAND lost some ground in the Micron’s August quarter.

Oct 8, 2013

Intel talks up chips for growing wave of connected gadgets

SAN FRANCISCO (Reuters) – Intel Corp talked up new chips on Tuesday aimed at medical equipment, automobile entertainment systems and other devices far from its shrinking core market of personal computers.

Intel and other technology companies are betting that what they call the “Internet of Things” — a trend toward connecting everything from bathroom scales, to factory robots and skyscraper ventilation systems to the Internet – will create massive demand for new electronics and software over the next several years.

    • 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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