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Dec 13, 2013

Qualcomm promotes Mollenkopf to CEO, ends Microsoft talk

SAN FRANCISCO, Dec 13 (Reuters) – Qualcomm Inc, the
world’s biggest maker of cellphone chips, unexpectedly named
Chief Operating Officer Steve Mollenkopf as chief executive on
Friday following speculation that he might be poached to run
Microsoft Corp.

The replacement of current CEO Paul Jacobs, the 51-year-old
son of a Qualcomm co-founder, was prompted by concerns that
Microsoft might hire Mollenkopf to succeed retiring CEO Steve
Ballmer, said a source at one of the companies who was not
authorized to discuss the issue publicly.

Dec 13, 2013

Qualcomm names COO Mollenkopf CEO, ending Microsoft talk

SAN FRANCISCO (Reuters) – Qualcomm Inc, the world’s biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday following speculation that he might be poached to run Microsoft Corp.

The replacement of current CEO Paul Jacobs, the 51-year-old son of a Qualcomm co-founder, was prompted by concerns that Microsoft might hire Mollenkopf to succeed retiring CEO Steve Ballmer, said a source at one of the companies who was not authorized to discuss the issue publicly.

Dec 9, 2013

Texas Instruments narrows quarterly forecast in slow economy

SAN FRANCISCO, Dec 9 (Reuters) – Chipmaker Texas Instruments
Inc narrowed its fourth-quarter forecast on Monday
following concerns on Wall Street that demand was not improving
as much as previously expected.

The company, seen as a barometer of the chip industry
because it makes components for a variety of markets, said in a
statement that it now estimates earnings of 44 cents to 48 cents
per share on revenue of $2.92 billion to $3.04 billion for the
quarter ending in December.

Dec 9, 2013

Texas Instruments narrows quarterly forecast

SAN FRANCISCO (Reuters) – Chipmaker Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) narrowed its fourth-quarter forecast on Monday following concerns on Wall Street that demand was not improving as much as previously expected.

The company said in a statement that it now estimates earnings of 44 cents to 48 cents per share on revenue of $2.92 billion to $3.04 billion for the quarter ending in December.

Dec 9, 2013

Qualcomm plans smartphone chips with 64-bit technology

SAN FRANCISCO (Reuters) – Qualcomm Inc said on Monday it will make smartphone chips with 64-bit features typically found in personal computers, following Apple Inc and opening the way to more efficient mobile gadgets.

Qualcomm said its new Snapdragon 410 component will also include 4G cellphone connectivity technology and be aimed at the fast-growing Chinese market, where it should start appearing in low-cost smartphones in the second half of 2014.

Nov 22, 2013

Intel CEO says contract manufacturing business to expand

SAN FRANCISCO (Reuters) – Intel (INTC.O: Quote, Profile, Research) CEO Brian Krzanich said on Thursday he would expand his company’s small contract manufacturing business, paving the way for more chipmakers to tap into the world’s most advanced process technology.

With Intel far behind rivals in making chips for smartphones and tablets, many on Wall Street have urged the company to expand its contract manufacturing business, which currently contributes little to its overall revenue, and to open its factories to high-volume clients making mobile processors.

Nov 21, 2013

Intel to expand contract manufacturing business: CEO

SAN FRANCISCO (Reuters) – Intel CEO Brian Krzanich said on Thursday he planned to expand his company’s small contract manufacturing business, opening the way for more chipmakers to tap into the world’s most advanced process technology.

With Intel far behind rivals in making chips for smartphones and tablets, many on Wall Street have called for the company to expand its contract manufacturing business, which currently has a negligible impact on overall revenue, and to open its factories to high-volume clients making mobile chips.

Nov 20, 2013

Insight: For Intel, Hollywood dreams prove a leap too far

By Noel Randewich, Ronald Grover and Liana B. Baker

(Reuters) – Earlier this year, Intel Corp rented temporary retail space in New York, Los Angeles and Chicago for a splashy launch of Intel TV, a new Internet entertainment service that the chipmaker promised could revolutionize the television industry.

But when customers walk into those stores this holiday season, they will not find any set-top TV boxes or programming services for sale. Instead, they will see ultra thin laptops and new tablets from a variety of vendors that Intel hopes will help boost its massive but flagging computer chip business.

Nov 20, 2013

For Intel, Hollywood dreams prove a leap too far

Nov 20 (Reuters) – Earlier this year, Intel Corp rented
temporary retail space in New York, Los Angeles and Chicago for
a splashy launch of Intel TV, a new Internet entertainment
service that the chipmaker promised could revolutionize the
television industry.

But when customers walk into those stores this holiday
season, they will not find any set-top TV boxes or programming
services for sale. Instead, they will see ultra thin laptops and
new tablets from a variety of vendors that Intel hopes will help
boost its massive but flagging computer chip business.

Nov 20, 2013

Qualcomm CEO vows to return 75 percent of free cash flow

SAN FRANCISCO, Nov 20 (Reuters) – Leading mobile chipmaker
Qualcomm plans to return 75 percent of free cash flow
to shareholders through stock buybacks and increased dividends,
Chief Executive Paul Jacobs told analysts at an event on
Wednesday.

Unveiling his new capital return commitment, Jacobs said
Qualcomm would grow dividends faster than earnings and continue
opportunistic repurchases as well.

    • 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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