SAN FRANCISCO (Reuters) – Freescale Semiconductor Ltd (FSL.N: Quote, Profile, Research) gave a revenue forecast for the current quarter above Wall Street’s expectations, and its shares rose 12 percent in extended trade as its chief executive pointed to growing demand from automobile makers for its chips.
The company, based in Austin, Texas, said in a statement on Tuesday that it expects net sales in the first quarter between $1.135 billion and $1.185 billion. Analysts, on average, are expecting net sales of $1.114 billion for the first quarter, which ends in March, according to Thomson Reuters I/B/E/S.
SAN FRANCISCO, Jan 26 (Reuters) – Texas Instruments Inc
reported higher fourth-quarter results on Monday and
gave a revenue outlook for the current quarter in line with
expectations, helped by growing demand for chips from the auto
The company posted fourth-quarter revenue of $3.27 billion,
up 8 percent from the year-ago period and slightly above Wall
Street forecasts as it deepened its focus on analog and embedded
SAN FRANCISCO (Reuters) – When Intel Corp (INTC.O: Quote, Profile, Research) said this month it would spend $300 million on increasing diversity in its workforce, Silicon Valley lauded its plan to improve the “pipeline” of candidates by helping more women and minorities study computer science and engineering.
But focusing too hard on the pipeline, a frequent tactic of technology firms seeking to change their workforce, will benefit the chipmaker less than working on what happens inside Intel, diversity advocates say.
SAN FRANCISCO (Reuters) – Chipmaker Advanced Micro Devices announced the departure of three senior executives on Monday following recent layoffs and the appointment of a new CEO.
John Byrne, General Manager of AMD’s Computing and Graphics Business Group is leaving, as are Chief Marketing Officer Colette LaForce and Chief Strategy Officer Raj Naik, the company said in a press release.
(Reuters) – Leading U.S. news outlets mostly declined to show controversial cartoons of the Muslim Prophet Mohammad on Wednesday after suspected Islamist gunmen in Paris killed 12 people at the French satirical magazine Charlie Hebdo.
Online news sources the Daily Beast and Slate published the cartoons, but major U.S. publications, including the New York Times, the Wall Street Journal, Reuters and the Associated Press, did not. Some said their guidelines call for avoiding publishing images or other material intended at offending religious sensibilities.
SAN FRANCISCO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) Chief Executive Brian Krzanich showed off a computer built into a jacket button and a wristband that transforms into a selfie-snapping flying camera, as the chipmaker extends its push into smart wearable gadgets.
Speaking at the Consumer Electronics Show in Las Vegas on Tuesday, Krzanich also announced a five-year, $300 million investment in math-related education and other programs to help employ more women and minorities in the technology and the video game industries.
SAN FRANCISCO (Reuters) – Memory chipmaker Micron Technology gave a quarterly revenue forecast on Tuesday that missed Wall Street’s expectations, hurt by an output drop as it upgrades DRAM production lines, and its shares fell.
Micron, which makes DRAM and NAND chips for personal computers, smartphones, servers and other devices, said in a statement that its revenue rose 13 percent to $4.57 billion in its first quarter, which ended on Dec 4.
SAN FRANCISCO (Reuters) – Two of three global industry groups vying to establish a dominant standard for wireless charging technology have agreed to merge, bringing consumers a small step closer to throwing away their smartphone power cords.
The Alliance for Wireless Power, backed by Intel (INTC.O: Quote, Profile, Research, Stock Buzz), Qualcomm (QCOM.O: Quote, Profile, Research, Stock Buzz) and Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz), and Power Matters Alliance, a second group, said on Monday they would join in a new entity aimed at accelerating the adoption of wireless charging in consumer devices.
SAN FRANCISCO (Reuters) – Qualcomm on Monday unveiled easy-to-use blueprints to help manufacturers make LED light bulbs that use the chipmaker’s wifi technology to connect to the Internet.
“Smart” light bulbs and other gadgets from thermostats to door locks packed with chips and sensors can be controlled remotely or programmed to turn on and off at different times or when people enter or leave their homes.
(Reuters) – Chipmaker Nvidia on Sunday unveiled a new processor aimed at powering high-end graphics on car dashboards as well as sophisticated auto-pilot systems.
At an event in Las Vegas ahead of the Consumer Electronics Show, Nvidia Chief Executive Jen-Hsun Huang said the Tegra X1 chip would provide enough computing horsepower for automobiles with displays built into mirrors, dashboard, navigation systems and passenger seating.