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.
SAN FRANCISCO (Reuters) – Nvidia (NVDA.O: Quote, Profile, Research, Stock Buzz) on Thursday posted higher fiscal third-quarter revenue that was above Wall Street’s expectations, fueled by the company’s latest graphics chips for personal computers as well as processors for data centers and cars.
Revenue in the fiscal third-quarter ended Oct. 26 was $1.225 billion, up 16 percent from the year-ago quarter, compared with analysts’ average estimate of $1.202 billion.
SAN FRANCISCO (Reuters) – Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.
China’s expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm’s opportunities have been clouded by an 11-month-old antitrust investigation there.
SAN FRANCISCO (Reuters) – Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) gave a disappointing forecast for 2015 revenue on Wednesday after quarterly earnings missed expectations, as the wireless chipmaker continues to struggle with royalty collection and an antitrust investigation in China.
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 11-month-old antitrust investigation there.
SAN FRANCISCO, Nov 3 (Reuters) – Intel Corp on
Monday awarded $500,000 to a group of do-it-yourselfers who
developed a wristband that converts to a camera-equipped drone
to win a contest the chipmaker hopes will help guarantee it a
leading position in the emerging market for wearable computing
Aimed at rock climbers, the Nixie quadcopter is worn wrapped
around the wrist and springs into the air to take pictures from
hard-to-reach places. Like a boomerang, it returns to its owner
and then syncs with the owner’s smartphone.
SAN FRANCISCO, Oct 30 (Reuters) – Microchip Technology Inc
, which three weeks ago forecast a broad downturn in
semiconductor demand, said on Thursday that the worst was over
and the dip would be minor.
Shares of Microchip rose 4 percent in extended trade after
the company forecast earnings per share for fiscal third
quarter, which ends in December, in line with analysts’
SAN FRANCISCO, Oct 30 (Reuters) – NXP Semiconductors
is taking advantage of the recent excitement around
Apple Inc’s new mobile payment system with the
tap-to-pay technology built into the newest iPhones by pitching
it to car makers.
Apple’s inclusion of near-field-communications, or NFC, in
its latest smartphones and its Apple Pay system unveiled last
month has given a long-awaited seal of approval to the
Oct 21 (Reuters) – Apple and GT Advanced Technologies Inc
struck an agreement on Tuesday that will let GT begin
the shutdown of key Arizona operations, and shed some more light
on why the former stock market darling abruptly filed for
bankruptcy this month.
A lawyer for GT, Apple’s erstwhile sapphire supplier,
described the deal at a hearing in U.S. Bankruptcy Court in
Springfield, Massachusetts, saying it would save the company
money and allow it to be more open about its mysterious Chapter
11 filing on October 6.
SAN FRANCISCO (Reuters) – Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz) posted third-quarter results on Tuesday that exceeded Wall Street’s expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.
Broadcom, whose wifi connectivity chips are used in Apple’s iPhones, reported third-quarter revenue of $2.26 billion, up 5.3 percent from the year-ago period. Analysts on average had expected third-quarter revenue of $2.17 billion, according to Thomson Reuters I/B/E/S.
SAN FRANCISCO, Oct 21 (Reuters) – Broadcom posted
higher third-quarter revenue on Tuesday that exceeded Wall
Street’s expectations as the chipmaker focused on networking and
broadband chips, sending its shares 4 percent higher.
Broadcom, a leader in connectivity chips with features like
Wifi and Bluetooth, reported third-quarter revenue of $2.26
billion, up 5.3 percent from the year-ago period. Analysts on
average had expected third-quarter revenue of $2.17 billion,
according to Thomson Reuters I/B/E/S.